Let’s predict ITC share price target by 2025 based on its past returns, future projections, and technical factors.
ITC Limited, headquartered in Kolkata, India, is a diversified conglomerate with a robust presence across six business segments: FMCG, hotels, agribusiness, information technology, paper products, and packaging.
The company generates a significant portion of its revenue from its tobacco products, making it a key player in the global tobacco industry.
As the second-largest FMCG company in India and the third-largest tobacco company globally by market capitalization, based on investors and market analysts closely monitoring ITC’s growth trajectory.
ITC Share Price Target By 2025
January 2025
Predicted Share Price Range: ₹480 – ₹490 The year starts with a positive outlook due to the company’s strong performance in the FMCG and tobacco sectors.
Investor confidence is high, driven by solid quarterly results and strategic initiatives in sustainable packaging.
February 2025
Predicted Share Price Range: ₹485 – ₹495 February is expected to maintain the momentum from January, with continued strong demand in FMCG and agribusiness.
The company’s extensive retail network and product diversification contribute to steady growth.
March 2025
Predicted Share Price Range: ₹490 – ₹500 As the financial year ends, ITC’s share price is likely to rise due to the anticipation of robust annual results.
The company’s diversified portfolio and strong brand equity are expected to positively impact its financial performance.
April 2025
Predicted Share Price Range: ₹495 – ₹505 April may see further gains as Q1 results for 2025 reflect the company’s growth in non-tobacco segments.
ITC’s strategic expansion in new product lines and markets continues to drive investor interest.
May 2025
Predicted Share Price Range: ₹500 – ₹510 The positive trend is expected to continue in May, supported by sustained growth in FMCG and the hotel sector. Market sentiment remains bullish on ITC’s prospects.
June 2025
Predicted Share Price Range: ₹505 – ₹515 Mid-year stabilization is anticipated, with slight upward movements driven by consistent performance across all business segments. ITC’s focus on sustainability and innovation attracts favorable attention from investors.
July 2025
Predicted Share Price Range: ₹510 – ₹520 July could see a rise in share prices as investors look forward to strong Q2 results for 2025.
The company’s strategic initiatives in agribusiness and information technology are expected to show promising results.
August 2025
Predicted Share Price Range: ₹515 – ₹525 The positive momentum is likely to continue into August, supported by robust Q2 results and ongoing growth in the FMCG sector. ITC’s efforts in eco-friendly product lines may also bolster investor confidence.
September 2025
Predicted Share Price Range: ₹520 – ₹530 As ITC enters the second half of the year, its share price is expected to remain robust, driven by sustained growth and strategic execution in core business areas.
October 2025
Predicted Share Price Range: ₹525 – ₹535 October may witness a spike in share prices due to increased demand during the festive season.
ITC’s diversified portfolio helps capitalize on seasonal sales, boosting its financial performance.
November 2025
Predicted Share Price Range: ₹530 – ₹540 The festive season continues to drive sales, particularly in the FMCG and tobacco segments.
Any strategic announcements or expansions planned by ITC could further enhance market sentiment.
December 2025
Predicted Share Price Range: ₹535 – ₹545 The year is expected to end on a high note, with strong Q3 results for 2025 and positive market sentiment.
ITC’s consistent performance and strategic growth initiatives will likely keep investor confidence high.
