NSE: ITC | BSE: 500875

Mid-range Performer

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420.65 -2.10 (-0.50%)

3.3M NSE+BSE Volume

NSE 21 Jul, 2025 1:36 PM (IST)

526,741.4

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.

22 Jan 2018

420.65

-0.50%

ITC Limited

Buy: ITC Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research ITC reported net revenue growth (net of excise duty for base quarter as well as in current quarter) of 5.7% YoY to | 9672.6 crore. Yearly numbers for cigarette segment are not comparable. FMCG & Hotels business witnessed a growth of 11.8% and 9.2% respectively. However, Agri buness & Paperboard segment saw de-growth of 8.4% and 4.2% respectively. Cigarette volume declined by 4% after...

ITC Ltd.'s price crossed below 50Day SMA today

ITC Ltd.

20 Jan 2018, 01:55PM

420.65

-0.50%

ITC Ltd Q3FY18 results comment

Results Update: ITC Ltd.

HDFC Securities

ITC Ltd Q3FY18 results comment Revenue decreased by 5.42% to Rs. 9672.57 Cr in Q3FY18 when compared to the previous quarter.

ITC Ltd.'s price crossed below 50Day SMA today

ITC Ltd.

19 Jan 2018

420.65

-0.50%

ITC - 3QFY18 Result Update

Buy: ITC Ltd.

Target

Reliance Securities

Results Largely In-line; Budget A Key Event to Watch Out For ITC has delivered largely an in-line performance in 3QFY18. While reported net revenues grew by 5.7% YoY to Rs96.7bn (vs. our estimate of Rs100.5bn), EBITDA increased by 10.4% YoY to Rs38.1bn (vs. our estimate of Rs37.4bn). Reported net profit surged by 16.8% YoY to Rs30.9bn (vs. our estimate of Rs28.3bn), mainly due to exceptional income of Rs4.1bn (Rs2.7bn post tax) pertaining to reversal of Entry Tax levied by Tamil Nadu following a favourable Supreme Court order. Adjusted for this, net profit came in line with our estimate. We expect ITC to post 9.6% revenue and 10.8% earnings CAGR through FY17-20E. Based on...

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

ITC Ltd.

09 Jan 2018

420.65

-0.50%

ITC (Update): Fiscal stress Tax burden for ITC. Maintain BUY

Buy: ITC Ltd.

HDFC Securities

We have a BUY rating with a TP of Rs 358, based on 32x Dec-19EPS. We see risk reward favoring ITC at current price. At CMP, the implied EPS CAGR (FY17-FY20E) at 30x FY20 P/E (Ex-ITC Sector P/E is at 37x FY20) is ~1% and reflecting higher discounting factored in the stock. ITCs last 5 year EPS CAGR (despite punitive taxes) is 10%. Even during the most challenging quarter i.e. 2QFY18, ITC posted 5.6% growth in APAT. Hence, we believe the stock has immense potential to perform well in the coming years. We expect Revenue/EBITDA/APAT CAGR of 9/10/10% respectively over FY17-20E.

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

ITC Ltd.

10 Nov 2017

420.65

-0.50%

Building blocks in place for 10x growth in 'Other FMCG &

Neutral: ITC Ltd.

Motilal Oswal

Our recent visits to ITC's e-Choupal and Choupal Saagar facilities in Madhya Pradesh's Sehore district underline the company's ambitious plans to grow its ITC IN Other FMCG' business. Management too, in its recent interviews in the media,...

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

ITC Ltd.

02 Nov 2017

420.65

-0.50%

Result Update:ITC

Buy: ITC Ltd.

Target

Axis Direct

Comparable cigarette gross sales and EBIT grew 1% and 2% with 6% volume decline. Cigarette volume was hurt due to GST rate pass-through. Other FMCG and paper sales grew 10% and 18%, while agri and hotels posted muted show.

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

ITC Ltd.

