ITC500875Fmcg, cigarettes
Citi double upgraded ITC to buy from sell, raising target price to 300 from 270
- New target price
- 300 rupees
- Previous target price
- 270 rupees
- Price hikes passed to consumers
- 75 percent
Heard on business television between 09:05:10 - 09:08:10 IST.
- Citi double upgraded ITC to buy from sell with target price raised to 300 from 270.
- About 75% of price hikes have already been passed to consumers, aiding top line for cigarette business.
- Profitability appears to be bottoming, which could trigger a rerate for the stock.
- Citi said earnings downgrade cycle is largely over and upgraded EPS estimates.
- Citi noted stock has corrected significantly, making risk-reward favorable despite near-term pressure.
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Source: Live TV News Channel · 5 Oct 2026
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