ITC Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ITC, BSE:500875 ITC Ltd.

ITC Ltd.

08 Nov 2020

421.15

-0.66%

ITC: Q2FY21 Result Review

Buy: ITC Ltd.

IDBI Capital

ITC Limited (ITC) result was in-line with our estimates. Business recovery in Cigarettes has been better than expected driven by gradual unlocking of economy and improved consumer sentiment. However, performance of Hotel segment remained subdued; current quarter revenue stands at 19% of last year. Positively, Branded FMCG and Agri business continued its outperformance with high double digit value growth. Revenue from Paperboard and Packaging segment also recovered strongly compared to last quarter. Excluding Branded FMCG and Agri segment, all other segments witnessed decline in operating profits primarily led by negative operating leverage. Based on...

ITC Ltd. has an average target of 520.57 from 7 brokers.

ITC Ltd.

08 Nov 2020

421.15

-0.66%

ITC Limited

Buy: ITC Ltd.

Target

ICICI Securities Limited

Q2 revenues grew 14.6% YoY to | 5038 crore due to 19.8% YoY growth in domestic formulations to | 2090 crore. US revenues grew 10.1% YoY to | 1049 crore. RoW markets grew 28.2% YoY to | 828 crore. EU grew 30.0% YoY to | 247 crore. API segment grew 20.4% YoY to | 189 crore. EBITDA margins improved 266 bps YoY to 23.4% on account of a sharp drop in other expenditure amid Covid, partly offset by lower gross margins due to change in product mix. Subsequently, EBITDA grew 29.4% YoY to | 1177 crore. PAT...

ITC Ltd. is trading below its 50 day SMA of 422.1

ITC Ltd.

07 Nov 2020

421.15

-0.66%

Q2FY21 Result Update - FMCG Shines, Cigarettes remain a drag - BUY

Buy: ITC Ltd.

Target

Prabhudas Lilladhar

ITC's FMCG business reported 18.4% comparable sales growth and 9.7% EBIDTA margins even as 11.5% cigarette volume decline was disappointing. Overall business recovery has set in across segments, although cigarettes, Hotels and Leaf tobacco will have a delayed recovery. We believe strong sales momentum in Foods, Hygiene and success in the frozen snacks and Vegetables is a long term positive given that ITC's margins have started reflecting impact of cost control and scale. We believe ITC would be one of the key beneficiary of an uptick in consumer demand given the depth and...

ITC Ltd. has an average target of 520.57 from 7 brokers.

ITC Ltd.

09 Aug 2020

421.15

-0.66%

ITC

Buy: ITC Ltd.

Dolat Capital

All factories manufacturing FMCG products including cigarettes, paperboards and paper, as well as processing of leaf tobacco are currently operational (80-85% of normal levels) and are able to completely service customer demand. The only dampener now is localised lockdowns. Agrioperations of the company and engagement with farmers for sourcing various commodities driven by e-Choupal commenced during lockdown itself. To reassure guests at iconic Hotels, the WeAssure programme has been launched to reinforce ITC Hotels' commitment towards health, hygiene and safety. ITC has a strong balance sheet and continues to focus...

Number of MF schemes decreased from 432 to 51 in Mar 2025 qtr

ITC Ltd.

28 Jul 2020

421.15

-0.66%

ITC LIMITED

Buy: ITC Ltd.

Target

Geojit BNP Paribas

EBITDA margin contracted to 28.0% from 40.2% in Q1FY20, primarily due to raw material inflation (tobacco leaf), increased transportation costs, and high losses from hospitality business. We expect strong cash flows generation and operations being back on track in the coming quarters. We continue to remain optimistic and reiterate our BUY rating on the stock with a revised target price of Rs....

ITC Ltd. is trading below its 50 day SMA of 422.1

ITC Ltd.

27 Jul 2020

421.15

-0.66%

ITC

Results Update: ITC Ltd.

