With operations in fast-moving consumer products, hospitality, paperboard and packaging, agri-business, and information technology, ITC Ltd is one of India’s most diversified companies. ITC was established in 1910 and has since developed into a well-known brand in India, with a market value of more than $50 billion as of March 2021. ITC has gained recognition as one of the nation’s most ecologically conscientious businesses thanks to its emphasis on sustainability and corporate social responsibility. The history, operations, and effects of ITC on India’s economy and society will all be covered in this article.
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Contents
ITC LTD IN RECENT NEWS
- As a wholly owned subsidiary, ITC Ltd has included ITC Fibre Innovations Ltd in its portfolio.
- The recent surge in the shares of ITC Ltd indicates investors’ search for stability in the wake of Adani’s challenges.
ITC SHARE PRICE TARGET 2023
| ITC SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| March 2023 | ₹388.50 | ₹298.85 |
| April 2023 | ₹427.35 | ₹328.73 |
| May 2023 | ₹356.13 | ₹273.94 |
| June 2023 | ₹427.35 | ₹328.73 |
| July 2023 | ₹512.82 | ₹394.48 |
| August 2023 | ₹564.10 | ₹433.92 |
| September 2023 | ₹592.31 | ₹455.62 |
| October 2023 | ₹564.10 | ₹433.92 |
| November 2023 | ₹620.51 | ₹477.32 |
| December 2023 | ₹694.97 | ₹534.60 |
ITC share prices are expected to experience a bullish uptrend in the latter half of the year. According to the table, in November and December 2023, the share prices are expected to reach a maximum of ₹620.51 and ₹694.97, respectively. This represents a significant growth percentage compared to the minimum prices in March 2023. The month-on-month increase in share prices from March to December 2023 indicates a positive trend in the market. If these predictions hold, it could mean good news for ITC investors who are looking for profitable returns on their investment. However, it’s important to note that these predictions are based on current market trends and may not hold true in the future.
ITC LTD SHARE PRICE TARGET 2024
| ITC SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹731.55 | 1037.03 |
| February 2024 | ₹821.97 | ₹684.97 |
| March 2024 | ₹865.23 | ₹703.44 |
| April 2024 | ₹786.57 | ₹605.06 |
| May 2024 | ₹655.48 | ₹504.21 |
| June 2024 | ₹786.57 | ₹605.06 |
| July 2024 | ₹668.59 | ₹518.28 |
| August 2024 | ₹735.44 | ₹583.69 |
| September 2024 | ₹772.22 | ₹594.01 |
| October 2024 | ₹908.49 | ₹698.84 |
| November 2024 | ₹953.92 | ₹733.78 |
| December 2024 | ₹972.99 | ₹748.46 |
The data shows that the ITC share prices are expected to have a mixed trend throughout the year. The highest predicted share price is ₹972.99 in December 2024, while the lowest is ₹504.21 in May 2024. This indicates that there may be some volatility in the market, with share prices experiencing both highs and lows throughout the year. However, it’s worth noting that the maximum predicted price of ₹972.99 in December 2024 represents a significant growth percentage from the minimum price in May 2024. If this trend continues, it could mean that ITC investors may still have opportunities for profitable returns in 2024. It’s important to remember that these predictions are based on current market trends and may not hold true in the future. As with any investment, it’s essential to conduct thorough research and seek professional advice before making any financial decisions.
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ITC LTD SHARE PRICE TARGET 2025
| ITC SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹992.45 | ₹763.43 |
| February 2025 | ₹1,044.69 | ₹803.61 |
| March 2025 | ₹1,096.92 | ₹843.79 |
| April 2025 | ₹979.39 | ₹753.38 |
| May 2025 | ₹890.36 | ₹684.89 |
| June 2025 | ₹979.39 | ₹753.38 |
| July 2025 | ₹932.76 | ₹717.51 |
| August 2025 | ₹971.62 | ₹747.40 |
| September 2025 | ₹1,020.20 | ₹784.77 |
| October 2025 | ₹1,081.41 | ₹831.86 |
| November 2025 | ₹1,157.11 | ₹890.09 |
| December 2025 | ₹1,180.26 | ₹907.89 |
The data shows that the ITC share prices are expected to continue their growth trend in the upcoming year. The maximum predicted share price is ₹1,180.26 in December 2025, while the minimum is ₹684.89 in May 2025. This indicates that there will be a steady growth trend for ITC shares throughout the year. Investors who are bullish on ITC LTD may find this data encouraging as it suggests that there may be continued opportunities for profitable returns in 2025. It’s important to note that these predictions are based on current market trends and may be subject to change. As with any investment, it’s essential to conduct thorough research and seek professional advice before making any financial decisions. Overall, the data suggests that ITC LTD has a positive outlook for the future, with expected growth in 2025.
