Accumulate ITC, target price Rs 492: Prabhudas Lilladher

Prabhudas Lilladher has accumulate call on ITC with a target price of Rs 492. The current market price of ITC Ltd. is Rs 445.1. ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 553334.48 Crore) operating in Tobacco sector.

ITC Ltd. key Products/Revenue Segments include Packaged Food Item, Agricultural Products, Paper & Paper Boards, Others, Tobacco Unmanufactured, Service (Hotel), Other Operating Revenue, Printed Materials for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 17886.76 Crore, down -1.96 % from last quarter Total Income of Rs 18244.54 Crore and down -4.91 % from last year same quarter Total Income of Rs 18810.18 Crore. Company reported net profit after tax of Rs 5180.12 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 43.34 per cent, DIIs 31.08 per cent.