30 Oct 2017

420.65

-0.50%

ITC (2QFY18): Cigarette volume in-line. Maintain BUY

Buy: ITC Ltd.

Target

HDFC Securities

We have BUY rating with a TP of Rs 358, based on 32x Sep-19EPS. ITC net revenues were up 1% YoY at Rs 97.6bn. Like-to-like revenue grew 4% vs. 6% expectation. EBITDA and PAT grew 4% and 6% respectively. Amidst a rise in taxes, cigarette revenue growth was at ~2%, impacted by ~6% volume contraction (5% fall anticipated). The hike in Cigarette prices was ~11%, but an unfavourable product mix (higher share of <65mm Cigarettes) impacted Cigarette revenue growth. Volume pressure was softer in September, and could result in better volume traction in the coming quarters. FMCG at 10% revenue growth (like-to-like) and Paper at 18% EBIT growth were outliers in the Non-cigarette segment. Cigarette business, despite punitive taxes, registered ~10% and ~9% revenue CAGR in the last 10 and 5 years resp. We expect ITC to deliver ~7% CAGR in the Cigarette business over FY17-20E. Non-cigarette business can improve gradually, as most of their demand drivers are in a recovery stage. We expect ~13% sales CAGR over FY17-20E. ITC is a market leader in Cigarettes (~70% market share), notebooks, valued-added paperboards and a critical player in biscuits. The company operates at EBITDA margin of 36%, along with core RoCE of ~40%. We have BUY rating with a TP of Rs 358, based on 32x Sep-19EPS.

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

ITC Ltd.

30 Oct 2017

420.65

-0.50%

ITC Limited

Buy: ITC Ltd.

Recommendation

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research ITC reported net revenue growth (net of excise duty for base quarter as well as our estimates) of 7.2% YoY to | 10226.4 crore, marginally lower than our estimate of | 10593.8 crore. Amid higher tax incidence under GST, the cigarette business was adversely impacted and reported a volume decline of ~6% YoY, against our estimated decline of ~3% YoY (assuming realisation growth of ~12% YoY to pass on the increase in the tax incidence under GST)...

ITC Ltd.'s price crossed below 50Day SMA today

ITC Ltd.

27 Oct 2017

420.65

-0.50%

ITC: Cigarette volume decline higher than expected; outlook muted

Neutral: ITC Ltd.

Motilal Oswal

ITC's 2QFY18 net revenue grew 1.1% YoY (est. of +2.5%) to INR97.6b. EBITDA margin expanded 90bp YoY (est. of +160bp). EBITDA thus grew 3.6% YoY to INR37.6b (est. of +6.6%). Adj. PAT grew 5.6% YoY (est. of +9.5%) to INR26.4b. Cigarette volume is likely to have declined ~6% YoY, higher than our expectation of a 2% fall. We reckon the proportion of sub-65mm cigarette sales to have increased further. For cigarette, revenue declined 2.3% YoY, while EBIT grew 2.3% YoY (320bp expansion of EBIT margin on gross sales). Cigarette EBIT growth was the second weakest in 10 quarters, following a 1.7% increase...

ITC Ltd. is trading above its 100 day SMA of 418.1

ITC Ltd.

27 Oct 2017

420.65

-0.50%

ITC

Hold: ITC Ltd.

Sharekhan

Cigarette sales volume declined by 5-6%; Noncigarette FMCG outperforms: Revenue of the cigarette business grew by 1-2% on comparable basis, as cigarette sales volume declined by 5-6% on account of a substantial increase in tax rate under the GST regime. PBIT grew by 2.3% YoY on account of price hikes undertaken prior/ post GST implementation. Non-cigarette FMCG delivered a strong performance in the tough...

ITC Ltd.'s price crossed below 50Day SMA today

Is ITC Ltd. worth buying?

6179 Votes:

Buy 76.84%

Sell 12.04%

Hold 11.12%

RESEARCH REPORTS

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Buy SEE REPORTS >

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