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ITC Hotels Demerger: Shareholders to get 1 share of ITC Hotels for every 10 shares of parent company

After the demerger is completed following approval from shareholders, creditors, stock exchanges, Sebi, NCLT and other regulatory authorities, ITC is likely to get the new stock listed on stock exchanges in another 15 months. ....

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ITC Q1 results: Profit up 18% to Rs 4,903 crore; sales down 7%

ITC said revenue for the quarter stood at Rs 16,995.40 crore, down 7.23 per cent YoY over Rs 18,320.16 crore in the same quarter last year. ....

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ITC Q1 Preview: PAT may rise 15% YoY despite muted sales; cigarette ops show steady growth

The higher growth in the profit despite a muted topline is primarily due to ITCs higher dependence on the cigarette business. Despite a scale-up in the FMCG business, cigarettes constitute close to 70% of ITCs profit and about 45% of its revenue. ....

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