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ITC Share Price: Shares of the Nifty 50 company gained around 4 per cent on Monday (August 3) after the FMCG major reported its Q1 FY27 results in the previous session.
As of 11:35 am, the stock was trading up 2.9 per cent, or Rs 8.1, at Rs 289.10. During the session, it touched an intraday high of Rs 292.55, marking a gain of 4.1 per cent from the previous session's closing price of Rs 281. (ITC Stock Price)
ITC Q1 Results
The rally came after the company reported a 27.64 per cent year-on-year increase in revenue from operations to Rs 29,523.3 crore in the first quarter of FY27, compared with Rs 23,129.35 crore a year earlier. Revenue from the sale of products rose 27.82 per cent to Rs 29,409.82 crore.
The Kolkata-headquartered company, however, reported a 15.6 per cent decline in consolidated net profit for the June 2026 quarter to Rs 4,508.79 crore.
Meanwhile, the company's non-cigarette FMCG business continued to deliver strong growth. Revenue from the FMCG-Others segment increased 15 per cent year-on-year to Rs 6,687 crore, driven by robust demand across packaged foods, dairy products and personal care categories.
Profit before interest and taxes (PBIT) for the segment rose 21 per cent to Rs 485 crore, while the segment's EBITDA margin expanded by 55 basis points year-on-year, excluding the impact of Sresta Natural Bioproducts.
ITC Share Price Target 2026
Following the company's Q1 FY27 results, several brokerages, including Jefferies, Goldman Sachs, Nuvama and JP Morgan, revised their ratings and price targets for the stock, with views ranging from bearish to bullish.
Here's what the brokerages have to say:
Brokerage | ITC Share Price Target | Rating | Upside % |
| Jefferies | 350 | Buy (Upgraded from Hold) | 21.07% |
| PL Capital | 291 | Reduce (Upgraded from Hold) | 0.66% |
| Nomura | 340 | Buy (Upgraded from Reduce) | 17.61% |
| Goldman Sachs | 290 | Neutral | 0.31% |
| Nuvama | 310 | Hold | 7.23% |
| JP Morgan | 310 | Neutral | 7.23% |
| Macquarie | 330 | Neutral | 14.15% |
| HSBC | 320 | Hold | 10.69% |
ITC Stock Performance
The upside projected by brokerages suggests potential for further gains in the stock following its recent underperformance.
ITC shares have delivered mixed returns across different time frames. The stock gained 1 per cent over the past week but slipped 0.43 per cent in the last month. The longer-term trend remains weak, with the stock declining 20.65 per cent year-to-date, 30.68 per cent over the past year, and 36.70 per cent over the last three years.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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