ITC is now the 7th most valued company in India, with a market valuation of more than 5,62,102 crore INR.
If you are looking to invest in ITC, and not sure if it is the right decision to make, we are going to help you decide with our article on ITC share price Target 2023 to 2030. First of all, let’s look at some information around ITC.
ITC Limited is an Indian company formed by a bunch of many firms. It has a total of 13 businesses in around 5 segments. Its recent share value stands at Rupees 451 as of 24th of August 2023.
There are various sectors in ITC including hotels, and various other companies merged. ITC currently exports to 90 countries.
ITC is known to be the second most popular FMCG company.
ITC in Recent News
- ITC’s net profit for Q1 surges by 18%; board gives the green light for the demerger of the hotel business, aiming for a listing within 15 months.
- 28th July: Prabhudas Lilladher suggests building up holdings of ITC, with a target price set at Rs 478
- ITC is currently in the process of demerging its hotel business. (Read the latest news)
- ITC reports a remarkable 16 percent year-on-year increase in standalone profit for the June, 2023 quarter.
- ITC declares dividend of Rs.9.50 (Rs.6.75+Rs.2.75 special dividend) in May 2023.
- ITC becomes the 7th most biggest companies in India, by Marketcap, just after HUL and Infosys.
- ITC starts a food manufacturing facility worth 450 crores in Telangana.
Financesrule Recommended
Now that we have learnt about the company, let us now look into its price target for future.
| When | Maximum Price | Minimum Price |
| July 2023 | ₹490.33 | ₹442.11 |
| August 2023 | ₹495.27 | ₹442.98 |
| September 2023 | ₹486.55 | ₹432.04 |
| October 2023 | ₹505.67 | ₹450.51 |
| November 2023 | ₹495.43 | ₹379.56 |
| December 2023 | ₹512.28 | ₹397.91 |
The prices are listed in Indian Rupees (₹).
ITC have had a dream run in 2023 so far. ITC share price grew by more than 22% YTD, showing bullish sign.
In August 2023, the maximum price is predicted to be ₹495.27 and the minimum price is expected to be ₹442.98.
September 2023 share price target for ITC stands between ₹486.55 and ₹432.04.
Prices for ITC are expected to fluctuate over the course of the year, with the highest predicted maximum price of ₹512.28 in December 2023 and the lowest minimum price of ₹330 in January 2023.
ITC opening their manufacturing sector in Telangana could boost production in 2023, which should largely increase sales and profit in upcoming years.
If we compare P/E ratio of all top FMCG shares, we could see ITC’s P/E ratio is 28.3 and is still one of the lowest. This means, though the stock is already up by 35.56% this year, it could still go up by another 20-30% by the year end.
We compared all FMCG stocks here
| When | Maximum Price | Minimum Price |
| January 2024 | ₹529.77 | ₹476.75 |
| February 2024 | ₹550.31 | ₹458.59 |
| March 2024 | ₹579.27 | ₹470.95 |
| April 2024 | ₹526.61 | ₹445.08 |
| May 2024 | ₹488.84 | ₹437.57 |
| June 2024 | ₹526.61 | ₹455.08 |
| July 2024 | ₹491.62 | ₹446.99 |
| August 2024 | ₹492.38 | ₹440.78 |
| September 2024 | ₹517.00 | ₹437.69 |
| October 2024 | ₹608.23 | ₹467.87 |
| November 2024 | ₹638.64 | ₹491.26 |
| December 2024 | ₹651.42 | ₹501.09 |
ITC Shares Price prediction for 2024 shows quite a high rise in the share value, proving to be beneficial for ITC Share holders. The highest share price is expected to touch 651 rupees in December 2024.
