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India Tobacco Company

Introduction

ITC Limited (BSE: 500875) or ITC is an Indianpublicconglomerate company

headquartered in Kolkata, West Bengal, India.[2] Its diversified business includes four

segments: Fast Moving Consumer Goods (FMCG), Hotels, Paperboards, Paper & Packaging

and Agri Business. ITC's annual turnover stood at $7 billion and market capitalization of over

$34 billion. The company has its registered office in Kolkata. It started off as the Imperial

Tobacco Company of India and was rechristened to India Tobacco Company in 1970, I.T.C.

Limited in 1974 and finally ITC Limited in 2001[3]

The company is headed by Yogesh Chander Deveshwar. It employs over 29,000

people at more than 60 locations across India and is listed on Forbes 2000. ITC Limited

completed 100 years on 24 August 2010.

ITC has a diversified presence in FMCG (Fast Moving Consumer Goods), Hotels,Paperboards & Specialty Papers, Packaging, Agri-Business and Information Technology.

While ITC is a market leader in its traditional businesses of Hotels, Paperboards, Packaging,

Agri-Exports and Cigarettes, it is rapidly gaining market share even in its nascent businesses

of Packaged Foods & Confectionery, Branded Apparel, Personal Care and Stationery. Meera

Shankar joined the board of ITC Ltd as the first women director in its history. She is an

additional non-executive director of the cigarettes-FMCG-hotel major. [4][5]

http://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500875http://en.wikipedia.org/wiki/Public_companyhttp://en.wikipedia.org/wiki/Conglomerate_(company)http://en.wikipedia.org/wiki/Kolkata,_West_Bengalhttp://en.wikipedia.org/wiki/ITC_Limited#cite_note-2http://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/ITC_Limited#cite_note-3http://en.wikipedia.org/wiki/Yogesh_Chander_Deveshwarhttp://en.wikipedia.org/wiki/Forbes_2000http://en.wikipedia.org/wiki/ITC_Limited#cite_note-4http://en.wikipedia.org/wiki/ITC_Limited#cite_note-5http://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500875http://en.wikipedia.org/wiki/Public_companyhttp://en.wikipedia.org/wiki/Conglomerate_(company)http://en.wikipedia.org/wiki/Kolkata,_West_Bengalhttp://en.wikipedia.org/wiki/ITC_Limited#cite_note-2http://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/ITC_Limited#cite_note-3http://en.wikipedia.org/wiki/Yogesh_Chander_Deveshwarhttp://en.wikipedia.org/wiki/Forbes_2000http://en.wikipedia.org/wiki/ITC_Limited#cite_note-4http://en.wikipedia.org/wiki/ITC_Limited#cite_note-5

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HISTORY

ITC was incorporated on August 24, 1910 under the name Imperial Tobacco

Company of India Limited. As the Company's ownership progressively Indianised, the name

of the Company was changed from Imperial Tobacco Company of India Limited to India

Tobacco Company Limited in 1970 and then to I.T.C. Limited in 1974. In recognition of the

Company's multi-business portfolio encompassing a wide range of businesses - Fast Moving

Consumer Goods comprising Foods, Personal Care, Cigarettes and Cigars, Branded Apparel,

Education and Stationery Products, Incense Sticks and Safety Matches, Hotels, Paperboards

& Specialty Papers, Packaging, Agri-Business and Information Technology - the full stops in

the Company's name were removed effective September 18, 2001. The Company now standsrechristened 'ITC Limited'.

The Company's beginnings were humble. A leased office on Radha Bazar Lane,

Kolkata, was the centre of the Company's existence. The Company celebrated its 16th

birthday on August 24, 1926, by purchasing the plot of land situated at 37, Chowringhee,

(now renamed J.L. Nehru Road) Kolkata, for the sum of Rs 310,000. This decision of the

Company was historic in more ways than one. It was to mark the beginning of a long and

eventful journey into India's future. The Company's headquarter building, 'Virginia House',

which came up on that plot of land two years later, would go on to become one of Kolkata's

most venerated landmarks.

Though the first six decades of the Company's existence were primarily devoted to the

growth and consolidation of the Cigarettes and Leaf Tobacco businesses, the Seventies

witnessed the beginnings of a corporate transformation that would usher in momentous

changes in the life of the Company.

ITC's Packaging & Printing Business was set up in 1925 as a strategic backward

integration for ITC's Cigarettes business. It is today India's most sophisticated packaging

house.

In 1975, the Company launched its Hotels business with the acquisition of a hotel in

Chennai which was rechristened 'ITC-Welcomgroup Hotel Chola' (now renamed My Fortune,

Chennai). The objective of ITC's entry into the hotels business was rooted in the concept of

creating value for the nation. ITC chose the Hotels business for its potential to earn high

levels of foreign exchange, create tourism infrastructure and generate large scale direct and

indirect employment.