Quarterly Financial Performance
ITC’s financial performance over recent quarters highlights its resilience and growth potential. Here is a summary of its quarterly results in consolidated figures (in Rs. Crores):
| Quarter | Sales | Expenses | Operating Profit | OPM % | Other Income | Interest | Depreciation | Profit Before Tax | Tax % | Net Profit | EPS (Rs) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2021 | 14,342 | 9,471 | 4,871 | 34% | 579 | 3 | 409 | 5,039 | 24% | 3,820 | 3.05 |
| Jun 2021 | 13,247 | 8,804 | 4,444 | 34% | 447 | 9 | 414 | 4,467 | 25% | 3,344 | 2.66 |
| Sep 2021 | 13,757 | 8,740 | 5,018 | 36% | 469 | 10 | 422 | 5,055 | 26% | 3,766 | 3.01 |
| Dec 2021 | 17,108 | 11,510 | 5,598 | 33% | 422 | 10 | 430 | 5,580 | 26% | 4,127 | 3.29 |
| Mar 2022 | 16,556 | 10,956 | 5,599 | 34% | 499 | 11 | 467 | 5,620 | 24% | 4,266 | 3.40 |
| Jun 2022 | 18,489 | 12,412 | 6,077 | 33% | 321 | 9 | 438 | 5,950 | 25% | 4,472 | 3.56 |
| Sep 2022 | 17,108 | 10,849 | 6,259 | 37% | 455 | 13 | 462 | 6,239 | 25% | 4,682 | 3.73 |
| Dec 2022 | 17,705 | 11,000 | 6,705 | 38% | 595 | 9 | 447 | 6,844 | 26% | 5,080 | 4.03 |
| Mar 2023 | 17,635 | 11,011 | 6,624 | 38% | 683 | 12 | 461 | 6,833 | 24% | 5,243 | 4.16 |
| Jun 2023 | 17,164 | 10,494 | 6,670 | 39% | 722 | 10 | 442 | 6,940 | 25% | 5,190 | 4.10 |
| Sep 2023 | 17,774 | 11,320 | 6,454 | 36% | 665 | 10 | 453 | 6,656 | 26% | 4,965 | 3.93 |
| Dec 2023 | 18,019 | 11,516 | 6,504 | 36% | 651 | 14 | 459 | 6,682 | 19% | 5,407 | 4.28 |
| Mar 2024 | 17,923 | 11,296 | 6,626 | 37% | 682 | 13 | 461 | 6,834 | 24% | 5,191 | 4.10 |
Annual Performance Overview
ITC’s annual performance further underscores its financial strength and consistent growth:
| Year | Sales | Expenses | Operating Profit | OPM % | Other Income | Interest | Depreciation | Profit Before Tax | Tax % | Net Profit | EPS (Rs) | Dividend Payout % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2013 | 31,618 | 20,398 | 11,221 | 35% | 852 | 108 | 859 | 11,106 | 31% | 7,704 | 6.42 | 55% |
| Mar 2014 | 35,306 | 22,227 | 13,080 | 37% | 966 | 29 | 965 | 13,052 | 31% | 9,001 | 7.45 | 54% |
| Mar 2015 | 38,817 | 24,566 | 14,252 | 37% | 1,229 | 91 | 1,028 | 14,362 | 32% | 9,779 | 8.04 | 52% |
| Mar 2016 | 39,192 | 24,661 | 14,531 | 37% | 1,483 | 78 | 1,077 | 14,859 | 36% | 9,501 | 7.74 | 73% |
| Mar 2017 | 42,768 | 27,298 | 15,470 | 36% | 1,759 | 49 | 1,153 | 16,026 | 35% | 10,477 | 8.47 | 56% |
| Mar 2018 | 43,449 | 26,928 | 16,521 | 38% | 2,240 | 115 | 1,236 | 17,409 | 34% | 11,493 | 9.24 | 56% |
| Mar 2019 | 48,340 | 29,802 | 18,537 | 38% | 2,080 | 71 | 1,397 | 19,150 | 33% | 12,836 | 10.27 | 56% |
| Mar 2020 | 49,388 | 30,044 | 19,344 | 39% | 2,417 | 81 | 1,645 | 20,035 | 22% | 15,593 | 12.45 | 82% |
| Mar 2021 | 49,257 | 32,193 | 17,065 | 35% | 2,577 | 58 | 1,646 | 17,938 | 25% | 13,383 | 10.69 | 101% |
| Mar 2022 | 60,645 | 40,021 | 20,623 | 34% | 1,910 | 60 | 1,732 | 20,740 | 25% | 15,503 | 12.37 | 93% |
| Mar 2023 | 70,919 | 45,215 | 25,704 | 36% | 2,098 | 78 | 1,809 | 25,915 | 25% | 19,477 | 15.44 | 100% |
| Mar 2024 | 70,866 | 44,634 | 26,233 | 37% | 2,804 | 80 | 1,816 | 27,140 | 24% | 20,751 | 16.39 | 84% |
Compounded Growth Metrics
ITC’s growth over different time horizons presents a compelling picture:
- Compounded Sales Growth:
- 10 Years: 7%
- 5 Years: 8%
- 3 Years: 13%
- TTM: 0%
- Compounded Profit Growth:
- 10 Years: 9%
- 5 Years: 10%
- 3 Years: 16%
- TTM: 7%
- Stock Price CAGR:
- 10 Years: 7%
- 5 Years: 12%
- 3 Years: 32%
- 1 Year: -4%
- Return on Equity:
- 10 Years: 25%
- 5 Years: 26%
- 3 Years: 28%
- Last Year: 28%
Balance Sheet Analysis
