The company's FMCG ' Others business has reported 4% YoY growth in revenue to Rs 5,418 crore in Q3 FY24, amidst muted demand conditions. The revenue from Cigarettes rose by 7.8% YoY to Rs 8,136 crore in the third quarter. Adjusted for excise duty/NCCD on sales, the revenue is higher by 8.1% YoY, mainly driven by growth in volumes. The Agri Business segment revenue increased by 9.7% YoY to Rs 3,351 crore, with significant growth contribution from Leaf Tobacco & value added Agri products. The company's Paperboards, Paper and Packaging Segment remains impacted due to low priced Chinese & Indonesian supplies in global markets including India, soft domestic demand conditions and unprecedented surge in wood prices. Segmental revenue for Q3 FY25 was Rs 2,144 crore, up 3.1% YoY. The Hotels business has recorded 14.6% YoY growth in revenue to Rs 922 crore. The business has been demerged into ITC Hotels Limited (ITCHL) w.e.f. 01 January 2025. ITCHL shares listed on stock exchanges on 29 January 2025. During the quarter, the company witnessed sharp cost escalation in key input materials (edible oil, wheat, potato, leaf tobacco, wood etc.) witnessed. EBITDA improved by 2.9% to Rs 6,197 crore in Q3 FY25 from Rs 6,024 crore in Q3 FY24. Profit before tax in Q3 FY25 stood at Rs 7,363 crore, up by 9.5% from Rs 6,725 crore in Q3 FY24. The company's board recommends interim dividend of Rs 6.50 per share for the financial year ending 31 March 2025. Separately, ITC said that it has signed definitive agreements for acquisition of Prasuma, a leading player in the frozen, chilled and ready to cook foods space in India. Prasuma, a specialist in oriental cuisine (viz. momos, baos, Korean fried chicken), high quality delicatessens and raw meats, etc., sells a wide assortment of 170+ products, backed by unparalleled innovation expertise in developing 'Good-for-You' products. This acquisition will further fortify ITC's presence in these future-facing categories, with current annual market size of over Rs 10,000 crore and poised for rapid growth in the years ahead. ITC will acquire 100% stake in Prasuma over a period of 3 years. The first tranche of 43.8% stake shall be acquired upfront and balance stake will be acquired, in tranches, by June, 2028, basis pre-defined valuation criteria and subject to other conditions as stated in the definitive agreements. ITC had entered the Frozen Foods market in 2019 under 'ITC Master Chef' brand. Within 5 years of launch, ITC Master Chef has grown rapidly and has established itself as one of the leading Frozen Foods brands. With the industry at an inflection point, this acquisition will help strengthen and expand ITC's presence in the aforesaid categories by gaining entry into high growth segments, viz. Pan Asian foods, Deli meats, etc. With the proposed acquisition, ITC will become the first full stack player in the segment with an unparalleled portfolio, offering meals and snacking options across multiple occasions throughout the day for the discerning consumer. ITC Master Chef and Prasuma shall also benefit from significant synergies through well designed institutional mechanisms and enablers. ITC is a diversified conglomerate with businesses spanning fast-moving consumer goods, hotels, paperboards and packaging, agribusiness and information technology. Powered by Capital Market - Live

Earnings Today: Mahindra & Mahindra, LIC, Mazagon Dock Shipbuilders, NHPC, Oil India, Wockhardt, 3M India, Archean Chemical Industries, AIA Engineering, Akzo Nobel India, Alembic, Alkem Laboratories, Astra Microwave Products, Balrampur Chini Mills, Balu Forge Industries, Borosil, Caplin Point Laboratories, Century Plyboards, Chemplast Sanmar, Cholamandalam Financial Holdings, Delhivery, Dreamfolks Services will declare their results later today. Stocks to Watch: ITC's consolidated net profit fell 7.5% to Rs 4934.80 crore in Q3 FY25 as compared with Rs 5335.23 crore in Q3 FY24. Net sales increased 8.9% YoY to Rs 18,580.36 crore in Q3 FY25. Bharti Airtel consolidated net profit soared 460.93% to Rs 16,134.6 crore in Q3 FY25 as against Rs 2,876.4 crore reported in Q3 FY24. Revenue from operations increased 19.07% YoY to Rs 45,129.3 crore in Q3 FY25, Hero Motocorp reported 1.3% increase in consolidated net profit to Rs 1,107.55 crore in Q3 FY25 as compared with Rs 1093.41 crore in Q3 FY24. Net sales jumped 4.8% YoY to Rs 10,259.89 crore in Q3 FY25. Britannia Industries' consolidated net profit increased 4.6% to Rs 581.69 crore on 6.5% jump in net sales to Rs 4,463.30 crore in Q3 FY25 over Q3 FY24. Zomato's board approved the change in the name from 'Zomato Limited' to 'Eternal Limited'. The company's corporate website will transition from zomato.com to eternal.com. It will also change its stock ticker from ZOMATO to ETERNAL. Dr Reddy's Laboratories' subsidiary, Dr. Reddy's Swiss and Shanghai Henlius Biotech have entered into a license agreement for an in-licensing deal to register and commercialize the subcutaneous and intravenous formulations of the biosimilar product, 'Daratumumab' developed by Henlius.Powered by Capital Market - Live

