ITC Limited One of India’s Most dmired and Valuable Companies
1
Profile One of India’s India’s most Admired and Valuabl Valuablee companies - Market Capitalisation: ~Rs. .! lak" crores A #$% 1& billion enterprise enterpris e b' (ross $ales Value) Value)
- ~*+, of et Reenue from non-Ci/arette se/ments
0eadin/ ast Moin/ Consumer (oods 2MC(3 2MC(3 marketer in India - 4stablis"ed 5* 6orld-class mot"er brands 6it"in a s"ort span of time
1& 'ear Value Value Addition Addition ~ Rs. .1 lak" crores 2#$% ** billion3. - Amon/ t"e top ta7 pa'ers in t"e countr'
I8C 9 its (roup Companies emplo' emplo' oer 5&&& people people directl'; $ustainable deelopment deelopment models and alue c"ains "ae supported creation of ~! million sustainable lieli"oods A /lobal e7emplar in sustainable business practices - Onl' enterprise in t"e 6orld of comparable dimensions to "ae ac"ieed and sustained t"e ke' /lobal indices of enironmental sustainabilit' of bein/ <6ater positie< 2for 1! 'ears3
5
ITC Performance Track Record ( crs)
!""#-"$ 2%!&-!'
22-yr Car "#-"$ to !&-!'
5*! +5** 1.,
(et Re)enue P*T
=*5 1!=+ 1>.>,
P+T
5!1 1&+* 1?.*,
Capital ,mployed
1??! *! 1!.=,
ement ROC,.
!. !+.&
Market Capitalisation
**>1 15&? 5&.1,
Total /are/older Returns .
'*+
ense0 1C+R "#-"$ to !&-!'3 4 !%5". Gross Revenue (Rs' *,-.7 cr') not comparable a/c GST transition; 0T 1 "T 2or 3456 be2ore exceptional items ar8et !ap and TSR based on 349end prices 2or 34-: and 3456
ITC’s rankin +monst all listed pri)ate sector cos5
P*T4 (o5 # P+T4 (o5 # Market Capitalisation4 (o5 #
Note: Based on Published Results for FY18, Market Capitalisati on based on BSE losin! as o n "#th $un %#18
=
ITC’s ,conomic Contribution to t/e (ation
1& 'ear Value addition ~ Rs. .1 lak" crore 2#$% ** billion3 @ Amon/ t"e top ta7 pa'ers in t"e countr' @ Oer t"e last fie 'ears t"e Value-Added b' 'our Compan' i.e. t"e alue created b' t"e economic actiities of 'our Compan' and its emplo'ees a//re/ated oer 5&&&&& crores of 6"ic" nearl' 1*&&&& crores accrued to t"e 47c"eBuer.
orei/n e7c"an/e earnin/s in t"e last 1& 'ears: #$% >.1 bln @ Of 6"ic" a/ri e7ports constituted ~*!,
*
ocial Performance irect emplo'ment I8C (roup : oer 5&&& $upported creation of around ! million sustainable lieli"oods e-C"oupal: 6orld’s lar/est rural di/ital infrastructure serin/ more t"an = million farmers $ocial and arm forestr' initiatie "as /reened nearl' !?&&& acres and /enerated nearl' 15* million person da's of emplo'ment for rural "ouse"olds includin/ poor tribal and mar/inal farmers. $i/nificant t"rust on social sector inestments under DMission $une"ra Eal’ initiaties @ atural resource mana/ement @ $ustainable lieli"oods @ Communit' deelopment pro/rammes in t"e economic icinit' of operatin/ locations
!
,n)ironmental Performance Fater positie - 1! 'ears in a ro6 Carbon positie enterprise @ 1 'ears in a ro6 $eBuesterin/ oer t6ice t"e amount of CO5 t"at t"e
Compan' emits $olid 6aste rec'clin/ positie @ 11 'ears in a ro6 Oer =, of total ener/' consumed is from rene6able sources $ustainabilit' Report 5&1? can be accessed on /ttps4667775itcportal5com6sustainability6sustainabilityreport-2%!'6sustainability-report-2%!'5pdf
&nl' enterprise in the (orld of o)parable di)ensions to ha*e ahie*ed and sustained the " ke' !lobal indies of en*iron)ental sustainabilit' of bein! Carbon positi*e, +ater positi*e and Solid (aste re'lin! positi*e >
ITC’s Vision tatement
?