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Since then ITC's Hotels business has grown to occupy a position of leadership, with

over 100 owned and managed properties spread across India under four brands namely, ITC

Hotels - Luxury Collection, WelcomHotels, Fortune Hotels and WelcomHeritage.

In 1979, ITC entered the Paperboards business by promoting ITC Bhadrachalam

Paperboards Limited. Bhadrachalam Paperboards amalgamated with the Company effective

March 13, 2002 and became a Division of the Company, Bhadrachalam Paperboards

Division. In November 2002, this division merged with the Company's Tribeni Tissues

Division to form the Paperboards & Specialty Papers Division. ITC's paperboards'

technology, productivity, quality and manufacturing processes are comparable to the best in

the world. It has also made an immense contribution to the development of Sarapaka, an

economically backward area in the state of Andhra Pradesh. It is directly involved in

education, environmental protection and community development. In 2004, ITC acquired the

paperboard manufacturing facility of BILT Industrial Packaging Co. Ltd (BIPCO), near

Coimbatore, Tamil Nadu. The Kovai Unit allows ITC to improve customer service with

reduced lead time and a wider product range.

In 1985, ITC set up Surya Tobacco Co. in Nepal as an Indo-Nepal and British joint

venture. In August 2002, Surya Tobacco became a subsidiary of ITC Limited and its name

was changed to Surya Nepal Private Limited (Surya Nepal). In 2004, the company diversified

into manufacturing and exports of garments.

In 1990, ITC acquired Tribeni Tissues Limited, a Specialty paper manufacturing

company and a major supplier of tissue paper to the cigarette industry. The merged entity was

named the Tribeni Tissues Division (TTD). To harness strategic and operational synergies,

TTD was merged with the Bhadrachalam Paperboards Division to form the Paperboards &

Specialty Papers Division in November 2002.

Also in 1990, leveraging its agri-sourcing competency, ITC set up the Agri Business

Division for export of agri-commodities. The Division is today one of India's largest

exporters. ITC's unique and now widely acknowledged e-Choupal initiative began in 2000

with soya farmers in Madhya Pradesh. Now it extends to 10 states covering over 4 million

farmers. Also, through the 'Choupal Pradarshan Khet' initiative, the agri services vertical has

been focusing on improving productivity of crops while deepening relationship with the

farming community.

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ITC launched line of premium range of notebooks under brand Paperkraft in 2002. To

augment its offering and to reach a wider student population, the Classmate range of

notebooks was launched in 2003. Classmate over the years has grown to become India's

largest notebook brand and has also increased its portfolio to occupy a greater share of the

school bag. Years 2007- 2009 saw the launch of Practical Books, Drawing Books, Geometry

Boxes, Pens and Pencils under the 'Classmate' brand. In 2008, ITC positioned the business as

the Education and Stationery Products Business and launched India's first environment

friendly premium business paperunder the 'Paperkraft' Brand. 'Paperkraft' offers a diverse

portfolio in the premium executive stationery and office consumables segment. In

2010, Colour Crew was launched as a new brand of art stationery.

ITC also entered the Lifestyle Retailing business with the Wills Sport range of

international quality relaxed wear for men and women in 2000. The Wills Lifestyle chain of

exclusive stores later expanded its range to include Wills Classic formal wear (2002)

and Wills Clublife evening wear (2003). ITC also initiated a foray into the popular segment

with its men's wear brand, John Players, in 2002. In 2006, Wills Lifestyle became title partner

of the country's most premier fashion event - Wills Lifestyle India Fashion Week - that has

gained recognition from buyers and retailers as the single largest B-2-B platform for the

Fashion Design industry. To mark the occasion, ITC launched a special 'Wills Signature',

taking the event forward to consumers.

In 2000, ITC spun off its information technology business into a wholly owned

subsidiary, ITC Infotech India Limited, to more aggressively pursue emerging opportunities

in this area. Today ITC Infotech is one of India's fastest growing global IT and IT-enabled

services companies and has established itself as a key player in offshore outsourcing,

providing outsourced IT solutions and services to leading global customers across key focus

verticals - Banking Financial Services & Insurance (BFSI), Consumer Packaged Goods

(CPG), Retail, Manufacturing, Engineering Services, Media & Entertainment, Travel,

Hospitality, Life Sciences and Transportation & Logistics.

ITC's foray into the Foods business is an outstanding example of successfully

blending multiple internal competencies to create a new driver of business growth. It began in

August 2001 with the introduction of'Kitchens of India' ready-to-eat Indian gourmet dishes.

In 2002, ITC entered the confectionery and staples segments with the launch of the

brands mint-o and Candyman confectionery and Aashirvaad atta (wheat flour). 2003

witnessed the introduction of Sunfeast as the Company entered the biscuits segment. ITC

entered the fast growing branded snacks category with Bingo! in 2007.

