ITC - Leveraging Institutional Strengths To Build Multiple New Growth Engines: Systematix

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.We attended ITC Ltd.’s investor meet and came back with the following key takeaways –cigarettes should continue to deliver steady volume growth and share gains vs both the legal and illicit trade given expectations of a stable taxation regime and portfolio fortification, Fmcg business should continue to grow ahead of the market with a refreshed personal care portfolio, multiple adjacencies being built and new vectors being created in foods in addition to a 100bps annual margin expansion,distribution muscle is being further strengthened across both traditional (three times coverage in five years) and alternate channels (share up to 25%), agribusiness is witnessing a combination of premiumization via initiatives like nicotine manufacturing and back-end re-engineering through ITCMAARS, paper business should now see a cyclical recovery led by foray into sustainable packaging solutions, hotels should see continued business momentum with a strong pipeline, asset right strategy, strong brand equity and digitization/capital productivity initiatives. Overall, we see the company leveraging its institutional, sourcing and distribution strengths to build multiple new growth engines for the future with a visible step-up in innovation, digitisation and productivity spends..Click on the attachment to read the full report:.ITC - Earning Visibility Continues To Drive Performance: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ITC - Leveraging Institutional Strengths To Build Multiple New Growth Engines: Systematix

We see company leveraging its institutional, sourcing, distribution strengths to build multiple new growth engines for future with a visible step-up in innovation, digitisation, productivity spends

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ITC - Leveraging Institutional Strengths To Build Multiple New Growth Engines: Systematix

We see company leveraging its institutional, sourcing, distribution strengths to build multiple new growth engines for future with a visible step-up in innovation, digitisation, productivity spends

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