Stock · ITC · FMCG and tobacco
ITC share price target 2026
Support, resistance, the F&O structure and the BazaarBaazi Crack Score for ITC Ltd, refreshed every end-of-day run. Cigarette volume growth, FMCG-hotels demerger optics, and the implied-move band into the Thursday post-close print.
The verdict
BazaarBaazi reads ITC as range-bound with a Crack Score of 58/100 as of 31 Jul 2026.
BazaarBaaziSource & method
The scanner's readNear-perfect · scanned 31 Jul 2026
Where ITC stands on the 500-name BazaarBaazi setup scanner: technicals, filed fundamentals and money flow read together, refreshed every run.
One directional side cleared its price-structure, filed-evidence and signed money-flow gates with no blocking red flag.
Technical axis
100/100Fundamental axis
50/100Money flow
30/100Result pulse · Q4 FY26
50/100Named setups in force
- stage4 downtrend
- rally rejection falling MA
- RS laggard
- earnings deterioration
Technical evidence
price below 50DMA
price below 150DMA
price below 200DMA
50 < 150 < 200 DMA (bear stack)
downtrend frame (50 < 200 DMA)
50DMA falling
rally testing a falling MA
RSI 43.7 (relief rally zone)
RS slope -8.7% (3m)
RS line well below its high
relative strength falling vs NIFTY
below 50DMA
Fundamental evidence
net profit -72.39% YoY
profit down at least 20% YoY
YoY growth not accelerating
Valuation and context
P/E 17.0 vs sector median 41.3 (0.41x, 11th pctile)
P/E 1.04x its own ~15m median (16.3)
Relative valuation
P/E (TTM)
17.0P/E vs sector
+0.4%Sector percentile
11PEG
n/aGrowth gap
-43.9%P/E vs own history
+1.0%The engine's trade frame
Entry zone
281.0Stop
289.9Target 1
263.1Target 2
254.2Risk / reward
3.2% risk · 2.0RScanner levels from the deterministic engine run of 2026-07-31, not a SEBI-registered recommendation and not investment advice. The fundamental axis reads the official filing: Q4 FY26 result.
Price target: support and resistanceComputed 31 Jul 2026
Support and resistance for ITC are read inside the latest show; no spot was printed in the most recent editorial note.
Levels are read inside the latest show. The most recent editorial reference is Closing Bell Flash on 31 Jul 2026.
These are structural reference lines, not a SEBI-registered price target. BazaarBaazi is independent media; the levels frame how the desk reads the ITC chart, refreshed every end-of-day run.
The Crack Score, and how it is built58 / 100 · Constructive
The Crack Score is a deterministic 0 to 100 conviction number. Here is exactly what moved it for ITC, so the figure is a transparent signal rather than a vibe.
Base 50, adjusted by the factors above and clamped to 0 to 100. How the Crack Score works.
About ITC LtdBusiness profile
What ITC actually does, and the edge that holds its position.
ITC is a cigarette cash machine quietly trying to become a consumer-goods company before regulation makes the cigarette part harder, and the stock is a bet on that race. Cigarettes still contribute the majority of profit and fund everything else, while the FMCG arm spans Aashirvaad atta, Sunfeast biscuits, Bingo snacks, Fiama and Savlon. Around that sit hotels across India and a paper, paperboard and packaging business, but the profit engine and the regulatory target are one and the same.
ITC's cigarettes business benefits from a quasi-oligopoly in legal cigarettes in India, giving it durable pricing power even in a regulated environment. The cash-generation from cigarettes has allowed ITC to build an FMCG portfolio that now generates meaningful standalone revenue, reducing the single-segment concentration over time.
The F&O viewHorizon · 1d
How the futures and options structure on ITC reads right now.
The editorial price read on ITC is neutral. Strike-level option inventory is unavailable, so the page withholds writer, wall and pin claims. Single-stock F&O on ITC can be thinner than index F&O, so the desk weights price and filed evidence over raw OI. This is not a derivatives trade recommendation.
Why it movedSession -2.16%
The most recent BazaarBaazi read on what is driving ITC.
FMCG also failed to defend: BRITANNIA dropped -2.16% and ITC lost -1.42%.
Read in Closing Bell Flash on 31 Jul 2026. Why ITC moved, the living explainer, tracks every move on one URL.
The 2026 to 2030 pictureStructural read
What genuinely drives ITC over a multi-year horizon. A structural read, not a price forecast.
The 2026 to 2030 horizon for ITC is shaped by two things: whether the FMCG segment reaches sustainable profitability and reduces dependence on cigarettes, and whether the hotels business can capture the India travel boom through asset-light expansion. The key risk is regulatory escalation on cigarettes, whether through steep duty hikes or graphic warning mandates, compressing the profit engine before the FMCG offset is large enough. What BazaarBaazi thinks: the cash flows are real and the diversification is genuinely progressing, but the one risk no score prices is a single line in the Union Budget, a sharp tobacco duty hike can hit the profit engine overnight in a way no technical setup will telegraph.
What to watch:
- Cigarette volume and net revenue per stick as the core profitability gauge
- FMCG segment EBIT margin progression toward sustainable profitability
- Hotels occupancy and average room rate as India's leisure travel grows
- Paperboard volume as a proxy for FMCG and e-commerce packaging demand
- Government tobacco duty escalation in Union Budget announcements
Peers and how to compare4 listed names
The listed names ITC is most often read against. Compare them on the same Crack Score and levels.
Stored valuation readStored 2026-08-10
P/E, P/B, yield and the quality set for ITC Ltd, computed only from the stored fundamentals snapshot dated 2026-08-10. No carried market price is presented as current.
P / E
17.8x
Earnings yield
5.61%
P / B
4.88x
P / S
4.63x
EV / EBITDA
13.0x
Dividend yield
5.66%
Market cap
Rs 3.54 lakh cr
Enterprise value
Rs 3.32 lakh cr
Stored from ITC Ltd's filed results, as of 2026-08-10 and currency-checked. Price input Rs 282.65 from baked EOD spot. Open the calculator, move the price and watch every ratio react.
Latest filed resultsQ4 FY26
ITC Ltd's most recent quarter, parsed straight from the official NSE filing. Every figure links back to its primary source.
Result Pulse
50 / 100Revenue
Rs 23,821 crNet profit
Rs 5,470 crEPS (quarter)
Rs 4.30| Growth | YoY | QoQ |
|---|---|---|
| Revenue | +16.9% | +9.7% |
| Net profit | -72.4% | +9.0% |
| Net margin | +23.0% | |
Distorted by a prior-year base effect.
Figures are the Q4 FY26 result for ITC Limited, parsed straight from the official NSE integrated filing and verified to the paisa. The EPS shown is for the quarter, not a trailing-twelve-month figure, so it is not a P/E input.
Earnings history, every filed quarter32 quarters on record
ITC Ltd's official quarterly revenue, EPS and Result Pulse trail, every quarter the desk holds from the verified filings export, back to 30 Jun 2018. These are quarterly facts, not TTM valuation inputs.
ITC official result trail
32 quarters
Quarterly figures only: revenue, net profit and EPS are copied from official filings. EPS here is not trailing twelve month EPS and is not used for valuation.