ITC’s Vision
Make a si/nificant and /ro6in/ contribution to6ards :
G miti/atin/ societal c"allen/es G en"ancin/ s"are"older re6ards
*y
G creatin/ multiple driers of /ro6t" 6"ile sustainin/ leaders"ip in tobacco8 and G focusin/ on D8riple Hottom 0ine’ erformance 4nlar/e contribution to t"e ation’s - inancial capital - 4nironmental capital - $ocial capital
+
9ey Corporate trateies ocus on t"e c"osen business portfolio @ MC(; Jotels; aperboards aper 9 acka/in/; A/ri Husiness; Information 8ec"nolo/'
Hlend dierse core competencies residin/ in arious Husinesses to en"ance t/e competiti)e po7er of t/e portfolio osition eac" business to attain leaders"ip on t"e stren/t" of 6orld-class standards in :uality and costs Craft appropriate D$trate/' of Or/anisation’ and /oernance processes to: @ 4nable focus on eac" business and @ Jarness diersit' of portfolio to create uniBue sources of competitie adanta/e
1&
tratey of Oranisation ;-Tiered o)ernance tructure
11
ITC’s *usiness Portfolio
,ducation = tationery
>otels
Paperboards8 Paper = Packain
Personal Care
Lifestyle Retailin
afety Matc/es = Incense ticks
+ri *usiness
Information Tec/noloy
15
ITC’s Ciarettes *usiness
Market leaders"ip - 0eaders"ip across all se/ments - /eo/rap"ic 9 price $tate-of-t"e-art tec"nolo/' and 6orld-class products
1
Ciarette Industry in India
0e/al ci/arettes account for onl' ~1&, of tobacco consumed in India due to a punitie and discriminator' ta7ation and re/ulator' re/ime India is t"e =t" lar/est ille/al ci/arette market in t"e Forld; resultin/ in
Re)enue loss of o)er !;8%%% cr5 p5a5 to t/e ,0c/e:uer
=5, of adult Indian males consume tobacco. Onl' >, of adult Indian males smoke ci/arettes as compared to 1=, 6"o smoke bidis and &, 6"o use smokeless tobacco 2$ource: (lobal Adult 8obacco $ure' India 5&1!-1>3 Annual per capita adult ci/arette consumption in India is appro7. one-nint" of 7orld a)erae
1=
Leal Ciarettes contribute '&. of Ta0 Re)enue8 despite constitutin only !%. of Tobacco consumption
!%. "%.
Consumption /are
Ta0 Re)enue /are
Ci/arette ta7es remain effectiel' about *& times "i/"er t"an on ot"er tobacco products 2on a per E/ basis of tobacco consumption3 &ote !onsumption S
1*
Ciarettes are least affordable in India
Soure : +& Report on the -lobal .obao Epide)i, %#1/0Raisin! .aes on .obao
Ci/arette ta7es in India are 1= times "i/"er t"an #$A + times "i/"er t"an Kapan > times "i/"er t"an C"ina * times "i/"er t"an Australia and times "i/"er t"an Mala'sia and akistan.
1!
Per Capita Consumption of Tobacco in India 1ms per year3
Source>orld !i?arettes @ #R! Statistics Tob 0oard 1 Andustr% #stimates @ ?ms/4r
Per Capita consumption is ?$%. of @orld +)erae 1>
Per Capita Ciarette Consumption A !!. of @orld a)erae
Source T
G Alt"ou/" India accounts for oer 1>, of 6orld population its s"are of 6orld ci/arette consumption is less t"an 5, G er Capita consumption in India ~11, of Forld aera/e 1?
G 0e/al ci/arette industr' olumes remain under pressure - F"ile t"e le/itimate ci/arette industr' "as declined steadil' since 5&1&-11 at a compound annual rate of =.?, p.a. ille/al ci/arette olumes in contrast "ae /ro6n at about *, p.a. durin/ t"e same period makin/ India one of t"e fastest /ro6in/ ille/al ci/arette markets in t"e 6orld.
G Jon’ble Earnataka Ji/" Court struck do6n t"e CO8A rules t"at mandated printin of '#. >@ on Ciarette packs in Bec’!& since stayed by >on’ble upreme - endin/Court5 t"e final "earin/ of t"is matter t"e re/ime of t"e e7tremel' repu/nant ?*, pictorial 6arnin/ continues.