ITC’s balance sheet reflects its solid financial foundation:
| Year | Equity Capital | Reserves | Borrowings | Other Liabilities | Total Liabilities | Fixed Assets | CWIP | Investments | Other Assets | Total Assets |
|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2013 | 790 | 22,368 | 102 | 12,069 | 35,329 | 12,140 | 2,062 | 5,981 | 15,146 | 35,329 |
| Mar 2014 | 795 | 26,134 | 78 | 15,504 | 42,511 | 14,072 | 2,267 | 9,146 | 17,026 | 42,511 |
| Mar 2015 | 799 | 30,324 | 152 | 17,289 | 48,564 | 16,288 | 2,437 | 10,337 | 19,501 | 48,564 |
| Mar 2016 | 803 | 34,673 | 162 | 17,396 | 53,034 | 18,096 | 2,496 | 11,531 | 20,911 | 53,034 |
| Mar 2017 | 1,210 | 39,295 | 204 | 19,951 | 60,660 | 19,746 | 2,734 | 16,693 | 21,487 | 60,660 |
| Mar 2018 | 1,218 | 44,449 | 153 | 23,255 | 69,075 | 22,583 | 3,174 | 17,930 | 25,388 | 69,075 |
| Mar 2019 | 1,225 | 50,196 | 245 | 25,350 | 76,789 | 25,320 | 2,809 | 17,738 | 30,921 | 76,789 |
| Mar 2020 | 1,230 | 54,220 | 226 | 24,476 | 80,153 | 27,499 | 3,372 | 19,579 | 29,702 | 80,153 |
| Mar 2021 | 1,230 | 55,574 | 86 | 28,445 | 85,335 | 27,378 | 3,260 | 21,266 | 33,431 | 85,335 |
| Mar 2022 | 1,230 | 63,293 | 38 | 32,167 | 96,728 | 30,418 | 2,879 | 24,029 | 39,402 | 96,728 |
| Mar 2023 | 1,230 | 70,905 | 39 | 33,947 | 106,121 | 34,164 | 3,101 | 26,896 | 41,960 | 106,121 |
| Mar 2024 | 1,230 | 80,050 | 41 | 34,693 | 115,923 | 36,185 | 3,250 | 30,444 | 46,044 | 115,923 |
Promoter and Institutional Holdings
Understanding the ownership structure is crucial for assessing control and potential influence on corporate governance:
| Date | Promoters | DIIs | FIIs | Public |
|---|---|---|---|---|
| Jun 2022 | 0.00% | 42.91% | 11.64% | 45.45% |
| Sep 2022 | 0.00% | 42.87% | 12.85% | 44.28% |
| Dec 2022 | 0.00% | 42.86% | 13.04% | 44.10% |
| Mar 2023 | 0.00% | 42.70% | 12.97% | 44.33% |
| Jun 2023 | 0.00% | 42.79% | 12.89% | 44.32% |
| Sep 2023 | 0.00% | 42.92% | 12.78% | 44.30% |
SWOT Analysis
Strengths
- Diversified Portfolio: ITC’s presence across multiple sectors, from FMCG to hotels, mitigates risks associated with reliance on a single industry.
- Strong Brand Equity: Brands like Aashirvaad, Sunfeast, and Bingo have strong consumer recognition and loyalty.
- Robust Financials: Consistent revenue and profit growth, coupled with a high return on equity, indicate a strong financial position.
Weaknesses
- Regulatory Risks: The tobacco industry faces stringent regulations and high taxation, which could impact ITC’s profitability.
- Dependence on Tobacco: Despite diversification, a significant portion of revenue still comes from the tobacco segment.
Opportunities
- Expansion in FMCG: Continued growth and innovation in the FMCG sector can drive future revenue.
- Sustainability Initiatives: Increasing focus on sustainable practices and eco-friendly products aligns with global trends and consumer preferences.
Threats
- Competitive Pressure: Intense competition in the FMCG sector from both domestic and international players.
- Economic Slowdown: Economic downturns can affect consumer spending and overall demand.
Conclusion
ITC Limited is well-positioned for growth with its diversified business model, strong brand equity, and robust financial health.
While regulatory risks and competition pose challenges, the company’s strategic focus on expanding its FMCG footprint and sustainability initiatives offers significant growth potential.
Investors should monitor industry trends, regulatory developments, and ITC’s quarterly performance to make informed investment decisions to predict ITC share price target by 2025.
