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ITC Lweted 1s
HiSTORY
an Indian wtiaheual euglowuerate cowxpaya
headquasrtesxed in ksikat a, dest Bengal. Estabished in 1910 a e

Tpeual Tobacco Cowpany s India ieted, e senjpa

enanes as he Tndia Tobacco leup a y , o o stands renoauned

to h e sanne. I T e ha diveisi Ked p r e n e e acrets induurie& such

a
åqatettes, FHCG,Hotela, Pacleoging. Paperboastd and Fapes and
Aarubuaius.The Conupauy state 1oo qeau ago a 2010 and in

2019 2o had an annua tuenevex <US$1o:44 i e n and a

KAaket Lapitalieahen e Us 2S SUen Tt pleys over 36,500

employeos at mere a n looo ocakeus acreii India and is p att 5
h e Forbe 200o üut

ITC ited" oa orioinally nauned Iuperiol To baceo and

named " Tupeial Tolbacco Coupay oTudia linited
Od and Ho wiU 24th Auguut 1910 a Britcl eoned
SucceedGna em

cenpay neqistered in Cal ctta Sinee tnen the Lewpa oal lag ely

based en aqpo eltual reseoice,it venored into patnesåps in

1141 H daswners ren Seut Tdia to seuce lea tobacco. Under
FGRCER
e Cepay's wmbreUa, he Indian lea Tobaco Developueu&

Cenipaw indted' o a ored in Andha Prodeah în 1912.Tue

Rrst ciqaueie tactory she cenpomy Loa cet up in 1913 in
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bangolore . As me cetipau euoneasip proqueaively indiauised,

e nae s e ceupauy Loas chaugas to 'TndioTobacco

Cpa inited n19o and en ITeindted' 1q44.
I recoqnaieu s t e Itc's di-buuiwels porttouo
encepauna a oide auae uinus, he tul ttops în he
CePo
ame were renuoved ckve re Sep tennbe 18,
2001 The coupamy noo stauds necoistened, 'TTeUnited', uher
ITC 1 tdday loqen
o an
auomyu o r itiauied dorna
an

FKRCER
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PRODUCTs ND
ERVICES FFERED
ITC hoas diveuahes preence in Branded Packaged ooda, Psenol Case,

Educaiewand Staienery, Agas battis and Sakeky Natcha LestyleRedasing.

Gqaxe tles ansGaosu,Hotela,Paperboosda and Spaaalk Tapus, fack.aginq
Agri-busis and Tormuafen Taehnolo
Tachnology

Produch and service> sred by ITeose

1 fast Hoviq Ceauuex Goods CFMCGJ: ITC has a idh uix PMG
Por tfuo o i h i s cutouised and dasiqmed o salhsy the ceulunmers' neea

and w a u k .

food Suast, Gingo, Yfppes,etc

Pextea laue fiama, Vivel, Savlon, ate
Edueahen and Staheua Cadsaase, Paperkrat

fv Lteshle Rsaing: oius Lifestyle

vAgoxbathis. MaugaldeeP
FIGREER
vi Saey Matehu: Ai, Hewe itea

v Ciqasuettea. Tnsiqusa, laasie, Gold Aale,etc

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2 Hotels Lounched tn 195, TTe Hotel, Indid's praniex chaiu

uwuy hotela, ko becene iqneuywsuu oit Tudiau hozpitat:

Aqi-Busiuu TTei eue 5 Tdia'slasqetidearoted agi buaas

enter prise uotH sigtcau preence auoss evey sde <tthe agri voua
hain. It cuooedy locues pu exPor and dsueake radiuy
Feed Tuarediew. Seyourea
u food Grai wuat and ohaat Aous, Rice, Pudae . Basdy aud Maze.