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In 2010, ITC launched Sunfeast Yippee! to enter the Indian instant noodles market. In

just over a decade, the Foods business has grown to a significant size under seven distinctive

brands, with an enviable distribution reach, a rapidly growing market share and a solid

market standing.

In 2002, ITC's philosophy of contributing to enhancing the competitiveness of the

entire value chain found yet another expression in the Safety Matches initiative. ITC now

markets popular safety matches brands like iKno, Mangaldeep and Aim.

ITC's foray into the marketing of Agarbattis (incense sticks) in 2003 marked the

manifestation of its partnership with the cottage sector. Mangaldeep is a highly established

national brand and is available across a range of fragrances like Rose, Jasmine, Bouquet,

Sandalwood, Madhur, Sambrani and Nagchampa.

ITC entered the Personal Care Business in 2005. In seven years, the Personal Care

portfolio has grown under'Essenza Di Wills', 'Fiama Di Wills', 'Vivel' and 'Superia' brands

which have received encouraging consumer response and are also being progressively

extended nationally.

In 2010, ITC launched its handrolled cigar, Armenteros, in the Indian market.

Armenteros cigars are available exclusively at tobacco selling outlets in select hotels, fine

dining restaurants and exclusive clubs.

Objectives

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All companies are having their own planning and business strategies but the company

who ishaving the best, is the most successful company among its competitors. So the

company can getsuccess within its competitors by applying best and effective marketing

strategies.

Vision

Sustain ITC's position as one of India's most valuable corporations through world

class performance, creating growing value for the Indian economy and the Company's

stakeholders

Mission

To enhance the wealth generating capability of the enterprise in a globalisingenvironment, delivering superior and sustainable stakeholder value

Achievement

ITC constantly endeavours to benchmark its products, services and processes to

global standards. The Company's pursuit of excellence has earned it national and

international honours. ITC is one of the eight Indian companies to figure in Forbes A-List for

2004, featuring 400 of "the world's best big companies". Forbes has also named ITC among

Asia's'Fab 50' and the World's Most Reputable Companies.ITC has several firsts to its credit:

ITC is the first from India and among the first 10 companies in the world to publish

its Sustainability Report in compliance (at the highest A+ level) with the latest G3

guidelines of the Netherlands-based Global Reporting Initiative (GRI), a UN-backed,

multistakeholder international initiative to develop and disseminate globally applicable

Sustainability Reporting Guidelines.

ITC is the first Indian company and the second in the world to win the prestigious

Development Gateway Award. It won the $100,000 Award for the year 2005 for its

trailblazing ITC e-Choupal initiative which has achieved the scale of a movement in rural

India. The Development Gateway Award recognizes ITC's e-Choupal as the most exemplary

contribution in the field of Information and Communication Technologies (ICT) for

development during the last 10 years. ITC e-Choupal won the Award for the importance of

its contribution to development priorities like poverty reduction, its scale and replicability,

sustainability and transparency.

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ITC has won the inaugural 'World Business Award', the worldwide business award

recognising companies who have made significant efforts to create sustainable livelihood

opportunities and enduring wealth in developing countries. The award has been instituted

jointly by the United Nations Development Programme (UNDP), International Chamber of

Commerce (ICC) and the HRH Prince of Wales International Business Leaders Forum

(IBLF).

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Board of directors

Chairman

Y C Deveshwar

Executive Directors

Nakul Anand P V Dhobale K N Grant

Non-Executive Directors

A Baijal S Banerjee AV Girija Kumar

S H Khan S B Mathur D K Mehrotra

H G Powell P B Ramanujam S S H Rehman

Anthony Ruys Basudeb Sen Meera Shankar

Corporate Management Committee

Members

Y C Deveshwar

Chairman

Nakul Anand

Executive Director

P V Dhobale

Executive Director

K N Grant

Executive Director

Anand Nayak

Human Resources

T V Ramaswamy

R&D, Projects, EH&S

S Sivakumar

Agri & IT Businesses

K S Suresh

Legal

Rajiv Tandon

Finance

B B Chatterjee

Secretarial

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Products & Services

Product Name Unit% of

Stock

% Cap.

Util.

Inst.

Prod.

Cap

Prodn

Sale

s

Qty

Sales

(Cr.)