| Quarter | Revenue | EPS | PAT YoY | Pulse | Source |
|---|---|---|---|---|---|
| Q4 FY26ended 31 Mar 2026 / Consolidated, audited | Rs 23,821 cr | Rs 4.30 | n/a | n/a | Filing |
| Q3 FY26ended 31 Dec 2025 / Consolidated, audited | Rs 21,707 cr | Rs 3.94 | n/a | 58/100 | Filing |
| Q2 FY26ended 30 Sep 2025 / Consolidated, audited | Rs 21,256 cr | Rs 4.09 | n/a | n/a | Filing |
| Q1 FY26ended 30 Jun 2025 / Consolidated, audited | Rs 23,129 cr | Rs 4.19 | n/a | 58/100 | Filing |
| Q4 FY25ended 31 Mar 2025 / Consolidated, audited | Rs 20,376 cr | Rs 15.77 | n/a | 58/100 | Filing |
| Q3 FY25ended 31 Dec 2024 / Consolidated, audited | Rs 20,350 cr | Rs 3.95 | n/a | n/a | Filing |
| Q2 FY25ended 30 Sep 2024 / Consolidated, audited | Rs 22,282 cr | Rs 3.99 | n/a | n/a | Filing |
| Q1 FY25ended 30 Jun 2024 / Consolidated, audited | Rs 20,030 cr | Rs 4.08 | n/a | n/a | Filing |
| Q4 FY24ended 31 Mar 2024 / Consolidated, audited | Rs 19,446 cr | Rs 4.10 | n/a | n/a | Filing |
| Q3 FY24ended 31 Dec 2023 / Consolidated, audited | Rs 19,485 cr | Rs 4.28 | n/a | n/a | Filing |
| Q2 FY24ended 30 Sep 2023 / Consolidated, audited | Rs 19,270 cr | Rs 3.93 | n/a | n/a | Filing |
| Q1 FY24ended 30 Jun 2023 / Consolidated, audited | Rs 18,639 cr | Rs 4.11 | n/a | n/a | Filing |
| Q4 FY23ended 31 Mar 2023 / Consolidated, audited | Rs 19,058 cr | Rs 4.17 | n/a | n/a | Filing |
| Q3 FY23ended 31 Dec 2022 / Consolidated, audited | Rs 19,021 cr | Rs 4.04 | n/a | n/a | Filing |
| Q2 FY23ended 30 Sep 2022 / Consolidated, audited | Rs 18,608 cr | Rs 3.73 | n/a | n/a | Filing |
| Q1 FY23ended 30 Jun 2022 / Consolidated, audited | Rs 19,831 cr | Rs 3.56 | n/a | n/a | Filing |
| Q4 FY22ended 31 Mar 2022 / Consolidated, audited | Rs 17,754 cr | Rs 3.40 | n/a | n/a | Filing |
| Q3 FY22ended 31 Dec 2021 / Consolidated, audited | Rs 18,366 cr | Rs 3.29 | n/a | n/a | Filing |
| Q2 FY22ended 30 Sep 2021 / Consolidated, audited | Rs 14,844 cr | Rs 3.02 | n/a | n/a | Filing |
| Q1 FY22ended 30 Jun 2021 / Consolidated, audited | Rs 14,241 cr | Rs 2.66 | n/a | n/a | Filing |
| Q4 FY21ended 31 Mar 2021 / Consolidated, audited | Rs 15,404 cr | Rs 3.05 | n/a | n/a | Filing |
| Q3 FY21ended 31 Dec 2020 / Consolidated, audited | Rs 14,124 cr | Rs 2.87 | n/a | n/a | Filing |
| Q2 FY21ended 30 Sep 2020 / Consolidated, audited | Rs 13,148 cr | Rs 2.74 | n/a | n/a | Filing |
| Q1 FY21ended 30 Jun 2020 / Consolidated, audited | Rs 10,478 cr | Rs 2.04 | n/a | n/a | Filing |
| Q4 FY20ended 31 Mar 2020 / Consolidated, audited | Rs 12,561 cr | Rs 3.14 | n/a | n/a | Filing |
| Q3 FY20ended 31 Dec 2019 / Consolidated, audited | Rs 13,308 cr | Rs 3.24 | n/a | n/a | Filing |
| Q2 FY20ended 30 Sep 2019 / Consolidated, audited | Rs 12,867 cr | Rs 3.35 | n/a | n/a | Filing |
| Q1 FY20ended 30 Jun 2019 / Consolidated, audited | Rs 12,658 cr | Rs 2.74 | n/a | n/a | Filing |
| Q4 FY19ended 31 Mar 2019 / Standalone, audited | Rs 12,206 cr | Rs 2.84 | n/a | n/a | Filing |
| Q3 FY19ended 31 Dec 2018 / Standalone, audited | Rs 11,431 cr | Rs 2.62 | n/a | n/a | Filing |
| Q2 FY19ended 30 Sep 2018 / Standalone, audited | Rs 11,273 cr | Rs 2.42 | n/a | n/a | Filing |
| Q1 FY19ended 30 Jun 2018 / Standalone, audited | Rs 10,875 cr | Rs 2.31 | n/a | n/a | Filing |
The official financialsFiled to 31 Mar 2026
ITC Ltd's statements as filed: trailing twelve month P&L, the balance sheet, and the cash engine. Parsed from official XBRL, shown in crore.
