ITC Ltd.

NSE: ITC · Diversified FMCG

52W Range₹275 ₹427

Snapshot

Unlock ITC Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

ITC Limited is a diversified conglomerate operating across fast-moving consumer goods, hotels, paperboards, packaging, agri-business, and information technology. The company maintains a strong market presence in India through a wide portfolio of consumer brands and industrial services.

Business Model

The company generates revenue through the manufacturing and sale of consumer goods, hospitality services, paper products, and agricultural exports. It leverages a multi-business model to capture value across the entire supply chain, from farm-to-fork and industrial manufacturing to IT consultancy.

  • Incorporation Year:1910
  • Hotel Portfolio:113 hotels

Growth Outlook

Growth is driven by the expansion of the FMCG portfolio, scaling of the hospitality footprint, and continued investment in sustainable packaging and digital transformation services. The company focuses on leveraging its agri-sourcing capabilities to support its diverse consumer product segments.

Key Risks

  • Regulatory Risk. The company's core cigarette business is subject to stringent government regulations, high taxation, and evolving public health policies.
  • Commodity Price Volatility. Fluctuations in the prices of agricultural raw materials and paper pulp can significantly impact profit margins across the FMCG and paperboard segments.
  • Economic Cyclicality. The hospitality and luxury goods segments are sensitive to broader economic downturns and fluctuations in consumer discretionary spending.
  • Competition. Intense competition from both domestic and international players in the FMCG sector poses a continuous threat to market share and pricing power.

Price

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Key Metrics

REVENUE

₹89,913 Cr

TTM · consolidated

+8.3%YoY

NET PROFIT

₹21,018 Cr

TTM · consolidated

-40.0%YoY

EPS

₹16.52

TTM · consolidated

+3.8%YoY

RETURN ON EQUITY

29.7%

TTM · consolidated

-18.1 ppYoY

RETURN ON CAPITAL EMPLOYED

37.2%

TTM · consolidated

+2.0 ppYoY

P/E

16.9x

Q4 FY26 · consolidated

16.9 vs 19.0x5Y avg

EV/EBITDA

11.8x

Q4 FY26 · consolidated

11.8 vs 13.5x5Y avg

EBITDA MARGIN

33.1%

TTM · consolidated

-1.7 ppYoY

NET PROFIT MARGIN

23.0%

Q4 FY26 · consolidated

-74.2 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

+0.03xYoY

Peers · Diversified FMCG

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
ITC Ltd.ITC
3,65,98516.9111.828.3%33.1%29.7%37.2%-34.2%
Hindustan Unilever Ltd.HINDUNILVR
4,92,89746.6830.993.8%24.1%30.6%22.3%-16.7%
Hindustan Foods LimitedHNDFDS
5,97138.1617.2944.3%8.8%18.4%19.7%-1.2%
Godavari Bioref.GODAVARIB
1,56611.177.5312.3%15.2%19.3%-14.6%
Davangere SugarDAVANGERE
55610.3211.2711.1%21.3%2.2%7.5%-3.0%

As of Q4 FY26

Financials