Sales

(Rs.) /

Unit

Cigarettes (Million) No 63.1 0.0 0 0 0 22,248.07 -

Branded Packaged

FoodsTon 10.5 0.0 0 0 0 3,712.75 -

Other Goods NA 6.7 0.0 0 0 0 2,344.82 -

Paper & Paper Board MT 6.3 0.0 0 0 0 2,235.81 -

Others NA 5.2 0.0 0 0 0 1,827.18 -

Tobacco-

Redried/Unredried

MT 3.3 0.0 0 0 0 1,163.03 -

Services (Hotel Sales) NA 2.8 0.0 0 0 0 996.30 -

Other Operating

RevenuesNA 1.1 0.0 0 0 0 375.39 -

Printing/Packaging

MtlsMT 1.0 0.0 0 0 0 343.90 -

Personal Care Products MT 0.0 0.0 0 0 0 0.00 -

Printing(Munger)-

Mln.Impresion

No 0.0 0.0 0 0 0 0.00 -

Service Income / Hotel

SalesNA 0.0 0.0 0 0 0 0.00 -

Miscellaneous NA 0.0 0.0 0 0 0 0.00 -

Marine Products MT 0.0 0.0 0 0 0 0.00 -

Coffee MT 0.0 0.0 0 0 0 0.00 -

Agricultural Products NA 0.0 0.0 0 0 0 0.00 -

Wheat Ton 0.0 0.0 0 0 0 0.00 -

Rice MT 0.0 0.0 0 0 0 0.00 -

Soya Ton 0.0 0.0 0 0 0 0.00 -Soya Seed Ton 0.0 0.0 0 0 0 0.00 -

Soya Oil Ton 0.0 0.0 0 0 0 0.00 -

Snack Food MT 0.0 0.0 0 0 0 0.00 -

Fruit Pulp MT 0.0 0.0 0 0 0 0.00 -

Fillers No 0.0 0.0 0 0 0 0.00 -

Corrugated Fibre

Board ContainNo 0.0 0.0 0 0 0 0.00 -

Chalk MT 0.0 0.0 0 0 0 0.00 -

Smoking Tobacco MT 0.0 0.0 0 0 0 0.00 -

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Matches (Million

Boxes)No 0.0 0.0 0 0 0 0.00 -

Pulp MT 0.0 0.0 0 0 0 0.00 -

Paper MT 0.0 0.0 0 0 0 0.00 -

Business function

In line with ITC's aspiration to be India's premier FMCG company, recognised for its

world-class quality and enduring consumer trust, ITC forayed into the Personal Care business

in July 2005. In the short period since its entry, ITC has already launched an array of brands,

each of which offers a unique and superior value proposition to discerning consumers.

Anchored on extensive consumer research and product development, ITC's personal care

portfolio brings world-class products with clearly differentiated benefits to quality-seeking

consumers.

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ITC's Personal Care portfolio under the 'Essenza Di Wills', 'Fiama Di Wills', 'Vivel',

"Engage" and 'Superia' brands has received encouraging consumer response and is being

progressively extended nationally.

ITC's state-of-the-art manufacturing facility meets stringent requirements of hygiene

and benchmarked manufacturing practices. Contemporary technology and the latest

manufacturing processes have combined to produce distinctly superior products which rank

high on quality and consumer appeal.

Extensive insights gained by ITC through its numerous consumer engagements have

provided the platform for its R&D and Product Development teams to develop superior,

differentiated products that meet the consumer's stated and innate needs. The productformulations use internationally recognised safe ingredients, subjected to the highest

standards of safety and performance.

Competitors

COMPANY SYMBOL

Godfrey Philips India Ltd. GODPHI

Golden Tobacco Ltd. GTCIND

RTCL Ltd. RTCLTD

VST Industries Ltd. VSTIND

http://economictimes.indiatimes.com/godfrey-philips-india-ltd/stocks/companyid-13707.cmshttp://economictimes.indiatimes.com/golden-tobacco-ltd/stocks/companyid-13739.cmshttp://economictimes.indiatimes.com/rtcl-ltd/stocks/companyid-6343.cmshttp://economictimes.indiatimes.com/vst-industries-ltd/stocks/companyid-12825.cmshttp://economictimes.indiatimes.com/godfrey-philips-india-ltd/stocks/companyid-13707.cmshttp://economictimes.indiatimes.com/golden-tobacco-ltd/stocks/companyid-13739.cmshttp://economictimes.indiatimes.com/rtcl-ltd/stocks/companyid-6343.cmshttp://economictimes.indiatimes.com/vst-industries-ltd/stocks/companyid-12825.cms

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Financial statement

Mar

'12

Mar

'11

Mar

'10

Mar

'09

Mar

'08

Investment Valuation Ratios

Face Value 1 1 1 1 1

Dividend Per Share -- -- -- -- --

Operating Profit Per Share (Rs) 11.78 9.57 16.65 13.69 12.23

Net Operating Profit Per Share (Rs) 33.83 28.71 51.2 42.19 38.98

Free Reserves Per Share (Rs) -- 18.53 35.11 34.44 29.93

Bonus in Equity Capital 30.41 42.36 85.85 86.84 86.98

Profitability Ratios

Operating Profit Margin(%) 34.82 33.31 32.52 32.44 30.84

Profit Before Interest And TaxMargin(%) 31.08 29.55 28.47 28.37 26.73

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Gross Profit Margin(%) 32 30.17 29.22 28.79 27.65

