Unaudited Financial Results for the Quarter and Six Months ended 30^th September, 2015

PART I: Statement of Unaudited Financial Results for the Quarter and Six Months ended 30th September, 2015

 

PART II: Select information for the Quarter and Six Months ended 30th September, 2015

 

Notes :

(i)	The Unaudited Financial Results, Segment Results and Statement of Assets and Liabilities were reviewed by the Audit Committee and approved at the meeting of the Board of Directors of the Company held on 30th October, 2015.
(ii)	Figures for the previous periods are re-classified / re-arranged / re-grouped, wherever necessary, to correspond with the current period's classification / disclosure.
(iii)	The Company does not have any Exceptional or Extraordinary item to report for the above periods.
(iv)	The launch and rollout costs of the Company's brands 'Fiama', 'Vivel', 'Superia' and 'Engage' covering the range of personal care products of soaps, face washes, shower gels, skin care and deodorants, and the continuing significant brand building costs of the Foods businesses are reflected under 'Other expenses' stated above and in Segment Results under 'FMCG-Others'.
(v)	During the quarter, 1,09,75,530 Ordinary Shares of Re. 1/- each were issued and allotted under the Company's Employee Stock Option Schemes. Consequently, the issued and paid-up Share Capital of the Company as on 30th September, 2015 stands increased to Rs. 802,64,95,071/-.
(vi)	During the quarter, Russell Credit Limited, a wholly owned subsidiary, acquired the entire paid-up equity share capital of Rs. 4.89 crores of Wills Corporation Limited (Wills), another wholly owned subsidiary, consequent to which Wills ceased to be a direct subsidiary of ITC Limited with effect from 7th September, 2015.
(vii)	This statement is as per Clause 41 of the Listing Agreement.

Limited Review :

The Limited Review, as required under Clause 41 of the Listing Agreement has been completed and the related Report forwarded to the Stock Exchanges. This Report does not have any impact on the above 'Results and Notes' for the Quarter ended 30th September, 2015 which needs to be explained.

 

Unaudited Segment-wise Revenue, Results and Capital Employed for the Quarter and Six months ended 30th September, 2015

 

Notes :

(1)

The Company's corporate strategy aims at creating multiple drivers of growth anchored on its core competencies. The Company is currently focused on four business groups : FMCG, Hotels, Paperboards, Paper & Packaging and Agri Business. The Company's organisational structure and governance processes are designed to support effective management of multiple businesses while retaining focus on each one of them.

(2)

The business groups comprise the following :

FMCG

: Cigarettes

-

Cigarettes, Cigars etc.

: Others

-

Branded Packaged Foods Businesses (Staples, Snacks and Meals; Dairy and Beverages; Confections); Apparel; Education and Stationery Products; Personal Care Products; Safety Matches and Agarbattis.

Hotels

-

Hoteliering.

Paperboards, Paper & Packaging

-

Paperboards, Paper including Specialty Paper & Packaging including Flexibles.

Agri Business

-

Agri commodities such as soya, spices, coffee and leaf tobacco.

(3)

Segment results of 'FMCG : Others' are after considering significant business development, brand building and gestation costs of Branded Packaged Foods businesses and Personal Care Products business.

(4)

The Company's Agri Business markets agri commodities in the export and domestic markets; supplies agri raw materials to the Branded Packaged Foods Businesses and sources leaf tobacco for the Cigarettes Business.

(5)

Figures for the corresponding previous periods are re-arranged, wherever necessary, to conform to the figures of the current period.

Registered Office : Virginia House, 37 J.L. Nehru Road, Kolkata 700 071, India Dated : 30th October, 2015 Place : Kolkata, India	For and on behalf of the Board     Executive Director Chairman

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