ITC Ltd

NSE: ITC · Diversified FMCG · sector

₹260.50NSE close 2026-10-26

Key numbers

Market cap₹3,26,393 cr

Price₹260.50

52w high / low₹426 / ₹253

P/E16.4xSector median 28.6x

P/B4.5xSector median 4.5x

Book value₹57.9

Dividend yield5.60%Sector median 3.98%

ROE27.8%Sector median 15.1%

ROCE35.5%Sector median 13.3%

OPM26.8%Sector median 19.4%

Debt / equity0.03xSector median 0.50x

EV/EBITDA11.8xSector median 16.6x

Interest cover244.1x

Current ratio3.04x

Sales growth 3y+5.5%Sector median +3.8%

Profit growth 3y+2.5%Sector median +8.3%

PEG7.66x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 5 companies in Diversified FMCG (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹23,759 cr vs borrowings ₹2,186 cr (FY26): cash is higher (net cash).
Operating profit covered interest 244.1x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY23).
Revenue was higher than a year earlier in 3 of the last 4 quarters.
Other income was 12% of net profit in the last 12 months.
Dividend paid in 5 of the last 5 financial years.
Price ₹260.50 on 2026-10-26: -38.9% from the 52-week high, +2.9% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹518.15 · low ₹255.90

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	22,282	20,350	20,376	23,129	21,256	21,707	23,821	29,523
EBITDA	6,761	6,362	6,519	6,816	6,783	6,528	6,899	5,587
OPM %	30.3%	31.3%	32.0%	29.5%	31.9%	30.1%	29.0%	18.9%
Other income	616	596	640	682	584	574	585	656
Net profit	4,993	4,935	19,727	5,244	5,126	4,931	5,388	4,394
EPS (₹)	3.99	3.95	15.77	4.19	4.09	3.94	4.30	3.51
Revenue YoY					-4.6%	+6.7%	+16.9%	+27.6%
Profit YoY					+2.7%	-0.1%	-72.7%	-16.2%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	65,205	76,518	76,840	81,613	89,913	96,307
EBITDA	20,658	25,738	26,247	25,978	27,026	25,796
Net profit	15,243	19,192	20,459	34,747	20,689	19,839
EPS (₹)	12.37	15.50	16.42	27.79	16.52	15.84
Revenue growth		+17.4%	+0.4%	+6.2%	+10.2%	+11.8%
Profit growth		+25.9%	+6.6%	+69.8%	-40.5%	-43.1%
Dividend / share (₹)	11.00	12.25	13.00	14.00	14.35

Compounded growth	3 years	5 years	Last 12 months
Sales	+5.5%	+11.1%	+11.8%
Net profit	+2.5%	+9.5%	-43.2%
EPS	+2.1%	+9.1%	–
Share price	–	-26.4% (2y)	-36.5%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	69,155	74,507	70,030	72,507
Borrowings	–	39	11	91	2,186
Cash & equivalents	–	22,113	20,162	20,300	23,759
Total assets	–	85,883	91,826	88,091	93,792
Fixed assets	–	21,117	23,082	17,429	17,471
Capital work in progress	–	2,985	2,851	1,088	1,499
Investments	–	11,845	17,620	13,721	12,090
Receivables	–	2,956	4,026	4,720	3,923
Inventory	–	11,771	14,153	15,638	18,623
Payables	–	4,659	4,798	4,807	5,640

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	15,776	18,878	17,179	17,627	18,464
Cash from investing	-2,238	-5,732	1,563	-396	-2,321
Cash from financing	-13,580	-13,006	-18,551	-17,037	-16,147
Capex	2,142	2,743	3,563	2,279	2,183
Free cash flow	13,634	16,135	13,616	15,348	16,281

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	27.8%	27.5%	49.6%	28.5%
ROCE %	–	37.4%	36.4%	38.3%	37.1%
Debtor days	–	14	19	21	16
Inventory days	–	148	190	178	209
Payable days	–	59	64	55	63
Cash conversion cycle (days)	–	103	145	144	162
Working capital days	–	124	130	132	138