Cash Profit Margin(%) 25.95 24.15 23.71 23.05 22.92

Adjusted Cash Margin(%) 25.95 24.15 23.71 23.05 23.11

Net Profit Margin(%) 22.98 22.12 20.77 20.57 20.86

Adjusted Net Profit Margin(%) 22.98 22.12 20.77 20.57 20.77Return On Capital Employed(%) 47.33 43.51 43 34.09 36.78

Return On Net Worth(%) 32.16 30.7 28.98 23.83 25.88

Adjusted Return on Net Worth(%) 32.49 29.24 28.61 22.53 24.84

Return on Assets ExcludingRevaluations 24.89 21.12 37.66 36.95 32.37

Return on Assets IncludingRevaluations 24.89 21.25 37.82 37.11 32.53

Return on Long Term Funds(%) 47.33 43.51 43 34.25 37.19

Liquidity And Solvency Ratios

Current Ratio 1.2 1.14 0.99 1.45 1.3

Quick Ratio 0.58 0.54 0.43 0.64 0.49

Debt Equity Ratio -- 0.01 0.01 0.01 0.02

Long Term Debt Equity Ratio -- 0.01 0.01 0.01 0.01

Debt Coverage Ratios

Interest Cover 114.89 -- 84.74 165.93 238.39

Total Debt to Owners Fund 0 0.01 0.01 0.01 0.02

Financial Charges Coverage Ratio 124.15 376.13 93.5 108.93 187.3

Financial Charges Coverage Ratio

Post Tax 88 274.41 66.43 79.79 135.39Management Efficiency Ratios

Inventory Turnover Ratio 5.75 6.12 6.15 5.34 5.56

Debtors Turnover Ratio 22.96 21.09 21.65 19.1 18.46

Investments Turnover Ratio 5.75 6.12 6.15 5.34 5.56

Fixed Assets Turnover Ratio 1.79 1.72 1.56 1.43 1.55

Total Assets Turnover Ratio 1.37 1.36 1.31 1.15 1.2

Asset Turnover Ratio 1.45 1.42 1.56 1.43 1.55

Average Raw Material Holding -- 175.78 184.74 184.74 217.56

Average Finished Goods Held -- 40.58 36.63 61.76 42.38

Number of Days In Working Capital 28.75 21.59 -2.06 61.12 43.39

Profit & Loss Account Ratios

Material Cost Composition 37.71 38.61 36.2 42.78 42.42

Imported Composition of RawMaterials Consumed -- -- -- -- --

Selling Distribution CostComposition -- 6.42 6.58 6.82 7.38

Expenses as Composition of TotalSales -- -- -- -- --

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Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 65.65 80.1 106.83 49.48 49.3

Dividend Payout Ratio Cash Profit 58.67 70.31 92.54 42.12 42.93

Earning Retention Ratio 35.01 15.9 -8.23 47.67 48.63

Cash Earning Retention Ratio 41.87 26.63 6.42 55.83 55.51AdjustedCash Flow Times 0.01 0.02 0.02 0.05 0.06

Company : ITC Ltd.

Profit & Loss

Mar' 12 Mar' 11 Mar' 10 Mar' 09 Mar' 08

Income :

Operating Income25,090.1

121,120.8

318,567.4

514,985.8

1 14,032.20

Expenses

Material Consumed 9,783.89 8,292.71 7,588.23 6,234.66 6,275.33

Manufacturing Expenses 1,087.99 982.25 801.13 797 383.42

Personnel Expenses 1,265.41 1,178.46 1,014.87 903.37 745

Selling Expenses 1,673.54 1,437.91 1,238.24 1,067.83 1,044.40

Adminstrative Expenses 2,357.47 2,091.01 1,864.54 1,133.48 1,266.57

Expenses Capitalised 0 -60.54 -71.88 -72.55 -112.75

Cost Of Sales 16,168.3 13,921.8 12,435.1 10,063.7 9,601.97

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0 0 3 9

Operating Profit 8,921.81 7,199.03 6,132.32 4,922.02 4,430.23

Other Recurring Income 612.05 647.91 496.27 422.8 479.82

Adjusted PBDIT 9,533.86 7,846.94 6,628.59 5,344.82 4,910.05

Financial Expenses 87.02 78.11 90.28 47.65 24.61Depreciation 698.51 655.99 608.71 549.41 438.46

