ITC ventures to home care segment

Diversified tobacco major, ITC plans to acquire Kolkata-based floor cleaner maker Arpita Agro, which sells its products under the Nimyle brand. 

Detail of the deal are not yet disclosed by the company. Arpita Agro is the manufacturer of Nimyle brand of floor cleaners popular in Orissa, West Bengal and in other eastern areas. If completed, this deal will mark ITC's forays into the home care segment after tasting success in personal care segment.

For Q4FY18, ITC registered net profit at Rs. 2,933 crore, which is up 10 per cent on YoY basis, mainly due to increase in sales of packaged foods. The company's revenue fell 5 per cent to Rs. 10,586.5 crore, due partly to a 4.3 per cent decline in cigarette sales. 

Meanwhile, at 10:36 on Friday, the stock of ITC was quoting Rs. 270.05 per share, down by 0.17 per cent, while the benchmark index BSE Sensex was at 35,359.21, down 103.87 points or 0.29 per cent.