PRASUMA
Cigarettes to get costlier: ITC hikes Gold Flake Premium prices for the second time this year; here's how much a pack will now cost
ITC Ltd has raised the price of its Gold Flake Premium cigarettes by Rs 10 per pack, taking the MRP of a 10-cigarette pack to Rs 135 from Rs 125. This is the second price increase for the brand in 2026, following a hike in June. The revision comes as cigarette makers face higher taxes and pressure on legal market volumes, while ITC looks to expand its FMCG and other non-cigarette businesses.
Digital brands, premium FMCG to drive ITC's growth ambitions
Amid challenges in its cigarettes business, ITC is focusing on expanding its non-cigarette offerings. The FMCG segment has shown significant growth, leading to an improved product mix and margins. Digital-first brands such as Yoga Bar and Prasuma have also reported strong revenue increases. The paperboard and agri businesses are benefiting from rising demand and exports of value-added products.
ITC flags illicit trade pressure on cigarettes; digital-first businesses grow over 70%
ITC Ltd has reported a significant increase in its digital-first and organic FMCG portfolio, achieving over 70% year-on-year growth. However, the company is facing considerable pressures due to rising illicit cigarette trade and increased taxation impacting legal volumes. The fresh food segment has also expanded significantly, reflecting ITC's focus on organized markets. Additionally, challenges in West Asia have disrupted agricultural exports, although value-added products showed better performance.
ITC Q2 Results: Profit falls 18% to Rs 4,229 crore, revenue rises 5%
ITC Q2 Results: ITC Ltd reported an 18.5% decline in consolidated net profit for the September quarter on Monday as a sharp fall in earnings from its cigarette business weighed on overall profitability despite strong growth in its FMCG, agriculture and paper businesses.
AI jitters continue to hit IT; USV Pharma buys Wellbeing stake
IT stocks slid sharply Thursday on rising fears of AI-led disruption. Here’s more in today’s ETtech Top 5:
Marico to acquire majority stake in protein supplement brand Cosmix valuing it at Rs 375 crore
Marico will acquire a 60% stake in plant-based nutrition brand Cosmix, valuing the startup at Rs 375 crore. Founded in 2019, Cosmix is bootstrapped, Ebitda positive, and targets to clock Rs 100 crore revenue in FY26. The deal will strengthen Marico’s digital-first wellness portfolio.
- Go To Page 1
ITC has much food for thought: Co pitched big growth in its packaged foods biz, but numbers tell otherwise
India's largest cigarette maker ITC is experiencing a slowdown in its food business. Market share has flattened or declined in biscuits, western snacks, and juices. The company is investing in new launches and acquisitions to boost its portfolio. This comes as cigarette taxes increase, impacting sales. ITC aims for a diversified FMCG presence.
ITC lines up Rs 20,000 crore capex, aims to improve FMCG margins
ITC will invest twenty thousand crore rupees across businesses. This investment will occur over the medium term. The company recently established eight manufacturing plants. These plants focus on FMCG, sustainable packaging, and agricultural products. ITC incurred forty-five hundred crore rupees in capital expenditure in the past two years. Sanjiv Puri addressed shareholders at the company's annual general meeting.
GQG raises stake in ITC to 3.47% by buying 4.9 crore shares in March quarter
In Q4, mutual fund holdings in ITC remained steady at 12.87%, while foreign institutional investors (FIIs) slightly reduced their stake from 40.17% to 39.87% quarter-on-quarter. Additionally, the number of FII investors declined significantly, dropping from 1,675 to 974 during the March quarter.
Urgent need to fast-track trade pacts, but be very cautious on tariffs, says ITC chairman Sanjiv Puri
ITC Chairman Sanjiv Puri has urged expedited bilateral economic pacts and free trade agreements to expand India's competitive edge amid global trade uncertainties. He has cautioned against potential dumping from countries facing tariffs and emphasised the need for agile monitoring.
