ITC Ltd. is a cigarette manufacturing company, having a market capitalization of worth Rs.2,55,962.42 Cr as of 16 April 2021. The company was incorporated in 1910. The company has reported its consolidated quarterly revenue of Rs.12,580.40 Cr as of December 2020. You can find this company listed on the Bombay Stock Exchange (BSE) with the code 500875 and National Stock Exchange (NSE) with the symbol ITC.
Headquartered in Kolkata, the company was formed with the sole business of selling tobacco products. Now it is present in the market with a massive variety of Cigarettes and a wide range of FMCG, Hotels, Packaging, etc. Having completed its 100 years in 2010, it had an annual turnover of US$10.74 billion as of 2019–20.
“ITC Limited” was initially named “Imperial Tobacco” and was later renamed 'Imperial Tobacco Company of India Limited'. On 27 July 2020, ITC acquired 100 per cent of the equity share capital of Sunrise Foods in a 2150 Cr deal. Though the first sixty years of the company's business were majorly focused on the growth and consolidation of cigarette and leaf tobacco businesses, today, it operates its business in spheres like packaging, food, personal care, hospitality, safety matches, incense sticks, stationery items and information and technology. The company has its wholly-owned subsidiaries, namely Sunrise Sheetgrah Private Ltd, Hobbits International Foods Pvt Ltd and ITC Infotech India Limited. The company majorly manufactures Cigarettes, Bidis in India, under brands like Wills Navy Cut, Gold Flake Kings, Gold Flake Premium lights etc. The company is also India's largest seller of branded foods with over Rs. 4,600 crore in 2012–13. Some of the popular food brands of the company are Aashirvaad, Bingo!, Sunfeast, Sunrise Foods, Kitchens of India, Sunfeast YiPPee!, B Natural, mint-o, Candyman, Fabelle, Sunbean, Sunfeast Wonderz Milk, ITC Master Chef, Farmland. ITC's Personal Care brands include perfumes, haircare, and skincare categories under the brands Fiama Di Wills, Vivel, Savlon, and Engage. The company sells products like speciality paper, graphics, and other paper by the ITC Paperboards and Specialty Papers Division like Classmate products of the company, renowned for their quality. ITC's Packaging and Printing division operates manufacturing facilities at Haridwar and Chennai and services domestic and export markets. The company has also started manufacturing Dairy Products under the Brand name Sunfeast Wonderz Milk, flavoured milk. Its safety matches like Ship and Aim and incense sticks, namely Mangaldeep, are popular among the customers.Read More