Cigarette Sales Drop Sharply In East India During Mar-Apr, Affecting ITC Apr 10, 2026
The East Indian cigarette market faced sharp sales declines during March-April, with volumes dropping 3%-5% in March and continuing to deteriorate in April. This regional downturn particularly affected major industry players ITC and Godfrey Phillips, highlighting sustained market pressures in one of India's key tobacco consumption areas.
Leading brokerages present divergent views on ITC following significant cigarette tax increases, with Goldman Sachs reducing target price to Rs 330 due to insufficient price hikes to offset duties, Morgan Stanley maintaining Rs 346 amid volume decline risks, and UBS staying optimistic at Rs 395 based on the company's three-pronged strategic response to protect volumes and margins.
GQG Partners Eyes Larger Stake in Indian Conglomerate ITC
GQG Partners, a global investment firm, is reportedly looking to increase its stake in ITC, a leading Indian conglomerate. While specific details about the current stake or the intended increase are undisclosed, this move suggests confidence in ITC's business prospects. ITC is a diversified company with interests in FMCG, hotels, paperboards, packaging, agri-business, and IT. The potential stake increase could bring additional stability to ITC's shareholder structure and attract more international investor interest. No official statements have been made by either company regarding this potential transaction.
30May 25
GQG Partners Boosts Stake in ITC, Signaling Confidence in Indian FMCG Giant
GQG Partners, a global investment firm, has increased its stake in ITC Limited by 0.50% through a bulk deal transaction. This move highlights GQG's continued interest in the Indian market and in established companies with diverse business portfolios. The increased stake may be viewed as a vote of confidence in ITC's business model and future prospects.
28May 25
ITC Shares Tumble as BAT Plans to Offload 2.3% Stake
British American Tobacco (BAT) plans to sell a 2.3% stake in ITC Ltd for approximately Rs 11,600 crore, with a floor price of Rs 400 per share. This follows a previous 3.5% stake sale in March 2024. The announcement caused ITC's share price to drop nearly 5% to Rs 413, its lowest since April 9. This block deal may present opportunities for institutional investors but also demonstrates market sensitivity to large stake sales by major shareholders.
28May 25
ITC Ltd. Sees Major Block Trade: 41.49 Million Shares Sold for Rs. 1,724.84 Crores
A significant block trade of approximately 41.49 million ITC Ltd. shares was executed on the National Stock Exchange (NSE) on Wednesday. The transaction, valued at Rs. 1,724.84 crores, was carried out at Rs. 415.75 per share. This large-scale trade of the diversified conglomerate's shares may impact short-term stock price and trading volume.
27May 25
BAT to Offload 2.3% Stake in ITC for ₹11,600 Crore
British American Tobacco (BAT) plans to reduce its stake in ITC Limited by selling approximately 29 crore shares, representing a 2.3% stake. The block deal is valued at an estimated ₹11,600 crore, with a floor price of ₹400 per share, an 8% discount to the current market price. Goldman Sachs and Citigroup are reported to be facilitating the transaction as brokers.
27May 25
BAT Plans to Offload $1.36 Billion Worth of ITC Shares
British American Tobacco (BAT) plans to reduce its stake in ITC Limited, selling shares worth approximately $1.36 billion (₹11,300 crore) through a block deal. The exact number of shares and floor price are yet to be disclosed. This move could impact ITC's stock price, alter its ownership structure, and potentially increase public float. The sale signals a possible strategic shift for BAT in the Indian market and may create short-term pressure on ITC's stock while offering new investment opportunities.
27May 25
ITC Ltd: Last Chance to Secure Final Dividend of ₹7.85 per Share
ITC Ltd has declared a final dividend of ₹7.85 per share for FY2025. The last date to buy shares for dividend eligibility is May 27, with the record date set as May 28. The total dividend for FY2025 is ₹14.35 per share, including an interim dividend of ₹6.50. Payment of the final dividend is scheduled between July 28-31.
23May 25
ITC Ltd Reports Mixed Q4 Results, Boosted by Hotel Business Sale
ITC Ltd's Q4 standalone revenue grew 9.6% to Rs 17,248.00 crore, exceeding market expectations. However, EBITDA margin contracted to 34.7% due to higher input costs. Standalone profit from continued operations increased marginally by 0.8% to Rs 4,874.00 crore. The company recorded an exceptional gain of Rs 15,179.00 crore from the sale of its hotels business, boosting overall net profit to Rs 19,561.00 crore. ITC's share price showed an upward movement following the results announcement.
