2 weeks Ago By Moneycontrol
business ITC |Positive outlook, considering strong fundamentals | Stock of the Day | Markets ITC is an Indian conglomerate with diverse business interests, spanning across Cigarettes, Branded Packaged Foods, Personal Care, hotels and Agri. ITC is well diversified players with Cigarette business being a cash cow which enables incubation of new high growth business. The recent quarterly earnings were in line expectations but inflationary pressure weighed on consumption and FMCG business.
ITC also offers a decent dividend yield, which can help it outperform in the near term, given the macro headwinds and elevated market volatility. Moreover, post de-merger of the asset-heavy hotel business, the return profile of ITC is expected to improve substantially. first published: Apr 22, 2025 10:57 am.