The lowest remains at ₹437.57 in January 2024. From July to December, ITC shares is expected to show a gradual increase in prices.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹664.45 | ₹511.11 |
| February 2025 | ₹699.42 | ₹538.01 |
| March 2025 | ₹734.39 | ₹564.91 |
| April 2025 | ₹655.70 | ₹504.39 |
| May 2025 | ₹596.09 | ₹458.53 |
| June 2025 | ₹655.70 | ₹504.39 |
| July 2025 | ₹624.48 | ₹480.37 |
| August 2025 | ₹650.50 | ₹500.38 |
| September 2025 | ₹683.02 | ₹525.40 |
| October 2025 | ₹724.01 | ₹556.93 |
| November 2025 | ₹774.69 | ₹595.91 |
| December 2025 | ₹790.18 | ₹607.83 |
ITC share value in 2025 is expected to steadily increase in the price when compared to 2024. The share prices is expected to range in between at 511.11- 790 rupees. This is a pretty good share price with a constant up in the prices. So if you are wondering, if the share price for ITC in 2025 will be high or low, we think ITC will be bullish in 2025, and if invested now may give you more than 400%rise in value. Our price target for ITC Shares for 2025 is 790INR.
ITC Price Prediction 2026-2030
| ITC Price Prediction | Max Price | Min Price |
| 2026 | ₹553.13 | ₹387.19 |
| 2027 | ₹470.16 | ₹329.11 |
| 2028 | ₹846.28 | ₹592.40 |
| 2029 | ₹1,738.39 | ₹1,216.88 |
| 2030 | ₹1,935.94 | ₹1,355.16 |
Let us have a look at the long term share price predictions for ITC from 2026 to 2030.
In 2026, the maximum predicted price is ₹553.13 and the minimum predicted price is ₹387.19. The prices are expected to fluctuate over the next five years, with the highest predicted price of ₹1,935.94 in 2030 and the lowest predicted price of ₹329.11 in 2027.
It is important to note that these predictions are subject to change and should be considered as estimates only.
ITC Financial Condition (Last 5 years)
| Mar ’23 | Mar ’22 | Mar ’21 | Mar ’20 | Mar ’19 | |
|---|---|---|---|---|---|
| Net Sales Turnover (Rs Cr) |
66,043.27 | 56,341.27 | 45,485.11 | 45,619.70 | 44,995.65 |
| Other Income (Rs Cr) |
2,437.61 | 2,589.97 | 3,250.99 | 3,013.66 | 2,484.54 |
| Total Income (Rs Cr) |
68,480.88 | 58,931.24 | 48,736.10 | 48,633.36 | 47,480.19 |
| Total Expenses (Rs Cr) |
42,098.80 | 37,407.61 | 29,962.65 | 27,715.45 | 27,690.14 |
| Operating Profit (Rs Cr) |
23,944.47 | 18,933.66 | 15,522.46 | 17,904.25 | 17,305.51 |
| EBITDA (Rs Cr) |
26,382.08 | 21,523.63 | 18,773.45 | 20,917.91 | 19,790.05 |
| Depreciation (Rs Cr) |
1,662.73 | 1,652.15 | 1,561.83 | 1,563.27 | 1,311.70 |
| EBIT (Rs Cr) | 24,719.35 | 19,871.48 | 17,211.62 | 19,354.64 | 18,478.35 |
| Interest (Rs Cr) | 41.81 | 41.95 | 47.47 | 55.72 | 34.19 |
| EBT (Rs Cr) | 24,677.54 | 19,829.53 | 17,164.15 | 19,298.92 | 18,444.16 |
| Taxes (Rs Cr) | 5,997.10 | 4,771.70 | 4,229.66 | 4,030.76 | 5,979.84 |
| Profit and Loss for the Year (Rs Cr) |
18,680.44 | 15,057.83 | 12,934.49 | 15,268.16 | 12,464.32 |
| Extraordinary Items (Rs Cr) |
72.87 | 0.00 | 0.00 | -132.11 | 0.00 |
| Reported PAT (Rs Cr) |
18,753.31 | 15,057.83 | 12,934.49 | 15,136.05 | 12,464.32 |
We can see the new profits of ITC is growing from the last 5 years. The company has been generating steady profits, but the rate at each the profit is increasing is very less. This is almost below 6% year on year.
Why is ITC going up in 2023?