Trailing twelve months, on filed quarters
Revenue (TTM)
89,913 crNet profit (TTM)
21,018 crEBIT (TTM)
27,741 crProfit before tax (TTM)
27,656 crNet margin (TTM)
23.4%Finance costs (TTM)
85.2 crBalance sheet, as filed 2026-03-31
Total assets
93,792 crShareholder equity
72,873 crTotal borrowings
2,186 crCash and equivalents
643 crInventory
18,623 crTrade receivables
3,923 crThe cash engine, latest filed year
Operating cash flow
18,464 crCapex
2,183 crFree cash flow
16,281 crInvesting flow
-2,321 crFinancing flow
-16,147 crAnnual trail, filed year over filed year
| Year | Revenue | Net profit | Equity | Borrowings | CFO |
|---|---|---|---|---|---|
| FY26 | 89,913 cr | 21,018 cr | 72,873 cr | 2,186 cr | 18,464 cr |
| FY25 | 81,613 cr | 35,052 cr | 70,398 cr | 91.3 cr | 17,627 cr |
| FY24 | 76,840 cr | 20,751 cr | 74,890 cr | 11.3 cr | 17,179 cr |
| FY23 | 76,518 cr | 19,477 cr | 69,539 cr | 38.8 cr | 18,878 cr |
| FY22 | 65,205 cr | 15,503 cr | 62,822 cr | 5.6 cr | 15,776 cr |
| FY21 | 53,155 cr | 13,383 cr | 60,694 cr | 9.5 cr | n/a |
Every figure is parsed from ITC Ltd's official NSE XBRL filings by the BazaarBaazi earnings lab and shown in crore rupees. Display data, not a valuation model input.
What changed47 disclosures
Every recent official filing from ITC Ltd, straight from the exchange feed, with the BazaarBaazi Event Heat on the disclosure flow.
ITC Limited has filed 47 official disclosures recently. The most recent is a Earnings dated 31 Jul 2026.
ITC Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
Board Meeting to be held on 31-Jul-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended June 2026
In terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to advise that a Meeting of the Board of Directors of the Company has been convened for Friday, 31st July, 2026, inter alia, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company along with the Segment-wise Revenue, Results, Assets and Liabilities for the Quarter ended 30th June, 2026.
Intimation of ESG Score assigned by ESG Risk Assessments & Insights Limited
Intimation of ESG rating assigned by Crisil ESG Ratings & Analytics Limited
ITC Limited has informed the address delivered by the Chairman at the 115th Annual General Meeting of the Company on the theme ITC: Partnering India in its Defining Decade .
Event Heat is withheld because the reproducible what-changed window is unavailable. Every line above links to its official exchange filing, and the full market desk is at the disclosures hub.
Key fundamentalsEditorial reference
The anchor data BazaarBaazi references when reading the ITC chart. Not a substitute for a registered research note.
| Ticker | ITC |
|---|---|
| Full name | ITC Ltd |
| Sector | FMCG and tobacco |
| Index class | LARGE CAP |
| ISIN | INE154A01025 |
| Market-cap band | ₹5.30 lakh cr |
| Last referenced level | Inside latest show |
| Last session move | -2.16% |
| Editorial line in | Closing Bell Flash on 31 Jul 2026 |
| Aliases tracked | ITC |
Reference chartLevels in show
The daily frame the desk reads on ITC.
FAQ16 reader questions · AEO-eligible
The line on ITC, distilled and schema-marked for AI Overview, Perplexity, and reader search.
What is the ITC share price target for 2026?
BazaarBaazi does not publish a SEBI-registered price target on ITC. The desk reads structural support and resistance inside each show against the printed spot; the most recent editorial line is Closing Bell Flash on 31 Jul 2026.
What is BazaarBaazi's Crack Score for ITC?
The BazaarBaazi Crack Score for ITC is 58 out of 100 as of 31 Jul 2026, a constructive reading. It is a computed conviction number from the signed stance, how consistent the recent verdicts have been, the quality of the printed structure, and how fresh the review is. It is a transparency signal, not investment advice.
What is the F&O view on ITC?
Legacy record dated 12 Aug 2026; provider observation time unavailable, so BazaarBaazi retains ITC's dated near-money option-inventory band but withholds the specific open-interest counts, PCR and max-pain claim until a fully reproducible, provider-timestamped snapshot is recorded. Matched inventory cannot identify who initiated either side, direction, hedging, spreads or profit. This is a carried stale snapshot; the latest refresh did not replace it.