Shareholding

Holder	% (2026-09-30)
FIIs	33.22%
DIIs	49.82%
of which Mutual funds	17.02%
of which Insurance	20.99%
Government	0.04%
Public (non-institutions)	16.93%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Public holders above 1%	%
Tobacco Manufacturers (India) Limited	17.79%
Life Insurance Corporation of India	16.46%
Specified Undertaking of the Unit Trust of India	7.78%
Myddleton Investment Company Limited	3.88%
SBI Mutual Funds	3.44%
ICICI Prudential Mutual Funds	3.25%
Parag Parikh Mutual Funds	2.55%
Goldman Sachs Trust II - Goldman Sachs GQG Partners International Opportunities Fund	1.96%
QIB - Insurance Company Registered	1.89%
NPS Trust (various Pension Funds)	1.75%
General Insurance Corporation of India	1.73%
Nippon Life India Trustee Mutual Funds	1.57%
UTI Mutual Funds	1.57%
The New India Assurance Company Limited	1.46%
Rothmans International Enterprises Limited	1.24%

42,18,619 shareholders. Pledged: 0.00% of promoter shares.

Peers in Diversified FMCG

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
HINDUNILVR	₹4,27,371 cr	28.6x	8.8x	30.5%	29.6%	22.7%	+2.1%	2.37%
ITC	₹3,26,393 cr	16.4x	4.5x	27.8%	35.5%	26.8%	+5.5%	5.60%
HNDFDS	₹6,638 cr	42.4x	5.7x	15.1%	13.3%	8.6%	–	–
GODAVARIB	₹1,008 cr	6,567.7x	1.3x	0.0%	3.7%	4.5%	–	–
DAVANGERE	₹30 cr	9.7x	0.1x	1.9%	5.0%	19.4%	–	–

All 5 companies in Diversified FMCG →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
FMCG - Cigarettes	₹40,601 cr	40.8%	₹22,246 cr	54.8%
FMCG - Others	₹24,322 cr	24.4%	₹1,812 cr	7.4%
Agri Business	₹20,787 cr	20.9%	₹1,584 cr	7.6%
Paperboards, Paper & Packaging	₹8,769 cr	8.8%	₹754 cr	8.6%
Others	₹5,036 cr	5.1%	₹670 cr	13.3%

Dividends & corporate actions

Ex-date	Action	Detail
2026-05-27	Dividend	Dividend - Rs 8 Per Share
2026-02-04	Dividend	Interim Dividend - Rs 6.50 Per Share
2025-05-28	Dividend	Dividend - Rs 7.85 Per Share
2025-02-12	Dividend	Interim Dividend - Rs 6.50 Per Share
2025-01-06	Restructuring	Demerger
2024-06-04	Dividend	Dividend - Rs 7.50 Per Share
2024-02-08	Dividend	Interim Dividend - Rs 6.25 Per Share
2023-05-30	Dividend	Dividend - Rs 6.75 Per Share /Special Dividend - Rs 2.75 Per Share
2023-02-15	Dividend	Interim Dividend - Rs 6 Per Share
2022-05-26	Dividend	Dividend - Rs 6.25 Per Share
2022-02-14	Dividend	Interim Dividend - Rs 5.25 Per Share
2021-06-10	Dividend	Dividend - Rs 5.75 Per Share
2021-02-22	Dividend	Interim Dividend - Rs 5 Per Share
2020-07-06	Dividend	Dividend - Rs 10.15 Per Share
2019-05-22	Dividend	Dividend - Rs 5.75 Per Share
2018-05-25	Dividend	Dividend- Rs 5.15 Per Share
2017-06-05	Dividend	Dividend-Rs 4.75 Per Share
2016-07-01	Bonus	Bonus 1:2
2016-05-30	Dividend	Dividend-Rs.8.50 Per Share (Including Special Dividend Of Rs.2/- Per Share).
2015-06-03	Dividend	Dividend - Rs 6.25/- Per Share

Documents

Links go to the original files on the exchange website.

About the company

FMCG: Cigarettes
FMCG: Others: Branded Packaged Foods Businesses (Staples & Meals; Snacks; Dairy & Beverages; Biscuits & Cakes; Chocolates, Coffee & Confectionery); Personal Care Products; Education and Stationery Products; Safety Matches and Agarbattis.
Agri Business: Agri-commodities such as wheat, rice, spices, coffee, soya and leaf tobacco.
Paperboards, Paper & Packaging: Paperboards, Paper including Specialty Paper and Packaging including flexibles.


Sector	Fast Moving Consumer Goods
Industry	Diversified FMCG
Sub-industry	Diversified FMCG
Symbol	ITC
BSE code	500875
ISIN	INE154A01025
Face value	₹1.0
Incorporated	1910-08-24
Website	www.itcportal.com
Plants (India / abroad)	66 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.