1+ 1+
Creatin @orld-class brands for Indian Consumers
5&
Rapid scale up of
( crs)
&ote Reported Gross Revenue 2or 3456 not comparable a/c GST transition; !omparable 3!G 0usiness ?roBt< 2or 3456 at 55',+ as compared to reported ?roBt< o2 7'6+
51
+nnual Consumer pends of ?!$%%% cr5 1
L=&&& cr. L*&& cr. L5&&& cr. L1&&& cr. L*&& cr.
55 55
*randed Packaed
*iscuits8 taples8 nacks8 (oodles = Pasta8 Confectionery8 Ready to ,at8 Euices8 Bairy8 C/ocolates and Coffee
5
anac/e
ianduFa
5= 5=
*randed Packaed
*ounce Minis tra7berry
*inoH Mad +nles Very Peri Peri
unfeast *ounce Cakes
*inoH Mad +nles
Bark
*inoH Ted/e Med/e @ak/ra tyle
unfeast DiPPeeH @o7 C/icken
Candyman
5* 5*
*randed Packaed
unfeast
Candyman Crunc/y Peanut
unfeast DiPPeeH Mood Masala
C/atpata P/alsa
Masala Eamun Euice
5!
/arpenin communication = consumer enaement
Bark
DiPPeeH Mood Masala campain
* (atural - (ot from concentrate campain5
Mom’s Maic A JBil ka Tukda’ campain
5>
Interated Manufacturin and Loistics facilities
@ Commissioned state-of-t"e-art facilities at anc"la Eapurt"ala #luberia M'suru and (u6a"ati; Capacit' utilisation pro/ressiel' ramped up. @ $tead' pro/ress is bein/ made to6ards deelopment of ot"er suc" facilities 6"ic" are e7pected to be commissioned in t"e near to medium term.
Panc/la8 @est *enal
9apurt/ala8 PunFab
5? 5?
Personal Care Products 8"e Husiness continues to en"ance market standin/
in t"e ra/rance and liBuids 2"and6as" 9 bod'6as"3 cate/ories. D4n/a/e’ ran/e of deodorants continue to
stren/t"en its market standin/. - Clear o. 5 brand in t"e cate/or'; o. 1 in
Fomen’s se/ment. - Docket erfume’ ran/e drie robust /ro6t". - Ran/e au/mented 6it" t"e launc" of uniBue
slider-flip pack. Recent cate/or' launc"es - remium skin care ran/e @ DermafiBue’ - remium bat" care ran/e @ Diama’ - Moisturisin/ skin cream - DC"armis’ - loor cleaner - Dim'le’ 5+
Personal Care4 ome recent launc/es
Vi)el *ody7as/
,nae On
Bermafi:ue rane of Premium kincare
(imyle >erbal
a)lon C/ota */eem a)lon >and anitier el >and7as/
&
/arpenin communication = consumer enaement
Beepenin consumer enaement in Vi)el anc/ored on @omen’s ,mpo7erment t/rou/ DAbamF/auta(a/in’ = J9no7 Dour Ri/ts’ initiati)es
a)lon J>ealt/y >ands C/alk ticks’ initiati)e 7on & Lions at Cannes 2%!& and rand Pri0 for Creati)e ,ffecti)eness at Cannes 2%!'5
1
,ducation = tationery Products *usiness 0eera/e Compan'’s paper 9 printin/ e7pertise and distribution net6ork - Classmate $aat"i and aperkraft brands continue to en"ance market standin/
Industr' /ro6t" drien b' increasin/ literac' and en"anced scale of /oernment and public priate education initiaties Classmate is t"e Market leader in otebooks se/ment - eepenin/ consumer en/a/ement t"rou/" Classmates"op.com and M'Classmate app to delier customied notebooks
Increase presence in 6ritin/ instruments and sc"olastic products se/ment leera/in/ t"e Classmate brand
MyClassmate +PP
5
Lifestyle Retailin G DFills 0ifest'le’ brand positioned at t"e premium end of t"e market - 8"e brand is aailable in ~*& outlets across multiple c"annels includin/ si7 e7clusie boutiBue stores across I8C Jotels
G DKo"n la'ers’ brand positioned in t"e 'out" fas"ion se/ment @ 8"e brand is aailable in ~>*& points-of-sale across leadin/ national and re/ional department stores e7clusie stores and multi-brand outlets
Incense sticks 1+arbattis3 = afety Matc/es G DMan/aldeep’ continues to fortif' its market standin/ in t"e A/arbatti and "oop se/ment. G D IM’ continues to be t"e lar/est sellin/ safet' matc"es brand in India. G 0aunc"ed in $eptember 5&1! on bot" Android 9 iO$ platforms t"e Man/aldeep App is currentl' aailable in nine lan/ua/es and caters to t"e eer'da' deotional needs of consumers.
