NSE: ITC | BSE: 500875

Falling Comet

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409.75 8.85 (2.21%)

25.6M NSE+BSE Volume

NSE 29 Aug, 2025 3:31 PM (IST)

513,280

Market Cap

Market Leader

0.6

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.

27 Jul 2018

409.75

2.21%

Maruti Suzuki

Buy: ITC Ltd.

Kotak Securities

ITC's EBITDA/ PAT growth was reasonably healthy at +19.2%/+18.2% YoY, well ahead of our and consensus estimates with significant improvement in performance in cigarettes/ other segments in the aggregate. Strong performance was exhibited by Cigarettes, Agri-business and Paper board. Despite strong performance, ITC is trading at a steep discount to other large FMCG players, which trades at 35x-45X FY20E PER (vs. 25X FY20E PER for ITC)....

Number of MF schemes decreased from 51 to 45 in Jun 2025 qtr

ITC Ltd.

05 Jul 2018

409.75

2.21%

ITC

Buy: ITC Ltd.

Dolat Capital

Legal cigarette industry reeling under pressure The legitimate cigarette industry in India declined steadily since 2010-11 at a CAGR of 4.8% p.a., however, illegal cigarette volumes have grown at about 5% p.a. during the same period, making India the 4th largest illegal cigarette market in the world. This results in ` 130bn revenue loss to the government each year. While legal cigarettes in India contribute 87% of tax revenue, it constitutes only 11% of tobacco consumption. India is studying the Kenyan model of tracking tobacco products to curb illicit trade that leads to loss of tax revenue. The mechanism...

Number of MF schemes decreased from 51 to 45 in Jun 2025 qtr

ITC Ltd.

05 Jul 2018

409.75

2.21%

ITC

Buy: ITC Ltd.

Dolat Capital

ITC Ltd. is trading below all available SMAs

ITC Ltd.

29 Jun 2018, 12:00AM

409.75

2.21%

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...

Number of MF schemes decreased from 51 to 45 in Jun 2025 qtr

ITC Ltd.

17 May 2018

409.75

2.21%

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 all available SMAs

ITC Ltd.

17 May 2018

409.75

2.21%

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 below all available SMAs

ITC Ltd.

17 May 2018

409.75

2.21%

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 MF schemes decreased from 51 to 45 in Jun 2025 qtr

ITC Ltd.

16 May 2018

409.75

2.21%

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