ITC (Indian Tobacco Company) the largest cigarette maker company which diversified its business in hotels, papers and packaging etc. is listed as most valued fast moving consumer goods (FMCG) company crossing the record of Hindustan Unilever (HUL).
It has market capitalization of ₹6.15 lakh crore. It surpassed the market price of Hindustan Unilever. Its stock reached to ₹497.55 per piece in Bombay Stock Exchange (BSE) session on July 21. In last financial year, the vast business of ITC helped it to earn 30% per share.
HUL still faces post pandemic recovery in rural India. While looking at the growing business of ITC, investors prefer ITC over HUL. And another important thing is there is no much competition to the Cigarette business of ITC in the market, so it is keeping the brand on better position.
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