ITC stock fell 4% on a large trade; analyst stayed cautious on the stock despite attractive valuations due to cigarette business pressure

Thu 8 Oct 2026

Stock decline today

4 percent

Heard on business television between 15:21:59 - 15:24:59 IST.

• Analyst said consumption space view is not bullish due to weak monsoon, raw material pressure and soft demand
• ITC's cigarette business under pressure from recent tax hikes despite price hikes taken by the company
• Illicit/illegal cigarette trade from foreign brands at lower prices increasing competition
• Valuations called attractive with supportive dividend yield, but analyst remains underweight on staples and avoids ITC for now
• Preferred Marico instead, citing higher growth and better diversified product profile

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