BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
ITC Ltd. is the biggest cigarettes and second largest fast moving consumer goods company in India with ~78% market share in cigarettes and presence in staples, biscuits, noodles, snacks, chocolate, dairy products and personal care products.
The company is also present in paperboard, printing and packaging business with revenues of Rs 4549 crore, agri business with Rs 8001 crore.
ITC has more than 200 manufacturing facilities in India. It has a distribution reach of over 6.6 million retail outlets across various trade channels and strong 25 brands across various categories
We recently attended ITC’s analyst meet. The management reiterated its strategies and focal points. Key highlights-
Legal cigarettes constitute 8% of tobacco consumption and 80% of taxes.
FMCG business includes 25 plus mother brands across foods, personal care and stationary products categories.
Hotels capex would be limited to ongoing expansions; open to mergers and acquisitions in FMCG and Infotech business.
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