Company is the largest manufacturer of cigarettes in India. It is a member of BAT Group of UK. ITC is rated among the World's Best Big Companies, Asia's 'Fab 50' and the World's Most Reputable Companies by Forbes magazine, among India's Most Respected Companies by BusinessWorld and among India's Most Valuable Companies by Business Today. ITC ranks among India's "10 Most Valuable (Company) Brands", in a study conducted by Brand Finance and published by the Economic Times. ITC also ranks among Asia's 50 best performing companies compiled by Business Week.
One of India's foremost tea sector firms, the Goodricke Group Ltd is planning to venture into the value-added segment of ready-to-drink teas, by the end of this year. As a result, over a period of three years, the company's current six million kg sale of tea through packets will likely increase to ten million kg.
After finalizing a $200 million buyout transaction with French bigwig Groupe Danone - for its equal stake in biscuit major Britannia – the Wadia group will get complete control over Britannia Industries. Danone will sell its complete 25.48 percent stake to Leila Lands, a Wadia group firm which indirectly holds a similar stake in the biscuit company.
The takeover of the biscuit joint venture company, Britannia Industries, by Wadia will bring to an end the rancorous three-year scuffle between Wadia group and Danone, as the deal will mark the complete exit of the French foods’ company.
Motilal Oswal Financial Services, one of India's leading stockbroking and research firm, has come out with earnings estimates on FMCG sector for the quarter ended March 2009.
The company in its latest research report revealed that Nestle's March quarter sales are expected to go up by 18.7% to Rs 1295.4 crore on Y-o-Y basis.
In addition, Motilal Oswal predicated Nestle's net profit to go up by 18.5% to Rs 201.5 crore on Y-o-Y basis.