Share of ITC Limited is currently trading at around Rs.448/- Existing as well as prospective investors are asking for the ITC Share Price Target 2030 as well as the share price targets for other years from 2023 to 2030,2035 & 2040. In this article, we will discuss about the business prospects and financial performance of ITC Limited and based on our discussion and analysis will tell you the ITC Share Price Target 2030 as well as targets for other years from 2023 to 2030,2035 & 2040.
Following are the frequently asked questions by the existing as well as prospective investors, about ITC Ltd. We have provided answers to all these questions in this article:
- What will be the price of ITC stock in 2030?
- Is ITC a good buy for long term 2023?
- What is the future of ITC share?
- What will be ITC share price in 2040?
- Can I buy ITC share for long term?
- Is it good to buy ITC shares now?
Discussion & Analysis of Business & Financial performance as well as future Business Prospects of ITC Ltd:
ITC Limited (ITC) is a leading Indian conglomerate with a diversified portfolio of businesses across FMCG, Hotels, Paperboards & Packaging, Agri-Business and Information Technology. The company has a strong track record of growth and profitability, and is well-positioned to benefit from the long-term growth trends in the Indian economy.
FMCG
ITC’s FMCG business is its largest and most profitable segment, accounting for over 80% of the company’s revenue and profits. The company has a strong presence in a wide range of FMCG categories, including cigarettes, packaged foods, personal care products, and education & stationery products.
The FMCG sector in India is expected to grow rapidly in the coming years, driven by rising incomes, urbanization, and changing consumer preferences. ITC is well-positioned to capitalize on this growth with its strong brands, wide distribution network, and focus on innovation.
The company is also expanding its presence in the emerging categories of health and wellness, and sustainability-focused products. This is in line with the growing trend of consumers seeking healthier and more sustainable products.
Hotels
ITC’s hotels business is the second largest segment in terms of revenue. The company operates a chain of luxury hotels and resorts under the ITC Hotels brand. The company is also expanding its presence in the mid-market and budget segments with its new brands, Welcomhotel and Fortune.
The Indian hospitality sector is expected to rebound strongly in the post-pandemic era. ITC is well-positioned to benefit from this rebound with its strong brands, strategic locations, and focus on quality and service.
Paperboards & Packaging
ITC’s paperboards & packaging business is the third largest segment in terms of revenue. The company is a leading producer of paperboards and packaging products, such as carton boards, folding box boards, and specialty papers.
The paperboards & packaging sector in India is expected to grow rapidly in the coming years, driven by the growth of e-commerce and the increasing demand for sustainable packaging solutions. ITC is well-positioned to benefit from this growth with its strong manufacturing capabilities, focus on innovation, and customer-centric approach.
Agri-Business
ITC’s agri-business is a diversified business segment that includes the cultivation and marketing of agricultural commodities, such as wheat, rice, soybeans, and potatoes. The company also provides a range of services to farmers, such as input supply, extension services, and market access.
The Indian agricultural sector is expected to grow at a healthy pace in the coming years. ITC is well-positioned to benefit from this growth with its strong presence in the value chain, focus on sustainable practices, and commitment to farmer welfare.
Information Technology
ITC’s information technology business is a relatively small segment in terms of revenue. However, the company is investing heavily in this segment to develop and deploy digital technologies across its businesses.
ITC is also developing new digital products and services, such as the ITC e-Store and the ITC Hotels mobile app. The company is also exploring opportunities in new areas, such as artificial intelligence, machine learning, and blockchain.
Future Outlook
ITC is well-positioned to benefit from the long-term growth trends in the Indian economy. The company has a strong portfolio of businesses, a wide distribution network, and a focus on innovation. ITC is also investing heavily in digital technologies to transform its businesses and create new opportunities.
Here are some of the key drivers of ITC’s future growth:
- Rising incomes and urbanization in India
- Changing consumer preferences, such as the growing demand for healthier and more sustainable products
- Growth of e-commerce
- Investment in infrastructure and development projects by the Indian government
- ITC’s focus on innovation and digital transformation
ITC’s management is confident about the company’s future prospects. The company has set ambitious growth targets for the coming years. ITC is also committed to sustainability and corporate social responsibility.
Overall, ITC is a well-managed company with a strong track record of growth and profitability. The company is well-positioned to benefit from the long-term growth trends in the Indian economy. ITC is a good investment option for investors looking for a diversified exposure to the Indian economy.
Share Price Targets:
ITC Share Price Target 2023
Based on the above discussion and analysis, the share price of ITC may touch the level of around Rs.475-500 in 2023.
ITC Share Price Target 2024
Based on the above discussion and analysis, the share price of ITC is likely to touch the level of around Rs.550-600 in 2024
ITC Share Price Target 2025
Based on the above discussion and analysis, the share price of ITC is likely to remain in the range of Rs.650-700 in 2025.
ITC Share Price Target 2026
Based on the above discussion and analysis, the share price of ITC may touch the level of around Rs.750-800 in 2026.
ITC Share Price Target 2027
Based on the above discussion and analysis, the share price of ITC is likely to touch the level of around Rs.850-900 in 2027.
ITC Share Price Target 2028
Based on the above discussion and analysis, the share price of ITC is likely to remain in the range of Rs.950-999 in 2028
ITC Share Price Target 2029
Based on the above discussion and analysis, the share price of ITC is likely to touch the level of around Rs.1050-1250 in 2029
ITC Share Price Target 2030
Based on the above discussion and analysis, the share price of ITC is likely to remain in the range of Rs.1300-1500 in 2030
ITC Share Price Target 2035
Based on the above discussion and analysis, the share price of ITC is likely to remain in the range of Rs.1800-2000 in 2035
ITC Share Price Target 2040
Based on the above discussion and analysis, the share price of ITC is likely to remain in the range of Rs.2300-2500 in 2040
Disclaimer: Investment in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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