=
>otels
G One of t"e fastest /ro6in/ "ospitalit' c"ains in India G8railblaer in (reen Jotelierin/ G 0eader in rofitabilit'
*
>otels = Tourism industry
orei/n 8ourist Arrials 28A3 /ro6t" "as picked up in t"e last fe6 Buarters. @ 8A into India crossed t"e 1& million mark but remains far be"ind C"ina 2~*+ million3 CSource inistr% o2 Tourism U&>TD Tourism Ei?
@ (oin/ for6ard as economic conditions and infrastructure improe leisure tourism and business related trael is also proNected to /ro6 faster
Industr': Current Room inentor' ~5=&&&& rooms of 6"ic" ~!!&&& rooms are in t"e 0u7ur' and #pper-#pscale se/ments
!
>otels *usiness 8"e C"ain: 1&> properties across >5 locations - = Hrands: I8C Jotels FelcomJotel ortune 9 FelcomJerita/e G 5! ie-$tar elu7e ie-$tar roperties 6it" oer =?&& rooms G =! ortune Jotels 6it" oer !&& rooms G * FelcomJerita/e roperties 6it" oer ?&& rooms roNects under6a': I8C Jotels at Eolkata A"medabad FelcomJotels at H"ubanes6ar
(untur and Amritsar.
Compan'’s first oerseas proNect in Colombo8 bein undertaken by a 7/ollyo7ned subsidiary in ri Lanka
ITC Royal *enal
ITC One Colombo !
- Construction actiit' is pro/ressin/
as per sc"edule
>
ITC 9o/enur launc/ed on !st Eune 2%!'
Restaurants = *an:uet
Ottimo Bum Puk/t-*eum’s
Di Ein
Beccan tate room
?
ITC >otels4 Trailblaer railbla er in reen >otelierin >otelierin
+ll ITC Lu0ury >otels L,,B Platinum certified
PResponsible 0u7ur'Q et"os 6oen into t"e Hrand Identit' +
Paperboards = Packain *usiness G o. 1 in $ie G o. 1 in rofitabilit' G Forld-class Forld-class 4nironmental 4n ironmental erformance
=&
Indian Paperboard market
Annual paperboard demand oer .1 million tonnes 0o6 per capita usa/e of paper at around 1 k/s p.a. 26orld aera/e @ oer *> k/s p.a.3 Indian paperboard market /ro6in/ at >.5, p.a. Value-added aperboards - t"e fastest /ro6in/ se/ment 21&.*, p.a.3 in India drien b' : Increasin/ demand for branded packa/ed products (ro6t" in or/anised retail #se of packa/in/ as a ke' differentiator especiall' in t"e MC( sector
=1
ITC’s Paperboards8 Paper = Packain businesses Market leader in Value-Added aperboards se/ment Forld-class tec"nolo/' 9 Bualit' @ ull' inte/rated Oone bleac"ed ulp Mill 2.* lak" 8A3 @ one of its kind in Asia meetin/ 6orld-class enironmental standards @ India’s first Hleac"ed C"emical 8"ermo Mec"anical ulp 2HC8M3 mill commissioned in =S1> @ lo6er dependence on imported pulp and source of competitie adanta/e. @ Tcor Mac"ine at 8ribeni unit completel' refurbis"ed incorporatin/ latest tec"nolo/' features alon/ 6it" capacit' e7pansion. $trate/ic proNects under6a': Value Added aperboard 2U1.* lak" 8A3; e7pected to be commissioned in 5S1+.