ITC share price is going up in 2023 majorly because of the below mentioned reasons:
- Strong financial performance: ITC has reported strong financial performance in recent quarters, with revenue and profit growing at a healthy pace. In the June quarter of 2023, though the company’s revenue dropped by 7.1% year-on-year to Rs 17,164 crore, but its profit grew by 16% year-on-year to Rs 5,190 crore.
- Generous dividend payouts: ITC is known for its generous dividend payouts. In the fiscal year 2022-23, the company announced a total dividend of Rs 15.50 per share, which is equivalent to a dividend yield of 4.59%.
- Supportive policy environment: The government has been supportive of the FMCG sector, which has helped ITC to grow its business. The government has also taken steps to reduce the tax burden on cigarettes, which has helped to boost ITC’s profitability.
- ITC Hotel Demerger: Another reason why ITC share price might have surged is because of the ITC-ITC Hotel demerger news, and analysts are expecting growth in ITC shares.
Axis Securities recommends purchasing ITC with a target price of Rs 540. (2nd August, 2023)
Prabhudas Lilladher recommends building up holdings in ITC, setting a target price at Rs 478. (29th July, 2023)
JM Financial has given a buy call on ITC and the maximum share price target is Rs. 485.
Motilal Oswal has given a buy call and according to them, ITC share price target is Rs. 485. By their recent comment, they are bullish on ITC.
Sharekhan recommends purchasing ITC stock with a target price of Rs 485.
Elara Securities, a global brokerage firm, has expressed optimism towards ITC and increased the target price of the FMCG company’s share price. According to Elara, buy ITC with a share price target of Rs. 473
Nomura, a financial institution, has revised ITC’s price target, increasing it from INR455 to INR485. Despite the adjustment, Nomura maintains its “Buy” recommendation for ITC.
ITC’s share price is predicted to reach a maximum of 790.18 rupees in December 2025 and the lowest at 511.11 rupees in January 2025.
Is it a good time to invest in ITC?
It could be a good time to invest in ITC because the share prices have corrected by more than 10% after reaching 500INR and is showing a consolidation.
Is ITC undervalued or overvalued?
ITC is now the #7th most valued company in India, by marketcap. However, technical analysis of ITC shows, ITC is expected to rise for and hence undervalued at the current price.
Will ITC stock go up tomorrow?
Records show ITC share price shows a continued rise in the upcoming months. However, tomorrow it could decrease in the value.
ITC Share price target 2030 is Rs. 1,935.94.
ITC Share price could reach Rs.1000 by year 2029. Max Share price target of ITC in 2029 is Rs. 1,738.39
How much dividend ITC has declared in May 2023?
ITC has declared a final dividend of Rs 6.75 per equity share and a special dividend of Rs 2.75 per equity share for the financial year 2022-2023. These dividends, along with the interim dividend of Rs 6 per share declared earlier, amount to a total dividend payout of Rs 15.50 per share for FY 2022-2023.
Will ITC stock price grow in 2023?
It‘s hard to tell what ITC‘s stock will do in 2023. Nevertheless, it appears the stock price will keep rising as the company invests in new projects, broadens its enterprises, and keeps on producing profits and dividends. Moreover, the Indian economy is estimated to recover in 2021 and 2022 after the pandemic, which could lead to increased demand for ITC‘s products, pushing up their stock price. We expect ITC to cross Rs.500 by 2023 end.
What is the market cap of ITC?
As of 24th August 2023, the market cap is recorded to be ₹ 5,62,102 Crores.
What future is anticipated for ITC in 2025?
It‘s not easy to say what the future holds for ITC in 2025. But due to the firm‘s solid financial performance and optimistic outlook, it looks like ITC should remain a powerful and prosperous company in 2025. The company has been putting money into new projects and widening its businesses, which is expected to cause greater profits and bigger share prices down the line. Plus, the Indian economy is estimated to get back on track in 2021 and 2022 following the pandemic, which could result in increased demand for ITC‘s products, propelling their stock price.
