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The Latest Breaking News from ITC

ITC expects Aashirvaad brand to double consumer spends to Rs 20,000 crore in 5 years

ITC's Aashirvaad brand expects consumer spending to double to twenty thousand crore rupees. This growth will occur over the next five years as the brand expands. The company is strengthening its core atta business and entering new food categories. These adjacencies include ready-to-cook foods and frozen snacks for wider appeal.…

The Economic Times

Largecap safety trade? 8 Nifty stocks test investor patience with losses for two years

Over the past two years, eight Nifty stocks have experienced declines, with notable IT giants like TCS and Infosys pressured by shifts in client spending patterns. Additionally, Tata Motors faced a dip due to difficulties at Jaguar Land Rover, while valuation worries plagued Trent, alongside ITC's tax complications. Nevertheless, a…

The Economic Times

ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong

Kotak Securities estimates ITC’s tobacco business is valued at just 11X forward earnings, suggesting potential undervaluation. The brokerage sees stronger growth in non-tobacco businesses and believes splitting ITC’s tobacco and non-tobacco operations could unlock significant shareholder value.

The Economic Times

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Protein Mini Scooper: Small packs, big push to make nutrition affordable

Companies are introducing smaller, affordable protein food packs to boost consumption. These convenient options cater to discerning Indian consumers seeking more protein. Brands are making protein-rich foods accessible through smaller formats and lower entry prices. Even naturally protein-rich foods are being packaged in smaller, economical portions. This market shift prioritizes…

The Economic Times

Sensex falls 417 points, Nifty closes below 23,900 as market erases all morning gains. What lies ahead?

Indian stock markets faced a downturn on Thursday, marking a continuation of prior losses. Both the Sensex and Nifty slipped, largely influenced by the fluctuations in oil prices and bond yields. Major corporations like Titan and ITC reported notable share price declines. Contrarily, the broader market displayed resilience, as small…

The Economic Times

Happiest Minds stake sale: At 82, Ashok Soota’s next act is a ₹1,330 cr healthcare push

Ashok Soota is selling a significant stake in Happiest Minds Technologies for Rs 1,330 crore. These funds will support his medical research and healthcare ventures. ITC Infotech will acquire the stake as part of a merger plan. The combined entity aims for a USD 1 billion turnover by FY28. Soota…

The Economic Times

Happiest Minds rules out job cuts after merger with ITC Infotech

Addressing a press conference after the merger announcement, top executives of the Bengaluru-based firm said that the ITC leadership has specifically stipulated the continuity of the entire workforce and leadership team. The management highlighted that both companies are currently operating at high utilisation levels - ITC Infotech at 83-84% and…

The Economic Times

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ITC shares rise 5%; Happiest Minds falls 8% after FMCG major acquires IT firm. What shareholders must know

ITC shares rose, while Happiest Minds fell, after ITC Infotech announced plans to acquire and merge with the Bengaluru-based IT services firm. ITC Infotech will first buy a 22.1% stake from founder Ashok Soota for Rs 1,330 crore, followed by a share swap. After the merger, ITC will hold 73.4%…

The Economic Times

ITC Infotech to acquire 22.1% stake in Happiest Minds for Rs 1,330 crore; firms to merge

ET had first reported on March 20 about ITC Infotech potentially looking to pick a stake in Happiest Minds. On August 29, ET reported details of the proposed transaction, including a merger through a share swap that will effectively result in the backdoor listing of ITC Infotech.

The Economic Times

The Grand Old Men of Dalal Street: Top stocks that survived the Raj

India Independence Day 2026: India’s oldest listed companies offer a rare window into the evolution of Indian business, markets and capitalism. From Bombay Burmah Trading Corporation, founded in 1863, to Balmer Lawrie, Bombay Dyeing, Britannia, ITC, Tata Steel, Kirloskar Brothers and Century Textiles, these vintage stocks survived colonial rule, Independence,…

The Economic Times

Retail investors make Rs 18,000 crore bold contra bet on 6 falling bluechip stocks. Will it pay off?

In a bold move, retail investors invested a whopping Rs 18,000 crore in six blue-chip stocks that were on a downward trend. They scooped up shares of Infosys, Reliance Industries, TCS, Wipro, HCL Technologies, and ITC during the June quarter. While retail players flocked to these tech stocks, institutional investors…

The Economic Times

Prospective Legal Challenges to Trump's Section 338 Tariffs Against Canada

A guest post by Georgetown legal scholars Peter E. Harrell and Jennifer Hillman.

Reason

ITC's Sanjiv Puri says CPP acquisition marks 'defining milestone' for paper business

In a social media post, Puri welcomed the CPP workforce to ITC, saying the integration brings together two enterprises with a shared commitment to excellence, innovation, competitiveness and sustainable value creation.

