NSE: ITC | BSE: 500875

Mid-range Performer

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422.10 2.70 (0.64%)

8.7M NSE+BSE Volume

NSE 15 Jul, 2025 3:31 PM (IST)

528,557.1

Market Cap

Market Leader

0.7

Beta 1Year

Very Low volatility

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.

29 Jun 2018

422.10

0.64%

ITC

Buy: ITC Ltd.

JM Financial

FY18 AR: Government remained the bigger beneficiary The GST Council's (perhaps unintentional?) u-turn on cigarette taxation immediately post GST rollout ensured that government retained a lion's share of ITC's value-addition. Over the past 5 years, 73% of the total value-added by ITC accrued to the government (value-added' defined as the value created by the economic activities of the company and its employees). ITC contributed a cumulative INR 1.5tn (USD 23bn) to the Exchequer over the past 5 years (FY14-18) during which period its own profits were just INR477bn (USD 7.3bn) - share of the government in the value-added by ITC is 3.5x the amount that accrued to the providers of...

ITC Ltd. is trading below its 50 day SMA of 422.4

ITC Ltd.

17 May 2018

422.10

0.64%

ITC Ltd Q4FY18 Result Comment

ITC Ltd.

HDFC Securities

Revenue grew by 8.34% to Rs. 10479.24 Cr in Q4FY18 when compared to the previous quarter. ITC Ltd Q4FY18 Result Comment

ITC Ltd. is trading below its 50 day SMA of 422.4

ITC Ltd.

17 May 2018

422.10

0.64%

ITC (4QFY18): Worst is now behind. Maintain BUY

Buy: ITC Ltd.

HDFC Securities

Reiterate BUY. Our TP is Rs 358, at 32x Mar-20E EPS. ITCs gross revenue grew by 3.6% vs. our expectation of 6.5%. Cigarette value growth was ~6% with volume contraction of ~3% (inline). EBITDA/ APAT grew by 7/10% vs. expectation of 10/10%. Despite steep rise in taxes, ITC has improved cigarette performance consistently. Sequentially volume decline is abating and we expect positive volume growth in FY19. EBIT growth at 8% is encouraging (margin expansion) despite downtrading.

ITC Ltd. is trading above its 100 day SMA of 417.6

ITC Ltd.

17 May 2018

422.10

0.64%

ITC Limited

Buy: ITC Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research ITC posted decline in net revenue (net of excise duty for base quarter and in current quarter) by 4.8% YoY to | 10,586.7 crore. Cigarette segment revenue numbers are not comparable. However, FMCG & hotels business saw growth of 5.8% & 5.6%, respectively. Agri business & paperboard segment saw de-growth of 5.7% and 5.2%, respectively. Cigarette volume declined ~2% after the steep price hike taken by company to pass on the GST increase in July 2017...

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

ITC Ltd.

16 May 2018

422.10

0.64%

ITC: Gloom receding, but improvement to be gradual

Neutral: ITC Ltd.

Target

Motilal Oswal

Cigarette volume decline is likely to have been ~2% YoY. Calculated cigarette revenue declined ~ 4.3% YoY, while cigarette EBIT grew ~8% YoY(~ 800bp expansion of EBIT margin). There have been no price increases over the past 4-5 months, particularly as the budget left taxes on cigarette sun changed. However, there is a risk of a change in cigarettes rates in the subsequent GST Council meetings

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

ITC Ltd.

02 May 2018

422.10

0.64%

ITC Ltd.

Buy: ITC Ltd.

Ashika Research

ITC Ltd. is trading below its 50 day SMA of 422.4

ITC Ltd.

29 Jan 2018

422.10

0.64%

ITC Limited

ITC Ltd.

SMC online

The Company delivered steady performance during the quarter despite a challenging operating environment marked by severe pressure on legal Cigarette industry volumes and limited trading opportunities in Agri Business. While the FMCG industry witnessed progressive recovery during...

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

ITC Ltd.

25 Jan 2018

422.10

0.64%

Result Update:ITC

Buy: ITC Ltd.

Target

Axis Direct

We see ITC as a pocket of opportunity stock underperformance to reverse, given expected easing in regulatory noise post GST. We expect 9% sales and 10% EPS CAGR over F17-20E. Maintain BUY with rolled over TP of Rs 330 based on forward P/E of 30x.

ITC Ltd. is trading above its 100 day SMA of 417.6

ITC Ltd.

22 Jan 2018

422.10

0.64%

ITC (3QFY18): In-line quarter. Maintain BUY

Buy: ITC Ltd.

HDFC Securities

Reiterate BUY. Our TP is Rs 358, at 32x Dec-19E EPS. ITC posted an in-line quarter. Net revenues grew by 7.7% YoY at Rs 99.5bn, in-line with our expectation of 8.1%. EBITDA and APAT grew 10% and 6%. With higher indirect tax incidence post GST, cigarette revenues grew merely ~5%, impacted by ~4% volume contraction (vs est. 2%). Due to higher share <64mm cigarette, the price hike of 10-11% was not visible fully. Cigarette volume pressure was across cigarette sizes.

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

Is ITC Ltd. worth buying?

6167 Votes:

Buy 76.84%

Sell 12.03%

Hold 11.12%

RESEARCH REPORTS

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Buy SEE REPORTS >

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