BGcor Mac/ine
I8C’s packa/in/ $H# - India’s lar/est conerter of aperboard into "i/" Bualit' packa/in/ @ roides superior packa/in/ solutions to ci/arettes and ot"er MC( businesses
@ 0eadin/ supplier to Indian MC( industr' @ $tren/t"ened its capabilities as a one-stop-s"op for packa/in/ solutions 6it" t"e addition of a ri/id bo7 and a fle7o corru/ation line T" Tonnes per annum =5
+ri *usiness
G 0eadin/ A/ri Husiness pla'er in India G ioneer in rural transformation G o. 1 in 0eaf 8obacco
=
ITC’s ri Commodity *usiness istinctie sourcin/ capabilit' for I8C’s Hranded acka/ed oods Husinesses - Identit'-presered superior Bualit' 6"eat for D as"iraad’ atta - $uperior Bualit' fruit pulp for DH atural’ ran/e of Nuices - $ourcin/ support for spices c"ip stock potatoes arm linka/es in 1> $tates coerin/ F"eat $o'a otato Coffee etc. #niBue Customer Relations"ip Mana/ement pro/ramme for commodit' customers in bot" domestic and international markets 0eera/in/ Information 8ec"nolo/' for t"e transformational De-C"oupal’ initiatie @ Rural India’s lar/est Internet-based interention @ Oer *&&& illa/es linked t"rou/" around !1&& e-C"oupals sericin/ around = million farmers
$tepped up initiaties in alue added a/riculture @ $uper-safe spices 9 acka/ed froen pra6ns under t"e DI8C Masterc"ef’ brand @ ifferentiated ariants of potatoes 2i. natural antio7idants naturall' lo6 su/ar bab' potatoes 9 frenc"
fr' potatoes3 under t"e Darmland’ brand @ e"'drated onion flakes under t"e DI8C Master C"ef $mart Onions’ brand for t"e institutional se/ment.
ITC Master C/ef pra7ns
ITC Master C/ef uper afe mart Onions ==
ITC’s ri Commodity *usiness e-C/oupal4 trateic T/rust rocurement: cost 9 Bualit' optimisation @ strate/ic sourcin/ support to t"e Hranded acka/ed oods Husinesses @ cost-effectie sourcin/ for e7portsdomestic e7ternal business
Rural retail @ 5 C"oupal $aa/ars operational
=*
ITC e-C/oupal A lobal Reconition @ Forld eelopment Report 5&&? publis"ed b' Forld Hank @ $tock"olm C"allen/e A6ard 5&&! in t"e 4conomic eelopment cate/or' 6"ic" reco/nises initiaties t"at leera/e Information 8ec"nolo/' to improe liin/ conditions and foster economic /ro6t" in all parts of t"e 6orld. @ irst Indian Compan' and second in t"e 6orld to 6in t"e Be)elopment ate7ay +7ard 2%%# for its trail-blain eC/oupal initiati)e5 @ Corporate $ocial Responsibilit' A6ard 5&&= from 8"e 4ner/' and Resources Institute 284RI3 . @ Forld Husiness A6ard 5&&=: International C"amber of Commerce 9 t"e JRJ rince of Fales 9 International Husiness forum. @ Jarard #niersit' case stud' @ Applauded b' t"e t"en resident of India r AK Abdul 9alam in /is special address durin t/e national symposium to commemorate $%t/ year of Independence5 =!
ITC’s Leaf Tobacco *usiness India @ t"e second lar/est producer of tobacco 2Forld e7cl. C"ina3 Jo6eer India’s s"are is onl' at +, of 6orld tobacco trade @ 0eaf e7ports declined =t" 'ear in a ro6 to ~1>? million E/s.
I8C @ India’s lar/est bu'er processor consumer 9 e7porter of ci/arette tobaccos *t" lar/est leaf tobacco e7porter in t"e 6orld
ioneerin/ cultiation of flaourful lue-cured and superior Hurle' tobaccos in India ressure on le/al ci/arette industr' olumes aderse Bualit' and leaf cost escalation pertainin/ to And"ra 5&1> crop and lo6er e7port incenties 6ei/"ed on t"e business performance.
=>
ITC - 9ey
Crs
K! 2%!'-!" 2%!&-!' oly1.3 ross ales Value)
1?1>5 1!&11 1.*,
ross Re)enue
1&>55 1>55 -51.+,
,*ITB+
=5&5 >=! 15.5,
P*T
=&& +=* +.&,
P+T
5?1+ 5*!1 1&.1,
Ot/er Compre/ensi)e Income 1net of ta03
>? 1*>
Total Compre/ensi)e Income 28'"& 28&!& $5$. ^Gross Sales Value includes all taxes (GST !ompensation !ess V"T #xcise ut% &!! etc')
=?
ross ement Re)enue A K! !'6!" ross Re)enue not comparable 7it/ pre)ious period a6c T transition
K
2 crs3 K!
