ITC Ltd. News, Corporate filings and Earnings/Conference Calls

Name: Latest research reports of ITC Ltd. authored by KRChoksey and published by - Trendlyne research reports.
Item: ITC Ltd.
Rating: 5
Author: KRChoksey

Keep track of all breaking news and updates on ITC Ltd. from all sources in a single place.

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ITC Ltd.

12 Feb 2025

403.95

0.22%

Dividend stock 2025: ITC share price dips on record date. Do you own?

livemint

ITC shares fell over 2% as they traded ex-date and ex-record for the interim dividend on February 12, 2025.

ITC Ltd. has lost -20.52% in the last 6 Months

ITC Ltd.

11 Feb 2025

403.95

0.22%

ITC share price dips ahead of trading ex-date for 6.50 per share interim dividend

livemint

In the past five days, the ITC stock has fallen by approximately 6 per cent, while over the last month, it has declined by 3 per cent.

Number of FII/FPI investors increased from 1668 to 1675 in Dec 2024 qtr.

ITC Share Price Drops To Seven-Month Low Ahead Of Ex-Dividend

NDTV Profit | 11 Feb 2025

ITC Ltd.

11 Feb 2025

403.95

0.22%

Cigarette growth supports revenue; Margin challenges persist

Buy: ITC Ltd.

Target

KRChoksey

For Q3FY25, ITC’s revenue grew 9.1% YoY (-5.5% QoQ) to INR 203,500 Mn, largely in line with our estimates (-1%). EBITDA increased 2.4% YoY (-2.9% QoQ) to INR 63,619 Mn, missed our estimates due to higher-than-expected operating expenses. EBITDA margin contracted by 226bps YoY (+108bps QoQ) to 33.9%.

ITC Ltd. has an average target of 529.88 from 9 brokers.

ITC Ltd.

08 Feb 2025

403.95

0.22%

ITC doubles down on frozen foods business; plans to acquire Prasuma for Rs 300 crore

Business Today

According to Hemant Malik, Wholetime Director, ITC, the addition of Prasuma into ITC's portfolio will help it build a full stack of frozen and ready-to-cook foods portfolio. The move aligns with its ITC Next strategy coined by its Chairman Sanjiv Puri.

Number of MF schemes decreased from 443 to 432 in Dec 2024 qtr

ITC among 39 stocks nearing ex-dates for dividends, bonus, splits next week. Do you own any?

Economic Times | 08 Feb 2025

ITC Ltd.

07 Feb 2025

403.95

0.22%

Beat in cigarette volume; FMCG remains muted

Buy: ITC Ltd.

Target

Motilal Oswal

ITC delivered consolidated revenue growth (ex-hotel business) of 9% YoY (beat) in 3QFY25, mainly led by the cigarette business. EBITDA grew by 2% YoY to INR63.6b. APAT declined 7% YoY to INR48b.

ITC Ltd. has lost -20.52% in the last 6 Months

ITC Ltd.

07 Feb 2025

403.95

0.22%

Result Update:ITC

Buy: ITC Ltd.

Target

Axis Direct

With an upside potential of 16% from the CMP, we maintain our BUY rating on the stock.

Number of FII/FPI investors increased from 1668 to 1675 in Dec 2024 qtr.

ITC Ltd.

07 Feb 2025

403.95

0.22%

ITC (BUY): Managing inflation

Buy: ITC Ltd.

Target

BOB Capital Markets Ltd.

Sales were 3% higher vs consensus likely reflecting strong cigarette volumes. EBITDA was 5% below expectations due to inflation

Number of MF schemes decreased from 443 to 432 in Dec 2024 qtr

ITC Ltd.

06 Feb 2025

403.95

0.22%

ITC To Acquire Over 40% Stake In Frozen Food Brand Prasuma, Plans Full Takeover In Three Years

NDTV Profit

With the acquisition, ITC is set to become the first full-stack frozen foods brand.

ITC Ltd. is trading below all available SMAs

ITC signs definitive agreements to acquire Prasuma

Business Line | 06 Feb 2025 9 more

ITC Ltd.

06 Feb 2025

403.95

0.22%

ITC to acquire Prasuma, expanding footprint in frozen, ready-to-cook foods

Business Standard

Diversified conglomerate ITC Ltd has signed definitive agreements to acquire a 100 per cent stake in Prasuma, a leading brand in the frozen, chilled, and ready-to-cook foods segment, for greater footprint in the Rs 10,000 crore sector. The company announced on Thursday that by April 2027, it will invest around Rs 187 crore to acquire 62.5 per cent of Prasuma. The valuation for the remaining 37.5 per cent will be decided at a later date. The acquisition will be carried out in multiple tranches over three years. In the first phase, ITC will acquire a 43.8 per cent stake in Ample Foods Private Limited (AFPL), which owns the Prasuma brand, along with its subsidiary Chao Chao Foods Private Limited and its associate company Meat and Spice Private Limited (MSPL). The initial investment of Rs 131 crore will be made through a combination of primary subscription and secondary purchases, expected to be completed by March 2025. ITC's equity stake in Prasuma will subsequently increase to 62.5