Maane Produck. Swüps aundrasu

ivProcsd Frik : früt Coueerates,Froen frit, Orgauie rust Produck.
vCoftce

4Pap boatds ad &peial&y Papes Busines ITes Papeboosud aud

Specialky Papexs Dvisieuis LSia's losqut, tecenotooieally advaneed and uuost
ece-indy pape and Poperboadtds busuns.
Packaiug Boasds: SaRre Graphik, Art Haearo, Tndo bar, k.
ur Speialky Papers. Perua DLite, lDrap Oe,Dieor Papers, et

3 Por naakeu Technoloqy ITe Tnjotech ic a leadiuaqo ba te.cknoloqy

services and seluhou proridan, les by Buaiu and ecknotogy Ceuaulhuq.
FIGREER e cepauyprovidu teahnslogy sotuien aund servias o enterprise auross
nduaies sudh a Baiuq and Finandal Lerviea, Healt casie, Manuacuri,
ousuer Goeda, Travaland HoLpitalGy, ouah a cenbinaken o radi Kenal
a y weder b u i n s wundila as a lon-ter Luutaiuable pasmer
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Y Packaqng TTe's Packagung and Pikug buinas is Re Losqet

valus addes aonverter oppurbcasud pachaqinqn Seut Aia.t ceuvert
over te,bOO oune paper,paperb0ord anJ landnates perannum.
Cashons Packagiva
Y Plexible Packa
Tobaeto Patkagng
Tv Innov aken ans Nas
Produet Dwelopnaeut
vareenPacka

FEGREER
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DIGNIFICANT VENTS
191o
O n 24* Auq uust h e Campauy uwas incettporat ed as a Private Ltd.

cowpa uder e name, Iupuid Tobacco Co Tndia Ltd

1953:
lhe cepay aqure the wmautachu ng busineaS s obacco

Maachoes (Tnd) td ad dhecowplened asy tographie

Pr wkia buainest d Priuters (India) ltd

1954:
lhe cepanu was Cenveates into a Pubue t d Ceipauy.

1969
.
Mr At Naxon becenei the Krat Indian Choirwan
t cepany
1940
Ine hawe the ceupany oas ehanqed frew Inmpeial Tobacco
o ndia ltd to ndia Tobacco Cs Ltd.
1942:

he copauy etened ino hotel buineis.

1944
ThE to LTC Ctd
PIOREER e CoApaws nane agai chanaqed
1988

he cexpa lorwued a nes divide calld Aari businexs Divifen

tor casying eut ueseaxc and develop meut en prodw chen and
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dishibukow g ddng cdkivades

1990

R e d wutond sil unde e .brand nanne REAL GOLD' oas înoduced

i n h wale et

1993:
The cewpaySucceas ully launched Heuo brand iqasuetta.

Tioo neo bTaunds, tat ît,'claaeia uild' and 'Heus s re launeha

at he preuuun and snall-Lenghn nd rupechvely.
2002

ITC, Tobacco Hafe, lanched Aaulirvoad Ata, aking ik &oray în me

Lndi a Ata Maket
ITC Foods anITCUd, RnalUy oroye its way to the Z1,OD rore

Ceutechenan haslkeet
ITC Greakug Cauds businaac has orayed uo staiewery pro duch Seqmert
oit e launc oExpresde Paperkrat
LTCy noo woved touoasds match buiness.

2003:
.TTe bo4qd Gotden Peacdde Auoard or Cleaner Tec
ITC uvuld neuo braus gosbottis
2064:

1Tes LOi La Lteahle unvled its tal lot nter couecHom

FFGRECR
.ITe food lawnches a
nange 'coolng pastes undes its ready- to
eat geutwmet cuiine brand Kitehens s Tdia ans neady meal
Aauirvoaad bran.
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200S
ITC Ltd becenes h e veufeuo cenpauie tn Tndi to
ene

olbtai n he oveted uality Mauag n e t

Sygte Cerhhtahen
TSo 0oL200o or inveaor serviug
ITe Ltd usiu 'Golden Peacodk Guolbal Auoad *or Corporate Soda
Respeusibithy lCCR) in Emergina Ecouonder tor 2005'.

Sunteast breaks Guiness udorld Record o r

&inuultaueeus ree
plaudaKeu
200.

ITC has secuud sewen aoakds ot he 294 AU- Tndia Annual

Coerence oHe Publie Relaken Sodehy India CPRST) hsld în
hanua

2011:
ITe td Padwa Bhuushan or Mr. Ye Deweamoan, choirwan the
Cepa
ITL, Kuci Seya "'s oorldi 50 tauteat conaunen Kru.
I T e had euteed îub
üfeshyle retatng and he statienery seqwes
thoug i t prendwn brand

2012:
ITC bestooed s t 2012 World Business as DerelLopwnent Auoand.
Hr Yc Deresuwa, hairan s the lenpauy , has been rauleed e T
EIGREER
Best Peroruing CEo in the world
pubishe by dthe Havoskd Buiness
Reius
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2013
ITC Tutotec betewes the 1st PTC autorited Traidng Posnerin Tndta
2014

TTC lancdhes neus braund Fo34udamd lor re r uk and veqet ablea

ITe Lonibudte to acive Sisach Bhoat tseus îustiafves.

