ITC Plans to Raise Cigarette Pack Prices by 8-10%: ET Now 3 days ago
ITC is planning to raise prices of its cigarette packs by 8-10%, as reported by ET Now. The price hike represents a significant upward revision in the company's cigarette portfolio pricing. No further details on the timeline or specific product categories were available in the source data.
ITC's Agri Operations Revenue Declines in Q4 on Deferred Sales Amid West Asia Conflict; Cigarette Tax Hike Poses Risk to Tobacco Segment
ITC's Agri Operations segment recorded a revenue decline in Q4, with the company attributing the shortfall to deferred sales arising from the West Asia conflict. Separately, ITC has cautioned that increased cigarette taxes could negatively impact tobacco industry revenue. These developments point to near-term challenges in both the agri and tobacco segments of the company's diversified business.
ITC Cigarette Sales Fall 20% in April-May as Price Hikes Weigh on Demand
ITC is experiencing a 20% drop in cigarette sales during April-May, with dealers attributing the decline to recent price increases across its portfolio. This includes the Gold Flake Superstar brand, whose retail price was revised upward from ₹70 to ₹79, reflecting broader demand sensitivity to price hikes in the Indian cigarette market.
ITC Plans Production Capacity Expansion for Luxury Chocolate Brand Fabelle
ITC has announced plans to increase production capacity for its luxury chocolate brand Fabelle over the next 15-18 months. This expansion initiative demonstrates the company's commitment to strengthening its position in the premium confectionery market and supporting growing demand for luxury chocolate products.
10Apr 26
Cigarette Sales Drop Sharply In East India During Mar-Apr, Affecting ITC
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.
ITC Ltd Records ₹16.62 Crore Block Trade on NSE at ₹293.10 Per Share
ITC Ltd recorded a notable block trade on NSE worth ₹16.62 crores, involving 567,029 shares at ₹293.10 per share. The transaction highlights institutional activity in the stock and provides insights into large investor sentiment. Block trades typically facilitate substantial share movements without disrupting regular market trading patterns.
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.