My investment in ITC purely based on their revenue from Tobacco. The poor strategy of ITC in leveraging their brands like Ashirvaad to mop up sales of salt, ghee, pulses etc., has been discussed length and breadth in this forum.
I hardly get to see any of the ITC brands on the shelves of large outlets like Reliance Retail or my local Kirana store, except for atta.
Today, the revenue contribution from Consumer Goods is only 6%, which says it all.
Spin-offs of Hotels and ITC Infotech (in the future) can be potential wealth creators for current shareholders. Otherwise, enjoy the ride with Tobacco revenue
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