03 Nov 2026, 06:07 IST
ITC Limited
HDFC Securities · ADD · target INR 300
The report maintains an ADD rating with a Sep-27 SoTP-based target price of INR300, citing a 21% YoY decline in cigarette revenue and 27% decline in cigarette EBIT against a 22%/23% rise in non-cigarette revenue/EBIT, with cigarette per-stick profitability expected to recover by Q4FY27.
From ITC Q2FY27 HSIE, written by HDFC Securities. Orivam summarised it; the view is HDFC Securities's, not Orivam's.
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