Imperial Tobacco Company Limited (ITC): History, Company Profile & News Updates
Imperial Tobacco Company Limited was founded on 24th August 1910 and is headquartered in Kolkata, West Bengal, India.
Introduction of ITC LIMITED
The Imperial Tobacco Company Limited (ITC) is a global tobacco company. ITC is one of the world’s largest producers and marketers of tobacco products, including cigarettes, cigars, smokeless tobacco, and other tobacco-related products. In addition, ITC is a leading producer of tobacco products for the international market, including pipe tobacco, cigars, and smokeless tobacco.
History of ITC LIMITED
Early in 1910-the 1970s, the company was named Imperial Tobacco Company of India Limited. But later from the 1970s to 1974 the company changed its name to Indian Tobacco Company Limited. After 1974 to the current year of 2022, the company has no acronym for its name. The company is known as Itc Limited. Sanjiv Puri is the chairman of Imperial Tobacco Company Limited.
The company produces, markets, and distributes cigarettes, cigars, pipe tobacco, smokeless tobacco, and chewing tobacco. ITC also manufactures a wide range of other tobacco products, including moist snuff, cigars, pipe tobacco, and smokeless tobacco.
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The company’s operations are divided into five segments: stationary, food products, agricultural sector, information technology sector, and packaging sector.
The current share price of ITC Limited share is 332.24 as of now on 1st October 2022.
Current Events of ITC Limited
ITC’s cigarette segment is the world’s largest producer and marketer of cigarettes, accounting for more than 50 percent of the company’s total sales. The company’s cigars segment is the world’s second-largest producer and marketer of cigars, and the company’s smokeless tobacco segment is the world’s third-largest producer and marketer of smokeless tobacco. ITC’s international operations segment is the world’s leading producer and marketer of tobacco products for the international market.
The company’s other segment is primarily composed of Vectra, a global tobacco packaging company, and the Camel brand, a global brand of cigarettes. Currently, ITC operates in more than 90 + countries and employs a total of around 107,000 people.
As per data, the company has a net annual turnover and market capitalization of approx. U.S.$15 billion.
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Should you buy ITC Shares now?
It is a very good time to buy shares now because the company has been doing very well for the past few years. After the upgrade of the brokerage in June 2022. There has been scope to see an upside trend in the share price of Itc Limited.