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HomeSTOCKS13,513 Crore Income; Better Than Expected Result; Share Target ₹482 And ₹512

13,513 Crore Income; Better Than Expected Result; Share Target ₹482 And ₹512

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FMCG sector giant ITC(NSE: ITC) has released its December quarter results. The company’s profits have been better than expected.

However, revenue, EBITDA, and margin were weaker. According to the data, profit has increased by 11 percent compared to last year, while there has been a limited increase in income.

On the other hand, there has been a decline in EBITDA and margin.

How Were The Quarterly Results?

ITC’s profit has increased by 10.8 percent to Rs 5572.1 crore compared to last year. The company made an income in the amount of 5031 crore in the same time last year.

There has been an increase of 1.6 percent in the income and the income has increased from Rs 16225.7 crore to Rs 16483.3 crore in a year. 

At the same time, EBITDA has fallen by 3.2 percent to Rs 6024 crore as compared to last year. 

Margins stood at 36.6 percent in the December quarter. Whereas in the same quarter last year, the margin was at 38.4 percent.

How Was The Performance Compared To Expectations?

The company’s profit was estimated to be Rs 5130 crore. However, in the results, the profit was 8.6 percent more than this. 

The estimated income was Rs 17050 crore, the results were 3.3 percent less than this. EBITDA was 6.3 percent less than expected. 

Whereas the market value was 37.7 percent as against a 36.6 percent margin in the December quarter.

How Was The Company Performance?

The income of ITC’s FMCG business has been Rs 13513 crore. Out of this, the income from the cigarette business has been Rs 8295 crore.

Whereas the company has earned Rs 5218 crore from other segments of FMCG. The company’s results have come after the market closed on Monday. 

On Monday, the stock closed at Rs 450 with a decline of more than one percent. On Tuesday, the share is trading at Rs 441.90 with a decline of 1.76%. According to experts, the share price can go up to Rs 482 to Rs 512.

About ITC Ltd

ITC Limited operates as an Indian-based holding company. Its divisions include fast-moving consumer goods (FMCG) Hotels, Paperboards, Paper and Packaging, and Agri businesses. 

The FMCG segment includes cigarettes, cigars, and other like stationery and education merchandise, health and personal care items,

including Agarbattis and safety matches, and packaged food businesses with branded packaging that includes staples, snacks, meals dairy and drinks biscuits and cakes, chocolates, coffee and confectionery. 

The agri-business segment comprises Agri products like rice, wheat spices, soya, coffee, and leaf tobacco. 

The Hotel segment comprises more than 120 properties operating under six distinct companies: 

ITC Hotels in the high-end segment Mementos for the premium lifestyle sector, Welcomhotel and Storii in the premium segment, Fortune in the mid-market to high-end segment, and WelcomHeritage in the heritage and leisure segment.

Fundamental Analysis of ITC Ltd

Market Cap₹ 5,49,955 Cr.
Current Price₹ 441.90 
52-wk High₹ 500
52-wk Low₹329
Stock P/E26.9
Book Value₹ 55.4
Dividend2.83 %
ROCE39.0 %
ROE29.1 %
Face Value₹ 1.00
P/B Value8.12
OPM37.2 %
EPS₹ 16.5
Debt₹ 284 Cr.
Debt to Equity0.00

ITC Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹480₹515
2025₹525₹558
2026₹600₹612
2027₹625₹648
2028₹680₹720
2029₹728₹750
2030₹755₹790
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ITC Ltd Shareholding Pattern

FII Holding
Dec 202242.99%
Mar 202343.35%
June 202343.62%
Sept 202343.34%
Dec 202343.26%
DII Holding
Dec 202242.19%
Mar 202342.08%
June 202341.92%
Sept 202341.94%
Dec 202341.98%
Govt. Holding
Dec 20220.04%
Mar 20230.04%
June 20230.04%
Sept 20230.04%
Dec 20230.04%
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Public Holding
Dec 202214.78%
Mar 202314.52%
June 202314.41%
Sept 202314.68%
Dec 202314.71%

 ITC Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹48,340 Cr
2020₹49,388 Cr
2021₹49,257 Cr
2022₹60,645 Cr
2023₹70,593 Cr

Last 5 Years’ Net Profit:

2019₹12,836 Cr
2020₹15,593 Cr
2021₹13,383Cr
2022₹15,503 Cr
2023₹20,803 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:10%
5 Years:12%
3 Years:7%
Current Year:12%

Last 10 years’ Return on Equity (ROE):

10 Years:25%
5 Years:25%
3 Years:25%
Last Year:29%

Last 10 Years’ Sales Growth:

10 Years:8%
5 Years:10%
3 Years:13%
Current Year:1%

Conclusion

This article is a complete guide about ITC Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: Government Share Board Meeting February 2, 2024; Company May Decide Dividend

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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