ITC - Strategy Refresh To Build Investor Confidence: Centrum Broking

ITC - Strategy Refresh To Build Investor Confidence: Centrum Broking

A packet of of India Kings, a cigarette brand made by ITC. (Photographer: Amit Bhargava/Bloomberg News)

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.

Centrum Broking Report

In its first-ever analyst interaction, ITC Ltd. showcased its strategy refresh focusing on ITC Next growth drivers for various business verticals. We believe such interactions are a step towards transparency and will enhance investor confidence.

We note that its growth strategy has a lot of substance and will enable ITC to become a future-ready organisation by banking on advanced technology and enhanced digital capability, driving growth as well as cost competencies.

Focus on agility and consumer-centric innovations using disruptive technology will improve speed to market and deliver superior profitability.

Further, improved disclosures on environmental, social and governance and sustainability agenda (pointed by us in our previous report) should now warm up investors, who have otherwise remained fence sitters.

We firmly believe that ITC is far below its fair and will significantly outperform its peers.

Click on the attachment to read the full report:

Centrum ITC Company Update.pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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