The Economic Times

West Asia conflict adds fresh cost pressures for India Inc

A prolonged conflict in West Asia is making it harder for companies to manage costs as volatility in commodity prices, freight rates and currencies disrupts planning. Firms including AWL, Parle, Blue Star, ITC, Tata Consumer Products and Dabur warned of margin pressure, further price hikes and weaker discretionary demand.

The Economic Times

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The Economic Times

Rub-off effect? Godfrey Phillips shares jump 6% after rival cigarette maker ITC's Q1 earnings

Godfrey Phillips shares rallied on Monday after ITC's June-quarter earnings and upbeat brokerage commentary lifted sentiment across the cigarette sector. Analysts believe the worst of the tax-led disruption may be over, although some remain cautious about margin recovery, pricing and the impact of illicit cigarette competition

The Economic Times

Nifty Q1 earnings grow 11% to beat estimate, says Motilal Oswal; picks Bharti Airtel, SBI, ICICI Bank among top bets

Nifty companies have posted a stronger-than-expected start to Q1 earnings, with profits of 39 reporting constituents rising 11% YoY, beating Motilal Oswal’s 7% estimate. Reliance Industries, JSW Steel, ICICI Bank, Bajaj Finance and Axis Bank drove 59% of incremental earnings growth, while InterGlobe Aviation, ITC, Dr Reddy’s, Cipla and Maruti…

The Economic Times

Why did market rise today? Sensex surges 540 points, Nifty tops 24,770. 6 key factors fueling Rs 5 lakh crore rally

Indian stock markets experienced a significant surge on Monday. Nifty and Sensex indices both closed higher after positive news emerged. President Donald Trump's statement on Iran talks boosted investor sentiment considerably. Major companies like IndiGo, Infosys, and TCS saw substantial share price increases. Broader market indices also reflected the overall…

The Economic Times

ITC shares gain 3% after Q1 results. Here’s why Nomura upgraded the stock to Buy

ITC share Price: ITC shares rose 2% after the FMCG major reported June-quarter results, despite a 27% YoY decline in standalone net profit. Revenue grew 28%, while Nomura upgraded the stock to Buy, citing an attractive risk-reward profile and potential recovery in cigarette profitability. ITC also warned that imported inflation,…

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The Economic Times

Stocks in news: Maruti Suzuki, ITC, ZEE, Persistent Systems, and Muthoot Finance

Markets extended their winning streak on Friday, supported by encouraging quarterly business updates. Nifty strengthened its bullish structure by surpassing the 200-day EMA, positioning for further gains. ITC reported a net profit drop while revenue rose, and Maruti Suzuki saw a net profit decline. Sun Pharma reported net profit growth,…

The Economic Times

Indian cigarette makers ITC, Godfrey Phillips, VST Industries see revenue and profit decline after tax hike

Leading Indian cigarette firms reported revenue and profit declines in the recent quarter. This downturn followed significant government tax increases on tobacco products. ITC, Godfrey Phillips India, and VST Industries experienced reduced sales volumes. Companies adjusted pricing strategies to mitigate the impact of the new tax regime. The revised tax…

The Economic Times

ITC Q1 Results: Standalone profit falls 27% YoY to Rs 3,579 crore, but revenue grows 28%

ITC's net profit declined twenty-seven percent year-on-year for the first quarter. Revenue from operations, however, saw a significant twenty-eight percent increase during the same period. This financial performance covers the April to June quarter of the fiscal year twenty twenty-seven. The company's standalone net profit stood at rupees three thousand…

The Economic Times

Stocks in news: Maruti Suzuki, ITC, Vedanta, Swiggy, RIL

Indian markets traded in a narrow range, settling marginally higher with mixed cues. Maruti Suzuki, ITC, and Vedanta shares are in focus due to various news developments. Sun Pharma and Bajaj Finserv will announce their first quarter results today. Tata Steel reported a fifteen percent rise in its net profit…

The Economic Times

ITC Q1 Preview: Will cigarette tax shock drag profit lower despite FMCG strength?

ITC is expected to report a weak Q1FY27 as the first full-quarter impact of the new cigarette tax regime weighs on volumes and profitability. While the FMCG business is likely to deliver healthy growth, brokerages expect pressure from cigarettes and the agri segment to drag overall revenue, EBITDA and profit.

The Economic Times

ITC eyes Rs 8 lakh crore FMCG opportunity by 2035, bets on AI and acquisitions

ITC expects its addressable FMCG market to expand to around ₹8 lakh crore by 2035 and aims to strengthen its position through brand building, AI-led consumer insights, omnichannel expansion and strategic acquisitions, Chairman and MD Sanjiv Puri said at the company's AGM.

The Economic Times

IPO-bound Zetwerk faces counterclaims in escalating US trade secret dispute

The ITC complaint, filed on July 16, names Zetwerk Manufacturing Businesses, Zetwerk Manufacturing USA, and subsidiaries Unimacts Global and KRYFS Power Components. It alleges violations relating to imports and US sales of transformers and components, and seeks orders restricting their import, marketing, and sale.

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