Other Write offs 0 0 0 0 0

Adjusted PBT 8,748.33 7,112.84 5,929.60 4,747.76 4,446.98

Tax Charges 2,737.08 2,287.69 1,965.43 1,565.13 1,480.97

Adjusted PAT 6,011.25 4,825.15 3,964.17 3,182.63 2,966.01

Non Recurring Items 149.2 127.85 48.78 3.41 36.68

Other Non Cashadjustments 2.51 35.21 48.65 81.52 117.41

Reported Net Profit 6,162.37 4,987.61 4,061.00 3,263.59 3,120.10

Earnigs BeforeAppropriation 6,711.63 5,049.52 4,919.74 3,992.01 3,767.63

Equity Dividend 3,518.29 3,443.47 3,818.18 1,396.53 1,319.01

Preference Dividend 0 0 0 0 0

Dividend Tax 570.75 558.62 634.15 237.34 224.17

Retained Earnings 2,622.59 1,047.43 467.41 2,358.14 2,224.45

Balance Sheet Mar '12 Mar '11 Mar '10 Mar '09 Mar '0812 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds

Total Share Capital 781.84 773.81 381.82 377.44 376.86

Equity Share Capital 781.84 773.81 381.82 377.44 376.86

Share Application Money 0 0 0 0 0

Preference Share Capital 0 0 0 0 0

Reserves 17,957.0015,126.1

213,628.1

713,302.5

5 11,624.69

Revaluation Reserves 53.05 53.34 54.39 55.09 56.12Networth 18,791.89 15,953.2 14,064.3 13,735.0 12,057.67

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7 8 8

Secured Loans 1.77 1.94 0 11.63 5.57

Unsecured Loans 77.32 97.26 107.71 165.92 208.86

Total Debt 79.09 99.2 107.71 177.55 214.43

Total Liabilities 18,870.98 16,052.47 14,172.09 13,912.63 12,272.10

Mar '12 Mar '11 Mar '10 Mar '09 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds

Gross Block 13,926.3412,765.8

211,967.8

610,558.6

5 8,959.70

Less: Accum. Depreciation 4,819.66 4,420.75 3,825.46 3,286.74 2,790.87

Net Block 9,106.68 8,345.07 8,142.40 7,271.91 6,168.83

Capital Work in Progress 2,572.06 1,333.40 1,008.99 1,214.06 1,126.82

Investments 6,316.59 5,554.66 5,726.87 2,837.75 2,934.55

Inventories 5,637.83 5,267.53 4,549.07 4,599.72 4,050.52

Sundry Debtors 986.02 907.62 858.8 668.67 736.93

Cash and Bank Balance 140.5 98.77 120.16 68.73 153.34

Total Current Assets 6,764.35 6,273.92 5,528.03 5,337.12 4,940.79

Loans and Advances 1,952.54 2,173.89 1,929.16 2,150.21 1,949.29

Fixed Deposits 2,678.43 2,144.47 1,006.12 963.66 416.91

Total CA, Loans &Advances 11,395.32

10,592.28 8,463.31 8,450.99 7,306.99

Deffered Credit 0 0 0 0 0Current Liabilities 6,108.60 5,668.10 4,619.54 4,121.59 3,619.76

Provisions 4,411.07 4,104.84 4,549.94 1,740.49 1,645.33

Total CL & Provisions 10,519.67 9,772.94 9,169.48 5,862.08 5,265.09

Net Current Assets 875.65 819.34 -706.17 2,588.91 2,041.90

Miscellaneous Expenses 0 0 0 0 0

18,870.98

16,052.4

7

14,172.0

9

13,912.6

3 12,272.10

Historical share price of two months

Date Open High Low Close Avg VolAdj

Close*

1 May,

2013 328.85 354.15 325.2 329.9

6,834,80

0 324.65

1 Apr,

2013 309 335.6 281.15 328.85

6,140,20

0 323.62

12 Mar, 296.9 310 295.2 309.45 5,782,10 304.53

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2013 0

Dividends Declared

AnnouncementDate

EffectiveDate

DividendType

Dividend(%)

Remarks

17/05/2013 31/05/2013 Final 525%Rs.5.2500 per

share(525%)Dividend

25/05/2012 11/6/2012 Final 450%

20/05/2011 10/6/2011 Final 445%

Recommended a Special Dividend

of Rs. 1.65 per Ordinary Share of

Re. 1/- each and a Dividend of Rs.

2.80 per Ordinary Share of Re.1/-

each.

21/05/2010 9/6/2010 Final 1000%

Special Centenary dividend of Re.5.50 per Ordinary Share of Re 1/-

each and a dividend of Re. 4.50

per Ordinary Share for the

financial year ended March 31,

2010.

22/05/2009 13/07/2009 Final 370%

23/05/2008 16/07/2008 Final 350%

25/05/2007 16/07/2007 Final 310% AGM

26/05/2006 10/7/2006 Final 265% AGM27/05/2005 18/07/2005 Final 310% AGM

13/05/2004 19/07/2004 Final 200% AGM

8/5/2003 14/07/2003 Final 150%

14/05/2002 12/7/2002 Final 135% AGM

26/04/2001 Final 100% AGM

25/05/2000 Final 75% AGM & Dividend

25/05/1999 Final 55% AGM & Dividend

22/05/1998 Final 45%

16/06/1997 Final 40%

Quarterly Results of ITC

Mar '13 Dec '12 Sep '12 Jun '12 Mar '12

Net Sales/Income from

operations 8,180.30

7,627.07

7,146.00

6,652.21 6,861.35

Other Operating Income 77.1 85.03 80.58 60.86 93.29

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Total Income From Operations8,257.4

07,712.1

07,226.5

86,713.0

7 6,954.64

EXPENDITURE

Consumption of Raw Materials2,414.0

52,374.4

82,079.4

12,068.2

7 1,894.19

Purchase of Traded Goods 868.46 646.521,103.0

3 757.91 597.49

Increase/Decrease in Stocks 265.27 56 -318.06 -249.58 312.4

Power & Fuel -- -- -- -- --

Employees Cost 343.4 346.22 289.24 412.45 332.27

Depreciation 206.69 205.22 188.86 194.79 188.04

Excise Duty -- -- -- -- --

Admin. And Selling Expenses -- -- -- -- --

R & D Expenses -- -- -- -- --

Provisions And Contingencies -- -- -- -- --Exp. Capitalised -- -- -- -- --

Other Expenses1,659.9

01,431.1

21,384.6

91,355.6

8 1,554.94

P/L Before Other Inc. , Int.,Excpt. Items & Tax

2,499.63

2,652.54

2,499.41

2,173.55 2,075.31

Other Income 253.98 329.8 184.98 176.76 207.87

P/L Before Int., Excpt. Items &Tax

2,753.61

2,982.34

2,684.39

2,350.31 2,283.18

Interest 24.27 25.15 23.29 13.76 14.82

P/L Before Exceptional Items &Tax

2,729.34

2,957.19

2,661.10

2,336.55 2,268.36

Exceptional Items -- -- -- -- --

P/L Before Tax2,729.3

42,957.1

92,661.1

02,336.5

5 2,268.36

Tax 801.36 905.34 824.68 734.41 654

P/L After Tax from OrdinaryActivities

1,927.98

2,051.85

1,836.42

1,602.14 1,614.36

Prior Year Adjustments -- -- -- -- --

Extra Ordinary Items -- -- -- -- --

Net Profit/(Loss) For the Period1,927.9

82,051.8

51,836.4

21,602.1

4 1,614.36

Equity Share Capital 790.18 787.83 785.63 782.29 781.84

Reserves Excluding RevaluationReserves -- -- -- -- --

Equity Dividend Rate (%) -- -- -- -- --

ASSETS

As at As at

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Note 31st March, 2012 31st March,

2011

(` in Crores) (` in Crores)

Non-current assets

Fixed assets 10

Tangible assets 9578.95 8762.61

Intangible assets 120.01 144.34

Capital work-in-progress

- Tangible assets 2388.87 1357.15

Intangible assets

under development 7.59 10.80

12095.42 10274.90

Less: Provision for

assets given on lease 5.67 5.67

12089.75 10269.23

Goodwill on consolidation 314.13 270.44

Non-current investments 11 765.02 772.64

Deferred tax assets (Net) 4B 16.26 13.13

Long-term loans

and advances 12 1093.16 14278.32

1206.83 12532.27

Current assets

Current investments 13 4441.81 4095.16

Inventories 14 6428.11 5734.80

Trade receivables 15 1203.84 1086.68

Cash and cash equivalents 16 3130.12 2426.87

Short-term loans

and advances 17 465.98 432.50

Other current assets 18 131.59 15801.45

96.29 13872.30

TOTAL 30079.77 26404.57

Profits

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Mar'12 Mar'11

12 Months 12 Months

INCOME:

Sales Turnover 35,247.25 30,633.57

Excise Duty 10,157.14 9,512.74NET SALES 25,090.11 21,120.83

Other Income 0 0

TOTAL INCOME 25,702.16 21,768.74

EXPENDITURE:

Manufacturing Expenses 1,087.99 982.25

Material Consumed 9,783.89 8,292.71

Personal Expenses 1,265.41 1,178.46

Selling Expenses 1,673.54 1,437.91

Administrative Expenses 2,357.47 2,091.01

Expenses Capitalised 0 -60.54

Provisions Made 0 0

TOTAL EXPENDITURE 16,168.30 13,921.80

Operating Profit 8,921.81 7,199.03

EBITDA 9,533.86 7,846.94

Depreciation 698.51 655.99

Other Write-offs 0 0

EBIT 8,835.35 7,190.95

Interest 87.02 78.11

EBT 8,748.33 7,112.84Taxes 2,737.08 2,287.69

Profit and Loss for the Year 6,011.25 4,825.15

Non Recurring Items 149.2 127.85

Other Non Cash Adjustments 2.51 35.21

Other Adjustments -0.5 -0.6

REPORTED PAT 6,162.37 4,987.61

KEY ITEMS

Preference Dividend 0 0

Equity Dividend 3,518.29 3,443.47

Equity Dividend (%) 450 445

Shares in Issue (Lakhs) 78,184.24 77,381.44

EPS - Annualised (Rs) 7.88 6.45

Dividends Declared

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Announcement

Date

Effective

Date

Dividend

Type

Divid

end

(%)

Remarks

25/05/2012 11/6/2012 Final 450%

20/05/2011 10/6/2011 Final 445%

Recommended a SpecialDividend of Rs. 1.65 per

Ordinary Share of Re. 1/- eachand a Dividend of Rs. 2.80 perOrdinary Share of Re.1/- each.

Quarterly Results of ITC

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Mar '13 Dec '12

Net Sales/Income from operations8,180.30 7,627.07

Other Operating Income 77.1 85.03

Total Income From Operations 8,257.40 7,712.10

EXPENDITURE

Consumption of Raw Materials 2,414.05 2,374.48

Purchase of Traded Goods 868.46 646.52

Increase/Decrease in Stocks 265.27 56

Power & Fuel -- --

Employees Cost 343.4 346.22

Depreciation 206.69 205.22

Excise Duty -- --Admin. And Selling Expenses -- --

R & D Expenses -- --

Provisions And Contingencies -- --

Exp. Capitalised -- --

Other Expenses 1,659.90 1,431.12

P/L Before Other Inc. , Int., Excpt. Items & Tax 2,499.63 2,652.54

Other Income 253.98 329.8

P/L Before Int., Excpt. Items & Tax 2,753.61 2,982.34

Interest 24.27 25.15

P/L Before Exceptional Items & Tax 2,729.34 2,957.19

Exceptional Items -- --

P/L Before Tax 2,729.34 2,957.19

Tax 801.36 905.34

P/L After Tax from Ordinary Activities 1,927.98 2,051.85

Prior Year Adjustments -- --

Extra Ordinary Items -- --Net Profit/(Loss) For the Period 1,927.98 2,051.85

Equity Share Capital 790.18 787.83

Reserves Excluding Revaluation Reserves -- --

Equity Dividend Rate (%) -- --

EPS Before Extra Ordinary

Basic EPS 2.44 2.61 2.34 2.05 2.07Diluted EPS 2.41 2.57 2.31 2.02 2.04

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EPS After Extra Ordinary

Basic EPS 2.44 2.61 2.34 2.05 2.07

Diluted EPS 2.41 2.57 2.31 2.02 2.04

Public Share Holding

No Of Shares (Crores) 787.83 785.47 783.26 779.91 779.43Share Holding (%) 99.7 99.7 99.7 99.7 99.69

Promoters and Promoter

Group Shareholding

a) Pledged/Encumbered

- Number of shares (Crores) -- -- -- -- --

- Per. of shares (as a % of thetotal sh. of prom. and promotergroup) -- -- -- -- --

- Per. of shares (as a % of the

total Share Cap. of the company) -- -- -- -- --b) Non-encumbered

- Number of shares (Crores) -- -- -- -- --

- Per. of shares (as a % of thetotal sh. of prom. and promotergroup) -- -- -- -- --

- Per. of shares (as a % of thetotal Share Cap. of the company) -- -- -- -- --

CONCLUSION

Your Companys Board and employees are inspired by the Vision of sustaining yourCompanys position as one of Indias most admired and valuable companies through world

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class performance, creating enduring value for all stakeholders, including the shareholders

and the Indian society. Each business within the portfolio is continuously engaged in

upgrading strategic capability to effectively address the challenge of growth in an

increasingly competitive market scenario. Effective management of diversity enhances your

Companys adaptive capability and provides the intrinsic ability to effectively manage

business risk. The vision of enlarging your Companys contribution to the Indian economy is

manifest in the creation of unique business models that foster international competitiveness of

not only its businesses but also of the entire value chain of which it is a part.

Inspired by this Vision, driven by Values and powered by internal Vitality, your Directors

and employees look forward to the future with confidence and stand committed to creating an

even brighter future for all stakeholders.

BIBLIOGRAPHY

www.google.co.in

www.rediffmoney.com

www.wikipedia.com

www.moneycontrol.com

http://www.google.co.in/http://www.rediffmoney.com/http://www.wikipedia.com/http://www.moneycontrol.com/http://www.google.co.in/http://www.rediffmoney.com/http://www.wikipedia.com/http://www.moneycontrol.com/