What sector is ITC in and which peers does BazaarBaazi track?
ITC sits in FMCG and tobacco (large cap), indicative market cap ₹5.30 lakh cr, ISIN INE154A01025. The peers BazaarBaazi reads alongside it are Bharti Airtel Ltd. Cigarette volume growth, FMCG-hotels demerger optics, and the implied-move band into the Thursday post-close print.
How often is the ITC view updated?
This page is one evergreen URL refreshed in place. The Crack Score and levels re-compute on every BazaarBaazi end-of-day run, and the dated stamp shows the last refresh. The latest signed verdict on ITC is neutral, published in Closing Bell Flash on 31 Jul 2026.
Is ITC a good long-term stock?
The long-term case is a conglomerate in transition, cigarette cash flows funding FMCG and hotels until they can stand alone, but the risk no score captures is a Budget-day duty shock that can compress the profit engine before the offset is big enough. BazaarBaazi's Crack Score for ITC gives the current dated read. Whether the transition succeeds before regulatory headwinds bite harder is the central long-term question.
ITC share price target 2030?
What would re-rate ITC through 2030 is FMCG margin expansion, a hotels demerger or re-rating, and cigarette volume holding up despite regulation, with the catch that the duty trajectory in successive budgets is the swing variable no target can pre-commit to. BazaarBaazi does not set fixed multi-year targets. The live Crack Score has the structural setup.
Why is ITC share falling?
Weakness in ITC usually comes from the regulatory trigger the desk watches first, a tobacco duty hike announcement, alongside a cigarette volume disappointment, an FMCG margin miss, or rotation away from defensives. Check the Crack Score levels for the technical picture.
Is ITC a qualifying setup on the BazaarBaazi scanner right now?
On the 2026-07-31 run of the 500-name BazaarBaazi setup scanner, ITC Ltd sits in the Near-perfect tier with a setup score of 78/100 (technical 100, fundamental 50). The scanner is a deterministic engine over real OHLCV and official filings, refreshed nightly, and it is a signal rather than investment advice.
What was ITC Limited's Q4 FY26 net profit?
ITC Limited reported a net profit of Rs 5,470 cr for Q4 FY26 (the quarter ended 31 March 2026). That is -72.4% year on year, a move distorted by a prior-year base effect. The figure is from the company's official NSE filing.
What was ITC Limited's Q4 FY26 revenue?
ITC Limited reported revenue of Rs 23,821 cr for Q4 FY26. That is +16.9% year on year. The figure is from the company's official NSE filing.
How does BazaarBaazi rate ITC Limited's Q4 FY26 result?
BazaarBaazi gives ITC Limited's Q4 FY26 result a Result Pulse of 50 out of 100, with a verdict of Mixed. The Result Pulse is a BazaarBaazi editorial score for the quality of the filed result, not investment advice.
What has ITC Ltd announced recently?
ITC Ltd's two most material recent disclosures are an earnings dated 31 Jul 2026, and a board meeting dated 31 Jul 2026, "Board meeting held on July 31, 2026". Both link to the company's own official filing on the BazaarBaazi stock page.
Has ITC Ltd declared a dividend recently?
Yes. ITC Ltd filed a dividend disclosure on 27 May 2026, filed as "Dividend - Rs 8 Per Share". Any amount shown is the exchange's own record, linked from the BazaarBaazi stock page. A dividend is a declared payout, not a forecast of future returns.
What did ITC Ltd's latest board meeting cover?
ITC Ltd's most recent board-meeting disclosure on record dated 31 Jul 2026 reads "Board meeting held on July 31, 2026". That is the agenda as filed with the exchange, linked from the BazaarBaazi stock page, and BazaarBaazi adds no claim of its own to it.
Has ITC Ltd's credit rating been updated recently?
ITC Ltd filed a credit-rating disclosure on 29 Jul 2026, recorded with the exchange as "ESG Score assigned by ESG Risk Assessments & Insights Limited". The detail sits in the linked filing on the BazaarBaazi stock page. A rating action is an agency view on debt, separate from the share price.
Related stock views
The names BazaarBaazi reads alongside ITC, each a living view refreshed every end-of-day run.