ITC Share Price Target 2024-2030 Fundamentals & Quarterly Results

ITC Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – One hundred and thirteen years ago, ITC Limited was founded in 1910 in Virginia house Kolkata, West Bengal as a successful FMCG company before its expansion into software, packaging, paperboards and Agri business lines. With an equity capitalisation that stands at 5.54 trillion rupees, it ranks second behind Hindustan Unilever Limited (HUL) in terms of Market value among FMCG firms operating within India’s national borders. In the financial year 2022-23, Company gross Rs 78,498.70 crores in revenue collected from selling goods or services.

Latest Update – ITC announced that its standalone net profit rose marginally by 0.3 per cent on year-on-year (Y-o-Y) basis to Rs 4,917.45 crore for the June quarter against Rs 4,902.74 crore in the corresponding quarter of last year. The standalone revenue from operations during this period stood at Rs 18,077.24 crore compared to Rs 16,842.93 crore in the same period last year showing an increase of 7.32 per cent. However analysts were expecting ITC is most likely to post a rise of 2-6 percent in profits (Y-o-Y) on sales growth of about 6-7 percent.

ITC Overview

ITC was started in 1910 and is presently the biggest cigarette manufacturer and vendor in the nation. It has business divisions in five (5): FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business.

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ITC Business Profile

ITC is a major Indian private company and also a diversified business group that operates in Fast Moving Consumer Goods, Hotels as well as Paperboards and Packaging, Agri Business and Information Technology sectors. With revenue amounting to ₹ 69,481 crore gross and net profit at ₹ 18,753.31 crore (as at 31.03.2023) this corporation is recognized among the top value-generating firms within India.

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FMCG – Cigarettes

The organised internal market of cigarettes belongs to ITC where its dominance over the market is at 80% . It is a company that sells a variety of cigarette brands which include Insignia, India Kings, Classic, Gold Flake, American Club, Will’s Navy Cut, Players, Scissors, Capstan, Berkeley, Bristol, Flake, Silk Cut, and Duke & Royal.
India stands as the 4th largest market for illegal cigarettes globally. Besides accounting for only a 10th of total cigarette consumed, legal cigarettes contribute approximately 80% share of total tax collected.

FMCG – Others

ITC operates in several FMCG markets, with around 25 flagship brands. Some notable ones are:

-Packaged foods: Aashirvaad, Sunfeast, Bingo, Yippee noodles, Candyman and mint-o
– Personal Care: Savlon, Fiama, Vivel and Superia
– Stationary: Classmate and Paperkraft
– Apparels: WLS
– Agarbattis: Mangaldeep and AIM (matches)
‘ITC e-Store’, the Company’s exclusive D2C platform, is operational in 24,000+ pin-codes

Agri. Business

From the country, India tobacco company is the second largest exporter of agri products. It deals in feed ingredients, food grains, marine products, processed fruits, coffee etc.Under this vertical it exports leaf tobacco too. India tobacco company is India’s largest and world’s 5th largest leaf tobacco exporter.

During the first half of FY24, ITC IndiVision Limited (IIVL) wholly-owned subsidiary received all necessary approvals from regulators to produce products with nicotine or nicotine derivatives that meet US and EU pharmacopoeia standards.

Paperboards, Paper & Packaging

ITC stands out in the value-added paperboards sector, commanding the largest market share in India. The company is recognized for its premium packaging products made from paperboards, with a commitment to sustainability running through its entire range of products right down from biodegradable materials up to food-safe virgin boards made from newly-established woodlands.

Hotel Business

On August 23, the company consented to merge its hotel business with ITC Hotels Limited, which will be a new entity. ITC will retain a 40% stake in the new entity while the remaining 60% will belong to ITC’s current shareholders in proportion to their ownership.

ITC Hotels is a swiftly evolving chain of lodging service companies. It happens to be rated as the second largest line of hostel management service providers in India with 108 hotels located in over 70 places across the country serving a diversity of client segments. The number of rooms owned by it is approximately 290,000.

ITC Financial & Fundamentals

Quarterly Results

Revenue Split

Although Cigarettes sector only makes up 40% of revenue generation, it remains the most profitable section accounting for 81% of the profits before interest and tax (PBIT) for the company.

Cigarettes : 37% (vs ~57% in FY17)
FMCG : 23%
Hotels : 3%
Paperboards & Packaging :11%
Agri : 23%

CAGR Report

Shareholding Pattern

ITC Share Price Target 2024-2030 Forecast

ITC Share Price Target 2025

ITC Share Price Target 2026

ITC Share Price Target 2027

ITC Share Price Target 2028

ITC Share Price Target 2029

ITC Share Price Target 2030

Official website – itcportal.com