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itc limited-spons gdr (ITCTY) Snapshot

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itc limited-spons gdr (ITCTY) Details

ITC Limited, together with its subsidiaries, engages in the fast moving consumer goods, hotels, paperboards and specialty papers, packaging, agri-products, and information technology businesses in India and internationally. It primarily offers cigarettes and cigars; staples, spices, snack and ready to eat foods, and bakery and confectionery products; personal care products; education and stationery products; safety matches; and agarbattis under various brand names. The company also retails formal, casual, sports, party, evening, and designer wear; denims; and accessories through Wills Lifestyle and John Players stores. It operates 104 Wills Lifestyle stores, and approximately 500 shop-in-shops in departmental stores, regional chain stores, and multi-brand outlets; and 400 John Players stores and 1600 multi-brand outlets and departmental stores. In addition, the company provides packaging, specialty, papers, and graphic boards; communication, writing, printing, and specialty paper products; and carton board, flexible, and tobacco packaging products, as well as operates approximately 100 hotels under the ITC Hotel, WelcomHotel, Fortune, and WelcomHeritage names. Further, it exports feed ingredients, food grains, marine products, processed fruits, coffee, leaf tobacco, and spices; and provides information technology services and solutions to various industries. Additionally, the company operates e-Choupal that offers real-time information on weather, market prices, agricultural practices, etc.; Choupal Pradarshan Khets program, which provides services and training; and Choupal Saagar, a rural services hub. It also provides property infrastructure maintenance services; develops and manages golf resorts; develops land and hotel; distributes cigarettes; produces and commercializes seed potato technology; and constructs food processing facility. The company was incorporated in 1910 and is based in Kolkata, India.

25,787 Employees
Last Reported Date: 06/23/15
Founded in 1910

itc limited-spons gdr (ITCTY) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: 129.6M
Chief Financial Officer
Total Annual Compensation: 14.0M
Divisional Chief Executive Officer of Hotels ...
Total Annual Compensation: 21.6M
Divisional Chief Executive of Paperboards & S...
Total Annual Compensation: --
Divisional Chief Executive of Agri Business, ...
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

itc limited-spons gdr (ITCTY) Key Developments

ITC Limited - Shareholder/Analyst Call

Annual General Meeting

ITC Limited Reports Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2015

ITC Limited reported unaudited standalone earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported net sales/income from operations of INR 85,055.3 million compared to INR 91,882.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 31,276.8 million compared to INR 29,935.4 million a year ago. Profit from ordinary activities before tax was INR 34,322.3 million compared to INR 33,484.0 million a year ago. Net profit for the period was INR 22,654.4 million compared to INR 23,611.6 million a year ago. Diluted profit per share was INR 2.80 compared to INR 2.93 a year ago.

ITC Lays Off 40 Senior and Midlevel Managers from Several Departments

ITC has fired around 40 senior and midlevel managers from several departments over lack of satisfactory performance at a time when it faces pressure on revenues. ITC has been under pressure with regards to volumes of its cigarette sales. Its agri and paper business were also impacted. The excise duty on cigarettes saw hikes in the last two budgets, possibly impacting demand as the company had passed on the higher costs to consumers.


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