Leading FMCG player ITC expects a surge in the festive demand this season after the GST rate cut, and reduced prices will have a multiplier impact on volumes for the packaged food industry, a senior company official said. However, the FMCG major is also cautious about the existing inflation on some products, its Executive Director and Divisional Chief Executive of the Foods Business Division, Hemant Malik, said. ITC, which owns popular brands as Aashirvaad, Sunfeast, Bingo!, and B Natural, has already passed on the benefits of the GST rate cuts applicable from September 22, and expects a boost in consumption and investment as well as a multiplier impact on the economy. "A lot of expenditure by consumers is also driven by sentiment. When the message reaches consumers that prices have come down, it does allow people to open their purses. Once that happens, it is a multiplier impact in terms of volume increase It has a multiplier impact on the economy, both from the aspect of employme

Number of MF schemes decreased from 51 to 45 in Jun 2025 qtr

ITC Ltd.

24 Sep 2025

396.80

-0.61%

Hospitality body seeks 5% GST with 50% ITC on hotel rooms under 7,500

Business Standard

HRAWI urges GST reforms proposing 5 per cent GST with 50 per cent ITC or 18 per cent GST with full ITC on hotel rooms under 7,500 to balance growth and consumer benefits

ITC Ltd. is trading below all available SMAs

ITC Ltd.

19 Sep 2025

396.80

-0.61%

ITC chief calls for business models that are people, planet centric

Business Standard

ITC Ltd chairman and managing director Sanjiv Puri on Friday said that there is a need to create business models that put people and the planet at the centre, as enterprises have a social role to play. Speaking at an event of the Merchants' Chamber of Commerce and Industry (MCCI) here, Puri said that the "challenges are daunting because we are living in a very different world". "There is a need to reimagine how we do business in future with a focus on innovation, sustainability, resilience and skilling. And we need to create business models that put people and the planet at the centre", he said. Puri said circularity is a trend that is picking up. Regenerative business models would come in, and that is an opportunity because things will be created from scratch, he said. "Digitisation and digital transition in the services economy is a reality, and India has a big advantage. Also, resilience in the supply chain is important," Puri said. Investments in innovation and R&D are equall

Number of MF schemes decreased from 51 to 45 in Jun 2025 qtr

ITC Ltd.

16 Sep 2025

396.80

-0.61%

Srinivas Phatak: From ITC To HUL And Now Unilever Permanent CFO Tracing His Career

NDTV Profit

The Indian CFO is a qualified Chartered Accountant and Cost Accountant. He began his career with the ITC Ltd. in 1996.

ITC Ltd. has an average target of 508.62 from 8 brokers.

ITC Ltd.

12 Sep 2025

396.80

-0.61%

ITC, PepsiCo, PE giants vie for 10% stake in Balaji Wafers at 40,000 cr

Business Standard

Balaji Wafers, known for its strong presence in western and central India, reported over 5,400 crore revenue in FY24, making it a top target for investors eyeing the snacks market

Number of MF schemes decreased from 51 to 45 in Jun 2025 qtr

ITC Ltd.

04 Sep 2025

396.80

-0.61%

Explained: Why ITC shares jumped after GST overhaul hit cigarettes

Economic Times

ITC Limited shares experienced a surge following the government's GST revision. The GST Council is streamlining tax slabs, potentially benefiting ITC. Brokerages predict a possible reduction in ITC's tax burden. A new 40% tax slab is proposed for certain goods. Experts believe this shift could lower prices and boost competitiveness against illicit markets.

ITC Ltd. is trading below all available SMAs

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