2018
iene brawd Saylou, becae he Rrst Tudian brand
to uoi h e Grand trix tor Craakve Efechveneas at tne coveted

Counes Lieu 2018.

2020 Cou +buKeu Duwua Lock douon in India :

150 crore Covid cong ny Rnd created

i6D crore Pledqed or PM Catea Rund.
Reacing eatatial prodaus acrots India
Ralliug Saylon Haus Sauaksex Produafeu
DisrRbuhug cooked weal to he eedy an wiqrat uobrLers
Ooranq o i t taanuers haough ITc's tostest nehoork

Coulaboraing usiH NGO to supply easentials to the eldery and chidren.

Supporhng patmers and emceueagi retine uoorkers I t c

Providinq osd do he disreaxed and preiding quaaniingspaces

ITC Hotels

FIOREER
Generaiq aucaeeness oough brand and buinas eampoiqu
Enuung anuployee ael bana and saey
 SHARE Pk Td LTE
ROA NARdH2O16 cEudost
2:802301

A5O 42

16+

110

160

S20

2011 2012 2013 2014 215 201L 241 2018 2019 202o 2021
Yeas
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IREND ANALYSIS
The shate price TTC Ltd Jor he last 10 qeau
Date Price ()
31 3 2o1o 8+ 26
31 3 2o11 120 12
31 3 2012 15042
31 3 2o13 205 15

313 2014 233.12

31 3-2015 216 62
31.3 2016 21t 62

31 3 2o14 280 30
31 3 20 18 2SS 50
31 3- 20i9 294 25

313 2020 1+1 Bo

313 2021 218 5 o

kualyis:
The Tetuin en eqüy CROE) was ex rewmea igkr 201oto
2014.Tt was ankúpated hat ITc oeudd be Successu l in
FIOREER
h e FMeG naanket or a louger peüodHnme. The iqastetle

sals oen inaeasing and he cigasete buuineLs sauo a siai hcan

e o h in velume.
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I n 2014 and 201S, he cempany'i skok pri ce dsuopp

T cemapa had no poctive Cal How ren amy t
seanen
apont rewa 4he Ciqaete bui uoAs The hotel seq uent alao
suered
huge Uose cempauy's dabk stated to rise ohid Lad io
a decne tn t RoE. The E MCG buinss alao taåkd to weet
he wanlet &
expectaheus

Folowing 201i a s 2014, Lalek aU sughaut the Loorld beaan

to Cosider enviremnnental, sodal aud aover nace CELG) Aackors

shi le inves hug, wi ITC Laina a bach sebt. Tuere nad alao
been a
negahve rise in igaetles
aa reiult s g inddences o
as

xse duty o deumestically waau ackud ciqavetiea, uich had

res ulted in counterfet igaetes uoodina ndia.

ITc's stol price hal renadned Cedistet in Hecet

yeas a

a reault s it q dividend payeut psliey Tuis has rexwdedin

e post-tax retusn bein nealy equal o t e înceue ren
hxe depot.

FEGRECR
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ASH FLOwSOTATEMENT
Or Irc LTD
Cas Plouo Statemeut or the y uded 31at Maxe 2021

Forhe yeax ended or He yeax ended

31st Mare2021 3ist Maroh,2020
C2in Crores) (in Crore)
A CASH fLOD FR0M oPGRATING ACeTIVITIESs

PROFITSbEfoRE TAX 1414-15 191&6 81

ADTUSTMENTS FoR
Deprecaken and Aurorhzaheu expense 1561-83 15&-24
Shase baaed paynueuk to euuployees 2t15 ioS-+
Fiuance Coss 4444 5542
Lwtexest Inceme (1224-82) 4438 819
idend Incue (55111)
Lose e $ale sproperplat and equipueu
Lease teruinakeu- Net 55-04 508
FICREER

