Profit Kyo Gira? Kya Hai Pura Matter?
Dekho, ITC ka net profit March quarter mein 72.6% kam hokar ₹5,387 Crore ho gaya. Iska main reason ye hai ki pichhle saal ka result ekdum zabardast tha, usme ₹14,652 Crore ka exceptional gain tha. Is baar woh extraordinary gain nahi tha, isliye profit mein badi girawat dikh rahi hai.
Lekin Revenue Toh Badha Hai!
Par ek acchi baat ye hai ki company ka revenue 17% badhkar ₹23,821 Crore ho gaya hai. Cigarette business ne toh dhamaal machaya, revenue 29% badh kar ₹11,951 Crore ho gaya, iska reason February mein hui excise duty hike ke baad price increase hai. Aur FMCG (Others) segment bhi piche nahi, revenue 15% badhkar ₹6,352 Crore ho gaya.
Dividend Aur Stock Ka Kya?
Company ke board ne ₹8 per share ka final dividend recommend kiya hai. FY26 ke liye total dividend ₹14.50 ho jayega (jisme ₹6.50 ka interim dividend bhi include hai). Stock market ki baat karein toh, May 21, 2026 ko stock 0.15% badhkar ₹308.00 par close hua.
Aage Kya Challenges Hain?
Abhi bhi kuch concerns hain. February mein jo cigarette par excise duty badhi thi, uska pura impact price hike se cover nahi ho paaya hai, jisse margins par asar pad sakta hai. Aur global issues jaise Middle East conflict ki wajah se raw material, jaise edible oil aur packaging, ka cost bhi badh gaya hai. ITC ne warning di hai ki agar cigarette par taxes aur badhe toh illegal trade badh sakti hai.
Analyst Kya Keh Rahe Hain?
Analysts ka overall view neutral hai. Unka average price target ₹359.19 ke aas-paas hai. Ye company ke strong brands aur fundamentals ko dhyan mein rakhte hue hai, par evolving regulatory aur economic conditions ko bhi dekhna padega.
