ITC Share News and Analysis
ITC share price fall rapidly in past. Is it still a good buy?
ITC Finance:
| Annual | Mar 2020 | MAR 2019 | MAR 2018 |
|---|---|---|---|
| Sales | 52,045 | 48,352 | 43,448 |
| Operating Profit | 19,589 | 18,545 | 16,508 |
| Net Profit | 14,985 | 12,592 | 11,271 |
Down side
ITC share was falling even before the lock down due to expected dip in cigarette business. As taxation increase was announced in budget 2020.
ITC lock down impact:
- During full lock down cigarette, hotel business was impacted.
- Possibility is there that smokers might quite smoking after this lock down.
- Even after unlock Hotel business is impacted.
- Cigarette is main business, which might impact other businesses of company’s fund.
Company strategy:
Increase dividend payout to create investors trust and put stop on falling price of stock.
Good thing:
- 70-80 out of 120 location is operating, with about 20-60% capacity a month.
- FMCG and essentials are still making sale.
- Bought Sunrises spices, and is targeting 1 Lakh crore revenue in FMCG in future by 2030.
- Cigarettes are habit and addictive.
- ITC is debt free.
FUTURE:
ITC wants to transform the agriculture sector.
Disclaimer: This is for educational purpose only. Make your investment decision with help of your financial adviser and not based on the about information.
ITC Share News and Analysis