2%!&-!'
2%!'-!" 2%!&-!' oly1.3
ement Re)enue 1ross3
=+! a3 MC ( - Ci/arettes *15? ?>>= 2=1.!3 &*5 - Ot"ers 5?>& 5!&1 1&. &"'' Total !1 1=.5 1&1 d3 aperboards aper 9 acka/in/ 1*! 1!& 2&.3 !!#%# Total !2'$ !#'%% 1!'5&3 ?&& 0ess : Inter se/ment reenue 515= 5&>? 5.5 !%&%$ ro ss Re)enu e fro m sale of pro ducts !%&22 !;&22 12!5"3 = ser)ices
G MC( Ci/arettes: ta7-led price increase G MC( Ot"ers: Reenue /ro6t" drien b' $taple $nacks 9 Meals eodorants 9 0iBuids 2"and6as" 9 bod'6as"3 otebooks A/arbattis partl' offset b' on/oin/ restructurin/ in Apparel. G Jotels: Ji/"er room rates stron/ 9H $ales and launc" of I8C Eo"enur G A/ri Husiness: 8radin/ opportunities in $o'a Mustard Coffee Rice and $pices partl' offset pressure on le/al ci/arette industr' olumes G aperboards aper 9 acka/in/: slo6 pick-up in demand in end user industries and unabsorbed capacit' in domestic industr'; s"ut-do6n of a paperboard mac"ine for part of a Buarter for rebuild =+
ement Results A K! !'6!" 2 crs3 K
K!
2%!&-!'
*&! +1 ;#"& >* 15= 5=5 %;"
5 21?3
2%!'-!" 2%!&-!' oly1.3 ement Results a3 MC( - Ci/arettes - Ot"ers Total 1=.+ Total
0ess : i3 inance Cost
**? 5>= ?.> *& * ?5.& ;$%" ;2'% !%5% 1 * 1=+.& 1+* 5* 21>.3 !!2 ;&&& '5"
> 1&
ii3 Ot"er un-allocable 2income3 net of un-allocable e7penditure 21+*3 21>?3
;;; Profit *efore Ta0
;%% ;"# "5%
G MC(-Ot"ers: $e/ment 4HI8A at 15? cr. 2U?!,3 drien b' en"anced scale mi7 enric"ment cost mana/ement initiaties; despite stepped up marketin/ e7penses and /estation of ne6 cate/ories G Jotels: Mar/in e7pansion drien b' ARR /ro6t" 9 operatin/ leera/e; /estation cost of I8C Eo"enur and FJ Coimbatore absorbed G A/ribusiness: ressure on le/al ci/arette industr' olumes aderse Bualit' 9 leaf cost escalation and lo6er e7port incenties G aperboards aper 9 acka/in/ mar/in e7pansion drien b' imported pulp substitution improed pulp 'ield benefits of a cost-competitie fibre c"ain product mi7 enric"ment and "i/"er realisation *&
ement Capital ,mployed K! !'6!" 2 crs3
K 2%!&-!'
5 *>1> "%" =+++ 5*&> *+* 22#%'
Rs5 Cr5 K! 2%!'-!" 2%!&-!' M)t
ement Capital ,mployed a3 MC( - Ci/arettes 511 ==5+ 2151?3 - Ot"ers !>11 !*&? 5& Total 5* 21!=3 d3 aperboards aper 9 acka/in/ !&+> *>?= 1 Total ement Capital ,mployed 2;$&; 22& 1#&3
2;; Local Ta0 P ro)ision not incl5
!2! $;# 1#!;3
ecline in $e/ment Capital 4mplo'ed primaril' ac "i/"er statutor' liabilities 2mainl' ac ($83 and trade pa'ables partl' offset b' increase in et i7ed Assets: - Capacit' au/mentation in MC( Husinesses - On/oin/ inestments in Jotels Husiness - Inestment in Value Added aperboard and Tcor capacit' au/mentation in aperboards aper 9 acka/in/ Husiness
*1 *1
>eadline
2 crs3 2%!' 2%!&
oly .
(ross $ales Value !>&?5 !=1>= =.* ) (ross Ree nue =+*> **&&5 -5&.1 HI8
1**=1 1=*>? !.!