23May 25
ITC Reports Massive Profit Surge in Q4, Driven by Exceptional Item
ITC Limited announced its Q4 results, showing a significant increase in net profit to ₹195.62 billion, up from ₹50.20 billion last year, largely due to a ₹151.80 billion exceptional item from discontinued operations. Revenue grew 9.39% year-over-year to ₹184.94 billion. The board recommended a final dividend of ₹7.85 per share, bringing the total dividend for the fiscal year to ₹14.35 per share. Profit from continuing operations saw a modest increase from ₹48.37 billion to ₹48.75 billion.
22May 25
ITC Ltd Announces Rs 14.35 Total Dividend for FY 2025
ITC Ltd has recommended a final dividend of Rs 7.85 per share for FY 2025, subject to shareholder approval at the AGM on July 25, 2025. Combined with the interim dividend of Rs 6.50, the total dividend for FY 2025 amounts to Rs 14.35 per share. The record date for dividend eligibility is set for May 28, 2025.
ITC Limited announced its Q4 financial results, showing a 9.4% year-over-year revenue increase to ₹18,494.06 crore. Standalone profit grew marginally by 0.8% to ₹4,874.71 crore. For the full fiscal year, revenue increased by 10.3% and profit by 0.9%. The cigarette business saw 7.1% growth, while FMCG revenue rose by 4.8%. The board recommended a final dividend of ₹7.85 per ordinary share.
21May 25
ITC Expands Portfolio with ₹50.6 Crore Investment in Mother Sparsh Baby Care
ITC Limited has acquired shares in Mother Sparsh Baby Care Private Limited for ₹50.60 crore, marking its entry into the baby care segment. This strategic move aligns with ITC's diversification strategy to expand its FMCG portfolio and reduce dependence on its tobacco business. Mother Sparsh, known for eco-friendly baby care products, could complement ITC's existing personal care offerings. While the immediate financial impact may be limited, the acquisition positions ITC in the growing Indian baby care market.
20May 25
ITC Ltd to Announce Q4 and FY25 Results on May 22, Board to Consider Final Dividend
ITC Ltd will release its Q4 and full fiscal year 2025 results on May 22, 2025. The board will also consider the final dividend for FY25 during this meeting. The company has closed the trading window for designated persons until 48 hours after the results announcement. In Q3 FY25, ITC reported a 7.3% YoY decline in consolidated net profit to ₹5,013.18 crore, while total income grew 8.5% to ₹20,945.82 crore.
ITC Exits Delectable Technologies: Strategic Divestment Announced
ITC Limited has announced the complete divestment of its shareholding in Delectable Technologies. While financial details were not disclosed, this move appears to be part of ITC's strategy to optimize its investment portfolio and focus on core business areas. The divestment could potentially free up capital for other investments or strengthen ITC's balance sheet. This decision reflects ITC's ongoing efforts in strategic portfolio management and adaptability in a dynamic business environment.
23Apr 25
ITC Shares in Focus: 2.06 Million Shares Change Hands in Block Deal
A significant block trade of approximately 2.06 million shares of ITC Ltd. occurred on the National Stock Exchange (NSE). The shares were traded at ₹429.60 per share, totaling a transaction value of ₹88.41 crores. While the identities of the buyer and seller remain undisclosed, such large transactions often indicate institutional activity or major stakeholder movements.
17Apr 25
ITC Ltd. Sees Significant Block Trade: 510,118 Shares Change Hands on NSE
A significant block trade of approximately 510,118 shares of ITC Ltd. occurred on the National Stock Exchange (NSE). The transaction was executed at Rs. 422.65 per share, totaling Rs. 21.56 crores. This large trade highlights ongoing investor interest in the diversified conglomerate, which operates in sectors including FMCG, hotels, paperboards, agri-business, and IT.
16Apr 25
Goldman Sachs and GQG Partners Boost Stakes in ITC
Goldman Sachs has raised its stake in ITC Limited from 3.08% to 3.47%, while GQG Partners has increased its holding from 1.87% to 1.96% during the fourth quarter. This move by two prominent institutional investors signals enhanced market confidence in ITC's diversified business model and growth potential.