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ITC has blown up Rs1,000 crore in FMCG business
Over the past decade, ITC has been trying to de-emphasise its image of a tobacco company and present itself as a diversified conglomerate. Towards this end, it has merged the hotels business (ITC Hotels) and the paper business (ITC Bhadrachalam). It may have made sense to fund these capital-intensive businesses with the profits of cigarettes...
Rising costs, competition and unprofitable distractions are taking the fizz out of the king of good times
United Breweries (UB) is not exactly flying high these days, if the latest quarterly results are anything to go by. Performance was mixed at the two leading arms of the UB group—United Breweries and United Spirits. Maker of popular whisky brand McDowell’s No.1, United Spirits posted a...
Dish TV continues to lose money; now ARPU declines
Dish TV’s revenues for the September quarter have inched up 4.3% over the year-ago period. Losses were a bit lower, aided by conscious cost-cutting including paring its advertising and commission cost. The company posted a net loss of Rs56.10 crore against the estimate of Rs62.90 crore. The most important factor was that average revenue per...