Can ITC reach 1000 INR?
It is difficult to make a prediction on whether ITC can reach 1000 INR. However, given the company’s strong financial performance and positive outlook, it is possible that ITC can reach 1000 INR in the future around the year 2028. The company has been investing in new projects and expanding its businesses, which is likely to lead to increased profits and higher share prices in the future. Additionally, the Indian economy is expected to rebound in 2021 and 2022 after the pandemic, and this could lead to increased demand for ITC’s products, driving up their stock price.
ITC share price target 2030 suggest, it could be trading in between ₹2,163.70 to ₹1,514.59. ITC from the current price could go up by more than 3 to 4.5times.
Can ITC reach Rs. 500?
ITC crossed Rs.500 momentarily in the month of July, 2023. We expect ITC to reach Rs.500 again by December 2023.
Further Read:
ITC Ltd., one of India’s leading multinational conglomerates, has announced a strategic decision to demerge its hotels business, signaling an ambitious value unlocking plan.
The demerger will see ITC Hotels, a high-performing segment of ITC, become an independent entity. With its own management and focus, ITC Hotels is poised to leverage industry-specific growth opportunities more effectively.
In the fiscal year 2023, ITC Hotels reported a year-on-year growth of 99.5% and accounted for 3.2% of ITC’s total revenue. This high growth rate has come as a result of a strong industry recovery, favorable macroeconomic conditions, and strategic initiatives from ITC.
Post-demerger, shareholders of ITC will directly hold stakes in the new entity, enabling independent, market-driven valuation and potentially higher returns. This move is anticipated to boost ITC’s overall numbers, allowing each of its verticals to focus on their individual growth paths.
In summary, the demerger of ITC Hotels aligns with ITC’s broader strategy to maximize shareholder value by enabling a more focused and efficient approach to managing its diverse businesses.
Final Conclusion: Is ITC Limited A Good Investment to make in 2023?
In my view, this is the best time to invest in ITC shares as the prices are low, promising to rise in the future. This would prove to be a good investment for shareholders. ITC is the second fastest growing FMCG, with lesser chances of risks. I also like ITC mainly that I also get dividends every year.
With the demerger of ITC Hotels, value unlocking is expected to happen both in ITC and ITC hotels. I am personally more bullish that ever. I must tell you I hold ITC with a long term view in mind, and I would not mind ITC dropping by 20% from here. But if you have a shorter duration in mind, I highly recommend you to DYOR, understand risk assessment and then take a trade in ITC.
Note: We can now see ITC share prices going up post Union Budget 2023 announcement, despite the hike in cigarette hikes.
Disclaimer: All information in this article – ‘ITC Share Price Target 2023 to 2025 is for educational and informational purpose only, and not an investment advice.
What did we learn?
- 1 ITC in Recent News
- 2 How To Buy ITC Share in India?
- 3 ITC Share Price Predictions and Target: 2023 to 2030
- 4 ITC Price Prediction 2026-2030
- 5 ITC Financial Condition (Last 5 years)
- 6 Why is ITC going up in 2023?
- 7 ITC Share Price Target by Brokerage Firms and Experts
- 8 ITC Share Price Target FAQS: Your All Questions Answered
- 8.1 What will be the share price of ITC in 2025?
- 8.2 Is it a good time to invest in ITC?
- 8.3 Is ITC undervalued or overvalued?
- 8.4 What is the share price target of ITC in 2030?
- 8.5 Can ITC share reach Rs.1000?
- 8.6 How much dividend ITC has declared in May 2023?
- 8.7 Will ITC stock price grow in 2023?
- 8.8 What is the market cap of ITC?
- 8.9 What future is anticipated for ITC in 2025?
- 8.10 Can ITC reach 1000 INR?
- 8.11 What is ITC Share Price Target 2030?
- 8.12 Can ITC reach Rs. 500?
- 9 ITC – ITC Hotels Demerger: What is means for ITC share holders?
- 10 Final Conclusion: Is ITC Limited A Good Investment to make in 2023?