Deuubltul and bad debk 2602

Douthul aud bad adsancea, loand and deposi k 3304

Iupairwent dinweumeut in jod votteve 10-00

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Net (qoduI Loss asüsnqonRiandi o uhruuenk

Aaudaoriy nieaausted ot Gr voluu Hsuugh
proit or Loss (4L0+S3 (9442
Foreiqn uoLLney auslai ouas and
Erauuacheus-Net 13-00)318 4) r44 1124
PERATING PROeIT BEFo RE WORKING

CAPITAL Ct ANGES A584S4 18038 32

ADTUSTMENTS Fo
Trade receivables, aduances and oer aiek (99-38) 15 33

Lnvenories (135b 9 (49D-8

Trode paualbles,oker iatit hes and preiieus LOSS43 (14-8(s85) 418-00

CASH GENERATED RON ofERATIONS 154Sb 5+ 1845L32

Incewetax paid (3156-42 CH&SD14
NET CASH FROM orEtATING ACTIVITIES 1149315 138oL-18

BCASH PLDUO PROM INVESTING ACTIVITIES

Pustckase 4properhplaut and cqúpwen
Intaugi bles, Rov aseeh ete (1582-09) 21403)
Sale dpro pexky, plaut and equipuent 266 2645

Pu choaeutet invasaeh (51ca.18) K44802 59

Salelredemmpheu s usetet iusestenk 561&12 1214 00

FICHEERR Paymet tousooda buuinasConbinaKer (21 2)

Inveshueut n Subidiasu e (314-5 (202 3)
Iweseut in asso date (18-
Pus chase onon-cuouut invesmueuk (4881 (19&44
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Redeuphen proceeds dnon-cusu4nt invecmueudk 11120 342963

Dividend Tnceue 42314 551.11

Iterest recdvad 1199.36 1431-26

Iwveseut in baude depoihk
Corinal ahsümore HRhan 3uswt) (40602) 46b6 5
Redenpheulwakuoúkybae depoik
Coridnad wahitnaere an Bmusaud) 62S4-34 3So8-18&
Invesmedîn depogt usi H heuing nance

paie 48-38) (58S-16)

Redephenl mahodty depot uit heuain
Hnonce cempauie &4443 99 15

Loaus ven (2-12) (3-22)

Loas realiseD 5-32 6-24

NET CASH FROM/UsED IA) TNVESTING

ACTIVITIES G494-8 5S1641
C:CASH FLoo FROM FINANCING ACTIVITIES

Proceeds eisu dshae capte 290-L5 6230

Kepayweut onon-Cuooreud borreoiuas (226) (3-23)

Pa u t leaae liabilha (41-6) 4403)
Iwteaest paid (43-4) (4SS4)
FICREER
Net incralelCdecrease) in statory reahicted|
acceuns balances 41-14 (1-14)
Dividend paid 18 C29-29) C7048-4D
Dividend dribuhen toxlpaia) rekaund recaived 1398 (1313 5
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NET CASH ULED TN FINANCING ACTIVITIES

(4890-8
NET INCRENSE I(DECREALe) IN CASH AND

CASH EQUIVALENTS (304-o 399.6o

OPENING CASH AND CASH EQUIVALENTS 561-3S 1C2-S

CASH AND CASH EQUIVALENTS AQUIRED

ON BUSNECS CONBINAT1ON

CLoSING CALH AND ASH EQUIVALENTS 2312S 561-3S

Notea
1The aloeve Coh lous Statewieut hos becn prepaxe underthe"Indirect
Matod " as sd out in Ind AS-* "SAad ennedt C a flouog".
2 CASH AnD CALH EGUIvALENT!

Ca aud cah equivalen aa abew. 231-2 561 3S

Owrealises goinllot) e foreign eusoey

co and can equivalan 0 49

Cauh and ca equvalauh 231-2 561-84

3 Ca ad lau Equivakuh include 5.as Crora bnaquitihonSudte
fcda Rivake Liwitesdusiug sha peiodaudt neluses n the eloiu
Lal and Caal Equivalank.
4Net Cas Flod ko Operahng Achihes ineludss an anneut
3 18 Crores
FIOEER
2020 2322-06 Crorea) sped dooaskd Cor porate Soca
Keapoar bil