ITC Limited

ITC Limited (ITC) is a large-cap Fast Moving Consumer Goods company valued at ₹3.30 lakh crore operating in Diversified FMCG on the NSE and BSE.

Recent price move

ITC Limited last traded at ₹263.5, modestly down 0.15% on the day.

Recent developments

On 2026-10-16, the company set a board meeting date to declare Q2 results for FY27, with net profit potentially declining due to cigarette taxation. On 2026-10-15, ITC shares fell 4% to near their 52-week low after a ₹9,437-crore block deal. The same day, a positive development noted that the GST Council may protect genuine buyers from ITC's losses due to supplier tax defaults. On 2026-10-09, the GST Council allowed pharma companies to claim ITC on free samples and goods destroyed upon expiry starting from FY28.

Financial performance

The company's annual revenue rose 4.7% to ₹78,868 crore, but net profit fell 40.0% to ₹21,018 crore, reflecting a significant decline in profitability. The latest quarter saw revenue drop 11.1% to ₹19,114 crore and net profit fall 15.6% to ₹4,509 crore compared to the same quarter a year earlier, with margins narrowing sharply.

Valuation multiples

The stock trades at 15.9 times earnings, a discount to the Fast Moving Consumer Goods median of 19.6, 4.48 times book value. It yields 5.6%.

Things to watch

The company's net profit margin fell 19.9 percentage points to 26.6%, indicating a significant deterioration in profitability. The stock is 38.2% below its 52-week high, and recent block deals suggest selling pressure. The latest quarter's net profit declined 15.6% compared to the same quarter a year earlier, highlighting ongoing challenges in maintaining profit growth.

Where it stands

The company's revenue growth has slowed, with annual revenue rising 4.7% and profit falling 40.0% year-on-year. The latest quarter's net profit dropped 15.6% compared to the same quarter a year earlier, while the stock is 38.2% below its 52-week high. The most significant movement is the sharp decline in net profit, which reflects ongoing challenges in maintaining profitability.

Summarised by DocStoX's model on 2026-10-17 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.