- ITC Limited or ITC is an Indian conglomerate headquartered in Kolkata, West Bengal. Its diversified business includes four segments:Fast Moving Consumer Goods, Hotels, Paperboards, Paper & Packaging and Agri Business
- ITC is a play on the consumption boom emerging in India, driven by emerging demographic trends.
- Strong Brand portfolio comprising of Goldflake, Wills, Aashirvad, Bingo, mint-o, ITC hotel, Vivel, Classmate, Sunfeast, Mangaldeep, Candyman, Wills Lifestyle and John Player etc-.
- Cigarette business are likely to pick up in coming years because of strong demand and low penetration of Cigarette in India. Also the company has inelastic demand for Cigarette which helps it in increasing the price whenever there is a hike in excise duty
- Strong Financials with an EBITDA of 34.2% and PAT growth of 20%. The company’s Net Sales and PAT have grown at a 5 year CAGR of 16.96% .
- ITC is a strong defensive play due to limited operational exposure to three key risks: a slowdown in the US economy, a slowdown in Europe and rising interest rates
One can Buy with Trgt 450 2 yrs time frame.
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