ITC

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ITC Agri Business Division is encouraging the cultivation of medicinal and aromatic plants to expand the conglomerate's presence in the fast-growing health and wellness products market in the food, personal care and other categories. The agri-division of ITC is working with farmers and helping them to diversify their crops by encouraging them to cultivate high-demand crops like Ashwagandha, Tulsi, and Kalonji in Madhya Pradesh and turmeric in southern states. Through this initiative, ITC looks to meet its requirements by chasing its FMCG ambitions and also leverages the B2B nutraceuticals space, bridging the demand-supply gap in the market, which has evolved rapidly after the pandemic. "As a part of the ITC Next strategy, the company's Agri-Business Division has pivoted its strategic focus towards rapidly scaling up its value-added Agri Products (VAAP) portfolio to accelerate growth and competitiveness. In line with the larger ITC NextGen Agriculture vision, we are focusing on ...

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ITC is expanding its network of FPOs, further aiming to connect one crore farmers in the next 4-5 years and scaling up sourcing of fruits and vegetables through this platform, said its Agri Business Division CEO S Ganesh. ITC, present in around 22 states through FPOs (Farmer Producer Organizations) and working on 20 crops, has plans to expand and deepen it further in states including Madhya Pradesh, Rajasthan, Haryana, Punjab and Bihar. Besides, ITC is working on expanding the reach of its super app MAARS -- a phygital' initiative with FPOs through which it is providing personalised advisories to farmers from weather forecast to sales of crops at mandi prices, supply of seeds and fertiliser and services as soil testing to helping them get credit from banks. Through MAARS (Metamarket for Advanced Agriculture Rural Services), ITC is also enhancing agricultural practices to small farmers through technology aggregation, AI-enabled solutions, AgTech and an e-marketplace for commodities

In Q2FY25, ITC's sales on quick commerce grew by over 50 per cent year-on-year on a smaller base, contributing 50 per cent of its overall e-commerce sales

Company is focusing on multi-dimensional levers to drive growth while staying the course on product launches, says ITC's Executive Director Bhargavan

Revenue rises 16% in Q2FY25; cigarette segment records 6.6% Y-o-Y growth in revenue

Q2FY25 company results: Godrej Consumer Products, PNB Housing Finance, Adani Gas, Bikaji, IndusInd Bank, Vadilal, and more to report second quarter earnings on October 24

Analysts will monitor the demand outlook on rural as compared to urban, competitive intensity, raw material trends, hotels & agri business outlook

We are seeing noticeable traction in the FMCG counters and ITC is trading in sync with the move. It has formed a buying pivot, after registering a breakout from bullish continuation pattern.

ITC share price: Analysts anticipates a promising outlook for H2FY25E, with accelerated pricing growth and gradual recovery in rural FMCG, bolstering the Company's performance

The launch under the mother brand, Sunfeast, will be available across South and East

ITC share price today: Analysts expect legal cigarette players to gain market share from illegal player. ITC could be a key beneficiary

On the bourses, ITC stock has rallied 14.1 per cent over the past month. The stock hit an all-time high of Rs 510.60 on July 24, 2024. This was the first instance of ITC stock crossing Rs 500-mark.

ITC share price target: ITC stock hits Rs 500-mark for the first time. Jefferies upgrades stock to 'Buy', Macquarie initiates with 'Outperform'

ITC gained 3.8 per cent as there were no changes in the taxes related to tobacco products

ITC hit an over five-month high of Rs 454.05, up 2 per cent on the BSE in Tuesday's intraday deal. ITC stock was trading at its highest level since January 29, 2024

ITC's latest annual report shows that its foods business clocked sales of Rs 17,194.5 crore in the fiscal year ending March 31, 2024

The addition in the eight-figure bracket reflects the scale of ITC's operations and spread in newer categories