SMC online

ITC Ltd.s profit misses estimates, Profit Falls 25% but FMCG Revenue Rises 10.3%, Localized lockdowns are posing operational challenges Unprecedented disruptions in economic activity caused by nationwide lockdowns in the wake of COVID-19 pandemic weighed on the Company's performance during the quarter. Hotels, Cigarettes, ESPB and Paperboards & Packaging Businesses were impacted the most. FMCGOthers Segment delivered a strong performance driven by Staples, Convenience Foods and Health & Hygiene products, leveraging the strong equity of the Company's brands and a robust portfolio of relevant and innovative products. Other than the Hotels segment, progressive...

Number of MF schemes decreased from 432 to 51 in Mar 2025 qtr

ITC Ltd.

27 Jul 2020

421.15

-0.66%

Result Update:ITC

Buy: ITC Ltd.

Target

Axis Direct

ITC reported a better than expected Q1FY21 revenue at Rs 9,436crs vs est. 9,205crs (3% higher vs our estimates), it de-grew 17% YoY impacted by disruptions in operations due to nationwide lockdowns.

ITC Ltd. has an average target of 520.57 from 7 brokers.

ITC Ltd.

25 Jul 2020

421.15

-0.66%

ITC Limited

Buy: ITC Ltd.

Target

ICICI Securities Limited

Q1FY21 revenues grew 14% YoY to | 1671 crore (I-direct estimate: | 1651 crore) mainly due to 18.9% YoY growth in biosimilars to | 692 crore. The Generics segment grew 16.1% YoY to | 599 crore. Research services segment remained flat YoY at | 422 crore. EBITDA margins contracted 512 bps YoY to 24.7% (I-direct estimate: 22.2%) mainly due to lower gross margins and higher R&D; costs. EBITDA declined 5.5% YoY to | 413 crore against I-direct estimate of | 366 crore. Adjusted PAT declined 27.6% YoY to | 149 crore (I-direct estimate: | 127 crore). Delta vis--vis EBITDA was due...

Number of FII/FPI investors decreased from 1675 to 974 in Mar 2025 qtr

ITC Ltd.

25 Jul 2020

421.15

-0.66%

Sharp Cigarette volume decline and Hospitality losses affect profits

Neutral: ITC Ltd.

Target

Motilal Oswal

Expected dividend yield of 5-6% over the next two years and the apparent relief of cigarette sales bouncing back to near pre-COVID levels are not clear positives due to (a) persistent global ESG concerns on cigarettes (85% of EBIT in FY20), (b) overhang of further GST increase on cigarettes, (c) ITCs valuation premium to global tobacco majors like Philip Morris (trading at 15.2x one-year forward P/E) and BAT (at 8.1x), and (d) continuance of weak earnings trajectory (6.6% PBT CAGR over the last 5 years). PAT growth has still been better in high single-digits led by the Expected dividend yield of 5-6% over the next two years and the apparent relief of cigarette sales bouncing back to near pre-COVID levels are not clear positives due to (a) persistent global ESG concerns on cigarettes (85% of EBIT in FY20), (b) overhang of further GST increase on cigarettes, (c) ITCs valuation premium to global tobacco majors like Philip Morris (trading at 15.2x one-year forward P/E) and BAT (at 8.1x), and (d) continuance of weak earnings trajectory (6.6% PBT CAGR over the last 5 years).

ITC Ltd. has an average target of 520.57 from 7 brokers.

ITC Ltd.

24 Jul 2020

421.15

-0.66%

ITC

Buy: ITC Ltd.

Target

Dolat Capital

A 970bps decline in margin in the cigarette business indicates that the product mix was unfavorable and economy brand contribution must have increased during the quarter. Significant increase in duty has resulted in widening of price gap between ITC and smuggled cigarettes. We believe that this would continue to pressurize volume growth even after lockdown re-opens. FMCG business exhibited satisfactory performance with 10% revenue increase and 120bps margin expansion....

Number of MF schemes decreased from 432 to 51 in Mar 2025 qtr

Is ITC Ltd. worth buying?

6173 Votes:

Buy 76.87%

Sell 12.02%

Hold 11.11%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf