ITC Ltd (ITC.NS)
18 Aug 2017
Thu, Jul 27 2017
July 27 Cigarettes-to-biscuits maker ITC Ltd reported a 7.4 percent increase in quarterly profit, helped by higher sales from its cigarettes segment.
* June quarter profit 25.61 billion rupees versus profit of 23.85 billion rupees last year
July 18 India's benchmark BSE index fell 1.1 percent, posting its biggest daily percentage drop this year and retreating from a record high in the previous session, as ITC Ltd slumped after the government raised a special duty on cigarettes.
July 18 Indian shares fell on Tuesday from record highs hit in the previous session as the country's biggest cigarette maker and index heavyweight ITC Ltd plunged after the federal government increased tax on cigarettes.
July 3 Indian shares rose nearly 1 percent on Monday, heading for a third straight session of gains as consumer goods makers such as ITC Ltd surged on hopes the newly implemented goods and services tax (GST) would reduce retail prices and boost sales.
May 26 Diversified consumer company ITC Ltd posted a 12 percent growth in March-quarter profit as its biggest segment, cigarettes, witnessed growth in sales.
* Consensus forecast for March quarter net profit was 27.06 billion rupees
* ITC Ltd consensus forecast for March quarter net profit was 27.06 billion rupees
BRIEF-ITC approves alteration of objects clause of memorandum of association to include "Healthcare"
* Says approved alteration of objects clause of memorandum of association of co to include "Healthcare" Source text: (http://bit.ly/2mzwyAg) Further company coverage: