itc limited tobacco division 2FIRSTS ITC Limited Reserve Bison Pyramid

ITC Limited Reserve Bison Pyramid ITC Shares Fall 4% as Cigarette Excise Duty Hike Erases Rs. 70,000 Cr Market Value Understanding ITC and its Different Businesses & Brands ITC's journey from a tobacco company to a conglomerate From selling cigarettes to selling staples, ITC's journey is ultimately about how legacy businesses survivenot by abandoning their past, but by continuously rewriting what the future looks like Read more on IMPACT ITC finally pulled the trigger on the hotel demerger. Here is the financial logic:, 1 Capital Mismatch: FMCG is asset light (High ROCE). Hotels are asset heavy (Lower ROCE). Keeping them together

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