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ITC rises on aiming to garner Rs 1 lakh crore revenue from FMCG products

17 Mar 2015 Evaluate

ITC is currently trading at Rs. 337.55, up by 2.05 points or 0.61% from its previous closing of Rs. 335.50 on the BSE.

The scrip opened at Rs. 339.00 and has touched a high and low of Rs. 340.45 and Rs. 336.50 respectively. So far 276266 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 409.70 on 28-Feb-2015 and a 52 week low of Rs. 312.40 on 23-Jun-2014.

Last one week high and low of the scrip stood at Rs. 349.90 and Rs. 335.00 respectively. The current market cap of the company is Rs. 270391.57 crore.

The institutions and non-institutions held 55.58% and 44.17% stake in the company, respectively.

ITC is in the process of setting up 20 factories for its FMCG products as it aims to garner Rs 1 lakh crore revenue from that business alone by 2030. In the previous fiscal, the diversified conglomerate’s revenue from FMCG including cigarettes stood at Rs 23,555 crore.

The company’s FMCG business includes cigarettes, foods, lifestyle retailing, personal care, education & stationery, safety matches and agarbattis.

Peers
Company Name CMP
ITC 268.55
Godfrey Phillips Ind 1875.00
VST Industries 200.95
Indian Wood Products 38.67
NTC Industries 137.00
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