British American Tobacco Eyes Selling 2.3% Stake In ITC: Reports
The reports state that the deal is worth around USD 1.4 billion, and the company is eyeing to sell the stake in a block trade deal
Companies
Consumer
FMCG
ITC’s Net Profit Rises To Rs 19,807 Cr In Q4
- by BW Retail World Bureau
- May 23, 2025
The net profit rose to Rs 19,807.8 crore in the fourth quarter of the fiscal year 2025 (Q4FY25) from Rs 5,190.71 crore in Q4FY24
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consumer
Consumer
ITC To Fully Acquire Mother Sparsh & 24 Mantra Organic
- by BW Retail World Bureau
- April 18, 2025
The company aims to strengthen its position in the organic and personal care segments through these acquisitions
Companies
News
Orion India Doubles Down With Capacity Expansion & New Products
- by BW Retail World Bureau
- March 23, 2024
Orion India, the Indian subsidiary of South Korea’s confectionery giant Orion Holdings, is intensifying its focus on its local range of snacking products, which includes popular items like Choco Pie dessert snacks and Turtle chips, according to the company’s managing director, Saurabh Saith. Having entered the Indian market five years ago, the company is now […]
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Finance
News
British American Tobacco To Sell Stake In ITC
- by BW Retail World Bureau
- March 12, 2024
British American Tobacco Plc (BAT), known for its Lucky Strike cigarettes, is poised to initiate the sale of a portion of its stake in its Indian partner, ITC, as early as this week, according to media reports. Reports suggest that London-listed BAT has been in discussions with Bank of America Corp. and Citigroup Inc. regarding […]
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Government
National
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DGGI Accuses FMCG Firms Including ITC, PepsiCo Of GST Evasion
- by BW Retail World Bureau
- March 7, 2024
The Directorate General of GST Intelligence (DGGI) has initiated action against many fast-moving consumer goods (FMCG) companies for alleged tax fraud. According to a report, DGGI filed notices and investigative intimation letters to FMCG businesses such as ITC, Pepsico, Prataap Snacks, Balaji Wafers, Guiltfree Industries and Sarveshwar Foods about this. These companies are suspected of […]
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Companies
Finance
FMCG
News
Moderating Input Costs Boosts Margins For FMCG Companies
- by BW Retail World Bureau
- February 5, 2024
Fast-moving consumer goods (FMCG) businesses have reported single-digit volume growth with improved margins in most divisions during the December quarter, boosted by dipped commodity inflation, yet the operational environment remained tough. Some firms also reported a drop in topline numbers as they passed on the advantages of decreased commodity costs to consumers, affecting their gross […]
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Finance
FMCG
News
ITC Q3 Profit Rises 6.5%, FMCG Drives Growth
- by BW Retail World Bureau
- January 30, 2024
ITC on Monday reported a 6.51 per cent increase in consolidated net profit to Rs 5,400.51 crore for the December 2023 quarter due to a resilient performance by the FMCG vertical compared to a consolidated net profit of Rs 5,070.09 crore in the October-December period a year ago, according to the regulatory filing. Its gross revenue […]
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Godfrey Q3 Profit Up 6.6%, Revenue Jumps 34%: Core Cigarettes Drive Expansion
- by BW Retail World Bureau
- January 30, 2024
Tobacco maker Godfrey Phillips India reported higher third-quarter profit on Monday, driven by growth in its core market and easing expenses. The company reported a consolidated net profit of Rs 212 crore for the quarter ended 31 December, up 6.6 per cent from last year. Total revenue from operations rose 34 per cent to Rs […]
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Interviews
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ITC Anticipates Growth In Stationery Segment
- by Musharrat Shahin
- January 29, 2024
In an exclusive conversation with BW Businessworld, Vikas Gupta, CEO of the education and stationary products business division, of ITC Ltd enlightened the current scenarios and plans of the Stationery market. The global stationery market stands at 26.06 billion US dollars in 2023 and is predicted to reach 39.32 billion by 2033, as stated in […]