Share of ITC Ltd is currently trading at around Rs.321/- Investors are asking for the ITC Share Price Target 2026, 2030, 2035 and 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the ITC Share Price Target 2026, 2030, 2035 and 2040.
Discussion & Analysis of Business & Financial performance with future business prospects of ITC Ltd:
ITC Ltd currently holds a strong and diversified position in India’s corporate landscape, with robust growth in cigarettes, FMCG, hotels, and agri-business. Looking ahead, its future prospects are promising, driven by expansion in non-tobacco FMCG, digital initiatives, and sustainability-focused strategies.
Current Business Position (2025–26)
• Revenue & Profitability: ITC reported 20% gross revenue growth in Q1 FY26, led by cigarettes, agri-business, and FMCG. Profit before tax rose by 1.9%, while EPS increased by 1.8% .
• Cigarette Segment: Still the backbone of ITC, contributing 32.6% of gross revenue and nearly 84% of operating profit. Segment revenue grew 7.6%, supported by tax stability and recovery from illicit trade .
• FMCG Growth: ITC’s FMCG division (foods, personal care, stationery) continues to expand, with strong brands like Aashirvaad, Sunfeast, and Savlon. FMCG revenue growth is steady, though margins remain thinner compared to cigarettes.
• Hotels & Paperboards: ITC Hotels is recovering post-pandemic with rising occupancy and premium positioning. Paperboards and packaging remain resilient, supporting ITC’s sustainability agenda.
• Financial Strength: ITC is a large-cap company with a market capitalization of ₹5.9 lakh crore. It has delivered 164% returns over five years, with a 27.3% profit margin and consistent dividend payouts, making it attractive to investors .
Future Business Prospects
• Diversification Beyond Tobacco: ITC is strategically reducing dependence on cigarettes by aggressively expanding FMCG, hotels, and ITC Infotech. FMCG is expected to be a major growth driver, leveraging India’s rising consumption.
• Digital & Agri Initiatives: ITC’s e-Choupal and agri-business platforms are set to benefit from India’s agricultural reforms and digital penetration, strengthening rural engagement.
• Hotels Expansion: With tourism rebounding, ITC Hotels is focusing on premium and boutique formats, which could enhance profitability.
• Sustainability & ESG: ITC emphasizes carbon neutrality, renewable energy, and sustainable packaging, aligning with global investor preferences.
• Investor Outlook: Analysts project ITC as a potential multibagger, with strong fundamentals and steady dividend history. Its diversified portfolio reduces risk, while FMCG and IT services offer long-term scalability .
• Challenges: Regulatory risks in tobacco, competitive FMCG landscape (HUL, Nestlé, D-Mart), and global economic uncertainties remain key hurdles.
Conclusion
ITC Ltd’s current strength lies in its dominant cigarette business and strong financials, but its future growth will be driven by FMCG, hotels, agri-business, and sustainability initiatives. With consistent profitability, diversification, and investor-friendly policies, ITC is well-positioned to remain a cornerstone of India’s corporate sector in the coming decade.
Share Price Targets:
ITC Share Price Target 2026
Based on the above discussion and analysis, the share price of ITC Ltd may touch the level of around Rs.350-375 in 2026
ITC Share Price Target 2030
Based on the above discussion and analysis, the share price of ITC Ltd may touch the level of around Rs.700-750 in 2030
ITC Share Price Target 2035
Based on the above discussion and analysis, the share price of ITC Ltd may touch the level of around Rs.1500-1600 in 2035
ITC Share Price Target 2040
Based on the above discussion and analysis, the share price of ITC Ltd may touch the level of around Rs.3250-3500 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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