ITC LTD SHARE PRICE TARGET 2026 TO 2030
| ITC SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹826.18 | ₹578.33 |
| 2027 | ₹702.25 | ₹491.58 |
| 2028 | ₹1,264.05 | ₹884.84 |
| 2029 | ₹2,596.56 | ₹1,817.59 |
| 2030 | ₹2,891.63 | ₹2,024.14 |
The data indicates that ITC shares are expected to continue their growth trend, albeit with some fluctuations in the coming years. In 2026, the maximum predicted share price is ₹826.18, while the minimum is ₹578.33. The following year, 2027, the maximum predicted share price is ₹702.25, while the minimum is ₹491.58. The data suggests that there may be a slight dip in share prices during these years, but the overall trend remains positive.
In 2028, the predicted share prices for ITC LTD are expected to experience a significant growth, with the maximum predicted price being ₹1,264.05 and the minimum being ₹884.84. The data for 2029 and 2030 also shows a similar pattern of high growth, with the maximum predicted share prices being ₹2,596.56 and ₹2,891.63, respectively, and the minimum predicted share prices being ₹1,817.59 and ₹2,024.14, respectively.
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FINANCIAL STRENGTH OF ITC LTD (2018 TO 2022)
| ANNUAL | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
| Total Revenue | 62,504.44 | 51,905.34 | 52,001.94 | 50,526.47 | 45,280.80 |
| Total Revenue Growth (%) | 20.42 | -0.19 | 2.92 | 11.58 | 1.67 |
| Total Expenses | 41,781.45 | 33,960.25 | 31,843.48 | 31,388.35 | 28,292.17 |
| Total Expenses Growth (%) | 23.03 | 6.65 | 1.45 | 10.94 | -0.79 |
| Profit after Tax (PAT) | 15,242.66 | 13,161.19 | 15,306.23 | 12,592.33 | 11,271.20 |
| PAT Growth (%) | 15.82 | -14.01 | 21.55 | 11.72 | 9.54 |
| Operating Profit Margin (%) | 34.22 | 36.51 | 40.91 | 39.67 | 39.30 |
| Net Profit Margin (%) | 25.12 | 26.71 | 30.98 | 26.04 | 25.94 |
| Basic EPS (₹) | 12.37 | 10.70 | 12.47 | 10.30 | 9.26 |
ITC LTD, as per its financial bank statement of the last five years, has witnessed a substantial growth in its revenue, despite a dip in FY 2021. The company’s total revenue increased from ₹45,280.80 crore in FY 2018 to ₹62,504.44 crore in FY 2022, at a growth rate of 20.42%. However, the total expenses incurred by the company also increased from ₹28,292.17 crore in FY 2018 to ₹41,781.45 crore in FY 2022, at a growth rate of 23.03%. Nevertheless, ITC LTD’s operating profit margin remained steady at an average of 38.12% over the last five years, with a minimum of 34.22% in FY 2022 and a maximum of 40.91% in FY 2020. The company’s net profit margin also remained stable at an average of 26.16% over the last five years, with a minimum of 25.12% in FY 2022 and a maximum of 30.98% in FY 2020. The company’s PAT has witnessed fluctuation, with a dip in FY 2021 and a rise in FY 2022, at a growth rate of 15.82%. Despite the challenges posed by the pandemic, ITC LTD’s financial bank statement reflects the company’s resilient performance and its continuous effort to maintain its growth trajectory.
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FAQ’s
The maximum share price target of ITC LTD in 2028 is Rs. 1264.05
The maximum share price target of ITC LTD in 2029 is Rs. 2596.56
The maximum share price target of ITC LTD in 2030 is Rs. 2891.63
CONCLUSION: ITC LTD
ITC LTD has demonstrated consistent revenue growth over the last five years, with growth rates ranging from -0.19% to 20.42%, according to financial statistics. The company’s profit after tax (PAT) growth, however, has been inconsistent, ranging from -14.01% to 21.55%. A good financial performance is demonstrated by the company’s ability to sustain a positive net profit margin that ranges from 25.12% to 30.98%. Although the company’s earnings per share (EPS) have increased throughout the years, it is important to note that its expenses have been steadily rising.
The financial performance of ITC LTD over the past five years has been inconsistent overall, with modest increases in revenue and profit offset by erratic PAT growth.
