Most of the changes have come about in the last four years and ITC is now reaping the dividends - standalone revenues from the non-cigarettes FMCG business have grown 40 per cent from FY17 to Rs 14,728.21 crore in FY21 and pre-tax profits 30 times to Rs 823.69 crore. The business accounted for 30.58 per cent of gross revenues and 4.85 per cent of pre-tax profits in FY21. "In the last four years, our margins in FMCG have gone up by 640 basis points (bps) and EBITDA margins have been moving up consistently. "We created levers that enabled a sustained growth trajectory," said ITC chairman and managing director Sanjiv Puri. Puri took charge as the chief executive officer in 2017; in 2018, he was redesignated managing director and effective May 2019, he became chairman.
Bollywood celebrated Children's Day with the cutest pictures on social media!
In a special series, we will put YOU to the test everyday!
The governemnt decision follows a direction by Speaker Mata Prasad Pandey after the matter was raised in the House on Monday.
Film folk assembled for a mid-week party at a Mumbai restaurant, when Nikkhil Advani celebrated eight years of his production house Emmay Entertainment.
Meet the ladies who have made an impression in the OTT universe.
However, Chief Minister Vasundhara Raje and her five cabinet colleagues have won their respective constituencies.
Transcript of chat with Vishwanath Chaturvedi.
'October is the month when the sweet-smelling flower, known as parijat, shiuli, harsingar, night jasmine or prajakta, enters bloom.' 'But the lesson of love and loss in Shoojit Sircar's poignant drama is likely to linger all year long,' says Sukanya Verma.
The career bureaucrat-turned-central banker walked into the 19th floor corner room of the Reserve Bank on December 12, 2018. Since February 2019, the Das-led RBI has cut the repo rate by a whopping 135 basis points to support the sagging growth, including an unprecedented 35 bps reduction in August. As he completes one year at the helm, woes in the NBFC sector, overall health of the banking sector and steeply falling economic growth are among the major challenges that needs to be tackled sooner than later.
Prime Minister Narendra Modi's brother Prahlad Modi staged a dharna at the Lucknow airport on Wednesday, alleging that police did not let his supporters reach there and took them into custody.
The differences revolved around the two topics of how much reserves the RBI should carry and whether the finance ministry had precipitated matters by invoking Section 7 of the RBI Act, that allows it to give directions to the RBI in public interest.
With postgraduate students getting preferences in the job market, students are advised to think carefully before joining this programme
Netflix has unveiled a line-up of 15 original series as well as returning seasons of popular shows.
The winners for the year 2019 are from fields as diverse as agriculture, sports, handicrafts, afforestation and wildlife conservation, armed forces and education.
Scindia, who is now with the BJP and took oath as a member from Madhya Pradesh, greeted his bete noire before taking oath. Scindia and Singh had differences that led to Scindia quitting the Congress. Scindia also greeted Congress leaders Mallikarjun Kharge and Ghulam Nabi Azad.
Historically, Indian stocks trade at earnings multiple of 17-18 times. At current prices, the earnings multiple for the Sensex is 26 times.
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Financial Technologies (India), has made a loan of Rs 225 crore to NSEL.
Love, memorable, throwback pix to celebrate Mother's Day.
Quite a few stars stepped out for promotional duties.
The peahen gives birth after it gets impregnated with the tears of the peacock, says the judge.
Bharatiya Janata Party and Janata Dal-Secular legislators boycotted the governor's address to the joint session of the legislature.
The governor told the delegation that he was considering the matter.
If the reforms are implemented, multi-brand retail majors such as Future Group and Reliance Retail might enter the fuel retail space.
As the 2019 Lok Sabha election approaches, some rare photographs from the 1996 election campaign, which saw a Bharatiya Janata Party prime minister for the first time in India's history, albeit only for 13 days.