H8 2b efore e7 ceptional items3 1!=+ 1**& !.& 47ceptional items =1 H8
1!?*5 1**& ?.>
A8
1155 1&5&1 1&.&
Ot"er Compre"ensie Income ?5 >> 8otal Compre"ensie In come 11!&! 1&5>? 15.+
G (ross $ales Value up =.*, amidst a s"arp slo6do6n in t"e econom' steep increase in ta7 incidence on ci/arettes subdued demand conditions in t"e MC( industr' s"orta/e of tobacco crop in And"ra rades" and lack of tradin/ opportunities in t"e A/ri Husiness G Reersal of 8 4ntr' 8a7 proision pursuant to faourable $upreme Court Nud/ement reported as ,0ceptional item 1!; cr53 2-ross Sales 3alue inludes all taes 4-S., Co)pensation Cess, 35., Eise 6ut', NCC6, et7
*5 *5
ross ement Re)enue A
( crs) Reported
Comparable
2%!' 2%!& oly 1 .3 2%!' 2%!& oly 1. 3
a 3 MC(
- Ci /a re ttes
55?+= =&&5 -5.> =+5! =1?*& *.&
- Ot" ers
115+ 1&*15 >.? 15!!1 11>> 11.
Total
;22; #! -2;5! #$#'& #;22& $5;
b3 Jote l s
1=1? 1=5 *.! 1>!1 1!*5 !.!
c3 A/ri Hus i nes s
?&!? ?5!* -5.= ?15* ?1+ -5.
d3 a pe rboa rds a per 9 a ck a /i n/ *5*& *! -5.1 *!&+ *=*+ 5.? Total
0es s : 4 l i mi na ti on s ross Re) enue from ale of Products = er)ices
'"#& #"'; -!&5& &2%'2 $'$## #5%
*&&1 ==?1 11.! *&&1 ==?1 11.! ;"#& ##%%2 -2%5! $&%'2 $!& 5#
G 0e/al Ci/arette industr' olumes impacted; steep increase in ta7 incidence G MC( Ot"ers: comparable Reenue /ro6t" at 11., drien b' oods ersonal Care and 4ducation business; Apparel sales impacted b' on/oin/ restructurin/ of retail 9 trade footprint G Jotels: "i/"er ARRs and 9H reenue G A/ri Husiness: limited tradin/ opportunities "i/" base effect 2imported F"eat in 0S3 s"orta/e 9 aderse Bualit' of And"ra tobacco crop G aperboards aper 9 acka/in/: $ubdued Ci/aretteMC(0iBuor demand c"eap imports and surplus capacit' continue to 6ei/" on demand *
ement Results A
2%!' 2%!& oly 1.3
a3 MC(
- Ci /a rette s - Ot"ers Total
1=1 15*1= !.! 1!= 5? =?.! !;#%# !2#2 &5&
b3 Jotel s c3 A/ri Hus i nes s
1=& 111 5!.& ?=+ +&! -!.
d3 ap erbo ards ap er 9 ack a/i n / Total
1&=5 +!! >.+ !##;$ !#2# &5%
0es s : i 3 i nance Co s t ?> 5 ii3 #nal located corpo rate e7pe nditure - et 2++&3 21&&13 Profit *efore ,0ceptional items = Ta0 !$;" !##%; $5%
G MC( Ot"ers: aided b' en"anced scale mi7 enric"ment and cost mana/ement initiaties; not6it"standin/ stepped up marketin/ e7penses /estation cost of ne6 cate/ories and on/oin/ restructurin/ of Apparel G Jotels /ro6t" drien b' "i/"er room rates and 9H reenue G A/ribusiness impacted b' increase in leaf prices lo6er e7port incenties 9 limited tradin/ opportunities G aperboards aper 9 acka/in/ mar/in e7pansion drien b' beni/n 6ood cost structural cost sain/ initiaties and improed mi7
*= *=
+7ards = +ccolades 1!3 One of t"e foremost in t"e priate sector in terms of : @ $ustained alue creation @ Operatin/ profits @ Cas" rofits @ Contribution to 47c"eBuer
I8C 6on t"e presti/ious orter rie 5&1> for <47cellence in Corporate (oernance and InterationN and for its e0emplary contribution in NCreatin /ared ValueN5 I8C ranked rd amon/st leadin/ corporates in India in terms of Corporate Reputation (&ielsen !orporate Ama?e onitor =5*95.)
