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Diversified ITC Ltd on Wednesday reported a 9.86 per cent increase in standalone net profit at Rs 2,932.71 crore for the fourth quarter ended March 31, 2018.

ITC Q4 net profit up 9.8 per cent to Rs 2,933 crore

The board has also recommended a dividend of Rs 5.15 per ordinary share of Re 1 each for 2017-18.

16 May 2018 2:48 PM IST

The Taj Mansingh was given to the Tata group in 1978 on a lease for 33 years, which ended in 2011. The company was since given nine temporary extensions. (Photo: Tajhotels.com)

Tatas defeat ITC in NDMC auction to retain iconic Taj Mansingh Hotel

The lease for the hotel will be granted to the Tata group for 33 years at a license fees of Rs 7.03 crore per month...

28 Sept 2018 7:07 PM IST

Revenue from the FMCG business, including cigarettes, increased by 2.51 per cent to Rs 10,857.23 crore

ITC profit ticks up 5.7 pc, cigarette business under strain

Total income from operations was up 4.69 per cent at Rs 13,569.97 crore for the quarter under review.

27 Jan 2017 4:05 PM IST

Stunning growth: The FMCG sector in India is expected to more than double to $104 billion by 2020 from the current $49 billion. The sector is expected to grow at a compounded annual growth rate (CAGR) of 20.6 per cent. There is almost nothing else in the world growing this quick.

FMCG cos to extend tax benefits to customers, slash prices

FMCG sector in India is trying to pass on GST benefits to consumers as most FMCG products have been placed under 18 per...

4 July 2017 10:17 AM IST

ITC may be able to pass GST benefit to customers by lowering prices (Representational Image).

ITC may cut prices post GST, abolishing of additional excise duty

With GST rollout, only the national calamity duty, GST and cess will be levied on cigarettes.

4 July 2017 12:21 PM IST

L-cysteine is an amino acid that eliminates acetaldehyde, a compound in cigarettes believed to play a role in tobacco addiction by enhancing the brains responses to nicotine

How much your Gold Flake Kings will cost as ITC hikes prices

The revised prices of cigarettes were implemented with immediate effect, said a statement by ITC.

25 July 2017 1:59 PM IST

Illegal cigarette trade is more than 20 per cent of the cigarette industry in India.

ITC stocks rise 2 per cent post cigarette cess hike

According to reports, the company increased cigarette prices of its three brands effective July 18.

24 July 2017 2:17 PM IST

ITC shares rose as much as 5.5 percent in early trade to a record high of 292.15 rupees after news of the sale.

ITC shares tank up to 15 per cent on cigarette cess hike

GST Council raised the cess on cigarettes to take away an estimated Rs 5,000 crore annual.

18 July 2017 1:16 PM IST

Sensex opened higher at 26,756.66.

ITC's crash forces LIC to lose Rs 7,000 crore

With a 16.29 per cent stake in ITC, life insurance giant is largest shareholder in cigarette maker.

18 July 2017 12:13 PM IST

Diversified conglomerate ITC on Thursday reported an increase of 7.37 per cent in standalone net profit to Rs 2,560.50 crore for Q1.

ITC shares up over 2 per cent post Q1 results

ITC's net sales during period under review was up 4.29 per cent to Rs 13,722.21 crore as against Rs 13,156.68 crore.

28 July 2017 12:16 PM IST

The Council had in May fixed 28% as the top rate for cigarettes. A 5% ad valorem cess was levied on top of it and Rs 1,591 per thousand sticks as fixed cess on both filter and non-filter cigarettes of not exceeding 65 mm.

ITC says increase in compensation cess would 'exacerbate' legal sales

The high incidence of taxation on cigarettes was further compounded by increase in taxes announced by the GST Council.

27 July 2017 9:16 PM IST

Diversified conglomerate ITC on Thursday reported an increase of 7.37 per cent in standalone net profit to Rs 2,560.50 crore for Q1.

ITC records 7.37 per cent rise in Q1 net profit

Its total expenses were up 3.34 per cent to Rs 10,332.61 crore, as against Rs 9,998.18 crore of Q1 FY 2016-17.

27 July 2017 8:15 PM IST