Net profit of ITC declined 7.51% to Rs 4934.80 crore in the quarter ended December 2024 as against Rs 5335.23 crore during the previous quarter ended December 2023. Sales rose 8.94% to Rs 18580.36 crore in the quarter ended December 2024 as against Rs 17054.87 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales18580.3617054.87 9 OPM %34.2436.41 - PBDT6952.046849.61 1 PBT6536.066465.57 1 NP4934.805335.23 -8 Powered by Capital Market - Live

ITC announced that the Board of Directors of the Company at its meeting held on 6 February 2025, inter alia, have recommended the interim dividend of Rs 6.5 per equity Share (i.e. 650%) , subject to the approval of the shareholders.Powered by Capital Market - Live

ITC Ltd is up for a third straight session today. The stock is quoting at Rs 459.35, up 2.65% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.46% on the day, quoting at 23399.15. The Sensex is at 77248.29, down 0.33%. ITC Ltd has slipped around 0.71% in last one month. Meanwhile, Nifty FMCG index of which ITC Ltd is a constituent, has slipped around 1.27% in last one month and is currently quoting at 56691.95, up 3.02% on the day. The volume in the stock stood at 170.9 lakh shares today, compared to the daily average of 158.93 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 460, up 3.58% on the day. ITC Ltd is up 10.33% in last one year as compared to a 7.07% jump in NIFTY and a 5.96% jump in the Nifty FMCG index.The PE of the stock is 27.19 based on TTM earnings ending September 24.Powered by Capital Market - Live

ITC has allotted 76,911 ordinary shares upon exercise of 76,911 Options by Optionees under the Company's Employee Stock Option Schemes. Consequently, with effect from 31 January 2025, the Issued and Subscribed Share Capital of the Company stands increased to Rs 1251,24,79,501/- divided into 1251,24,79,501 Ordinary Shares of Rs 1/- each.Powered by Capital Market - Live

ITC will hold a meeting of the Board of Directors of the Company on 6 February 2025.Powered by Capital Market - Live

The Board of ITC Hotels at its meeting held on 11 January 2025 has allotted 125,11,71,040 equity shares of Re 1/- each to the shareholders of ITC as on the Record Date i.e., 6 January, 2025, pursuant to the Scheme of Arrangement amongst ITC and ITCHL and their respective shareholders and creditors. Powered by Capital Market - Live

The demerger of ITC's hotel business became effective on January 1st. A special trading session was conducted today to determine the fair price of the newly independent ITC Hotels. The closing price of ITC shares was discovered at Rs 455, reflecting a 5.6% or Rs 27 decline from the previous day's closing price, following the special pre-open session. ' ITC Hotels will be maintained in all NSE and BSE indices at a constant price on the listing day and for the subsequent three trading days. If the stock encounters circuit limits, the exclusion from the indices will be delayed by two trading days each time. ' However, traders and investors will be unable to trade this placeholder version of ITC Hotels after the special pre-open session. Trading in the counter can commence only upon the official listing of the scrip on the exchanges. Under the demerger scheme, shareholders will receive one equity share of ITC Hotels for every 10 shares of ITC held, with ITC retaining a 40% stake in the newly demerged entity. The remaining 60% will be distributed among existing shareholders in proportion to their ITC holdings. ' The listing date for ITC Hotels shares has yet to be announced. ITC Hotels will operate with a debt-free balance sheet and intends to accelerate growth and explore selective inorganic opportunities. ITC Hotels is a leading chain with over 140 hotels across 90 destinations, encompassing six distinct brands. ITC is a diversified conglomerate with businesses spanning fast-moving consumer goods, hotels, paperboards and packaging, agribusiness and information technology. ITC's net profit rose 3.07% to Rs 4,917.45 crore in Q2 FY25 as against Rs 4,926.96 crore posted in Q2 FY24. Net revenue (excluding excise duty) was at Rs 19,150.32 crore in the September quarter FY25, up 16.81% from Rs 16,393.74 crore recorded in the corresponding quarter previous year. Powered by Capital Market - Live

ITC has acquired 2.44% of the share capital (comprising 1,52,32,129 equity shares of Rs 2/- each) of EIH and 0.53% of the share capital (comprising 34,60,829 equity shares of Rs 2/- each) of HLV, from Russell Credit, a wholly owned subsidiary of the company. Post such acquisition, the Company's shareholding in EIH and HLV aggregates 16.13% and 8.11%, of their paid-up share capital, respectively.Powered by Capital Market - Live