I8C ranked as t"e most admired compan' in India in 5&1= 2ortune-Ja' (roup sure'3 I8C reco/nised amon/st t"e 8op 1& emplo'ers in India b' Randstad 4mplo'er Hrand Researc" sure' 5&1?. I8C reco/nised amon/st 8op * most preferred emplo'er in DCampus 8rack’. 2ielsen sure' 5&1>3
**
+7ards = +ccolades 123 >ar)ard *usiness Re)ie7 ranked ITC C/airman D C Be)es/7ar as t/e &t/ *est Performin C,O in t/e @orld5 C/airman D C Be)es/7ar conferred t/e Indian Visionary - *usiness Leader +7ard by T/e ,conomic Times8 for bein t/e country’s most )isionary corporate leader5 C/airman D C Be)es/7ar conferred t/e Manaement Man of t/e Dear +7ard by t/e *ombay Manaement +ssociation 1*M+35 C/airman D C Be)es/7ar conferred JCII President’s +7ard for Lifetime c/ie)ement’ for t/e year 2%!'5 C/airman D C Be)es/7ar /as been conferred t/e Lifetime +c/ie)ement +7ard by eminent media /ouses includin ,conomic Times8 *usiness tandard8 *usiness Today and C(*C5 C/airman D C Be)es/7ar conferred t/e prestiious *ana *ib/us/an a7ard8 t/e /i/est ci)ilian /onour instituted by t/e o)ernment of @est *enal5
C/airman D C Be)es/7ar 7as conferred t/e Padma */us/an by t/e o)ernment of India 12%!!35
ITC conferred t/e prestiious J@orld *usiness and Be)elopment +7ard 2%!2’ at t/e Rio2% ( ummit for its ocial and
*!
+7ards = +ccolades 1;3
*usiness7orld
Rainforest +lliance a7arded ITCNs */adrac/alam nit8 t/e
ITC >otels a7arded t/e DMost Trusted >otel in t/e Public C/oice >onours cateory at t/e Times Tra)el >onours
+IM +sian CR +7ard by t/e +sian
*est O)erall Corporate ocial Responsibility Performance4 Institute of Public ,nterprise
brand’
*>
Recent +7ards = +ccolades 1!3 J,nae’ 7on a old at +bby 1IndiaNs biest ad)ertisin and creati)e a7ard3 for its social and diital campain5 T/e J,nae’ campain on social media also 7on t7o olds at t/e Content Marketin +7ards8 out/ +sia5
D$a)lon >ealt/y >and C/alk ticks’ t/e first Indian brand to 7in t/e rand Pri0 for JCreati)e ,ffecti)eness’ at t/e Cannes Lions T/e campain /ad also 7on & Lions at Cannes 2%!& and also reconised as one of t/e top !% PR Campains in t/e @orld at lobal +*R, +7ards5 Vi)el’s proposition of empo7erment of 7omen t/rou/ its messae8 7on certificates of e0cellence at t/e out/ +sia PR +*R, a7ards5
ITC >otels named IndiaNs N*uiestN brand in t/e >otels sement by afa:sH8 t/e countryNs leadin media portal5 ,nae featured amon t/e Top # in t/e Personal Care sement5 arid7ar 7as a7arded t/e b prestiious Jold 7ard’ at t/e J amF/auta !t/ edition of NIndia Manufacturin ,0cellence +7ards 1IM,+3 2%!&N
(a/in’
*?
Recent +7ards = +ccolades 123
ITC Limited 7as reconised and felicitated as t/e JCorporate Trailblaer’ at t/e India Today afaiiri +7ards5 ITC 7as t/e only Corporate to /a)e been presented t/e afaiiri +7ard by India Today5
ITC >otels recei)ed lobal accolades and reconition at T/e lobal ocial >otel +7ards for J*est se Of + Visual (et7ork’ = J2nd *est Online Reputation Manaement’ for 2%!&5 ITC >otels featured as t/e Jectoral Leader’8 for t/e fourt/ time in t/e *usiness @orld JMost Respected Companies’ listin5
ITC rand */arat 7as ranked amonst t/e top resorts in +sia for t/e t/ird year in a ro7 in t/e co)eted Conde (ast Tra)eler 55 Readers’ C/oice +7ards5 ITC Maurya 7as adFuded t/e JMost ,co otel’ by t/e Ministry of Tourism at t/e (ational Tourism +7ards5 *+