ITC shares in focus after completing Rs 131 cr acquisition of Ample Foods
ITC shares: ITC has acquired a 43.75% stake in Ample Foods Private Limited for Rs 131 crore, strengthening its position in the fast-growing frozen and ready-to-cook food market. The deal, completed without regulatory hurdles, brings brands like Prasuma and Meatigo under ITC's umbrella, aligning with its strategy to expand its value-added foods portfolio in the Rs 10,000 crore+ segment.
After Temasek, Haldiram set to add a dash of Alpha Wave to investor mix, to sell 6% for Rs 5160 cr
Sheikh Tahnoon bin Zayed's Alpha Wave Global plans to acquire a 6% stake in Haldiram Snacks Food for approximately $600 million. This potential investment, following Temasek's recent acquisition of around 9%, would result in a 15% promoter dilution, making it the largest private equity consumer deal in India.
ITC looking to spice up South India with a $1.4bn MTR deal: Report
Indian conglomerate ITC Ltd. is in early talks to acquire MTR Foods and Eastern Condiments from Orkla ASA for $1.4 billion. The acquisition would strengthen ITC's presence in the South Indian food market and expand its footprint in the spices and ready-to-cook food segments.
ITC needs to step up FMCG play amid high costs, falling margins
ITC’s multi-business structure helped achieve an 8% revenue increase in the December quarter despite sluggish profitability, mainly due to rising raw material costs. However, the profitability of its non-cigarette FMCG business remains low, and future growth faces challenges such as potential business demergers and competition from imports.
ITC to acquire Prasuma, expanding footprint in frozen, ready-to-cook foods
Prasuma now has a presence in 100+ cities across all online, and offline channels and cloud kitchens. Its direct-to-consumer channel “Meatigo by Prasuma” offers a curated selection of exclusive products, delivered within 30 minutes across major cities in India.
ITC shares drop 2% after Q3 PAT declines 7% YoY. Should you invest?
ITC reported a 7% decrease in net profit for Q3 of FY25, despite an 8% rise in revenues. The company saw revenue growth in its cigarette, hotel, FMCG, and agri-business segments, but faced challenges in the paperboard segment with low-priced competition.
Vegetarian frozen foods are getting more shelf space as demand rises
Frozen food makers in India are pushing more vegetarian options as demand has increased across the country’s geographies for such snacks. According to Godrej, which recently released a report on India's snacking patterns, both non-vegetarian and vegetarian snack consumption has increased across all geographic zones. Nearly 45% of respondents said that they were consuming more vegetarian frozen snacks, with 34% said preferring non-vegetarian products. The continued growth of India’s cold chain infrastructure amid rapid modernisation is underpinning the growth in the availability of both veg and non-veg frozen foods.
Hot trends set to break more ice for India's frozen food industry in 2023
Ready-to-eat (RTE) and convenience foods have gained increasing traction among the rising working population. This trend is especially growing among new-age partners where both individuals are busy and prefer quick, easy, nutrient meals for the family. Yet another trend shaping the frozen food ecosystem is its ubiquity.
Women's Entrepreneurship Day: 4 lady bosses from Indian startups on how to slay the challenges and what’s the reality
For sure, India has come a long way with empowerment of women. However, the sixth economic census by the Ministry of Statistics and Programme Implementation showing women comprise just 13.76% of the total entrepreneurs in India is nothing to write home about. This is just 8.05 million out of the total 58.5 million entrepreneurs.
Why companies like Sri Krishna Sweets, Hazoorilal Legacy are upgrading their online presence
Premium jewellery retailer Hazoorilal Legacy launched its ecommerce portal after 68 years of being present offline. The online boutique was launched in October and is currently shipping to Mumbai and Delhi NCR at no added cost to the customer.
Restaurants hit in June quarter as prices of meat rise by 45 per cent due to ban on cattle trading
While supplies fell by about 75 per cent, prices shot up by 30-45 per cent, according to restaurants, fresh trade suppliers and processed food companies selling lamb, mutton and bacon.
Load More
