ITC slips 1% as Q4 revenue misses; Jefferies cuts target to Rs 350, Citi stays Sell
Q4FY26 net profit rose 4.9% to Rs 5,113 cr and EBITDA margin held at 40%, but revenue fell 7% to Rs 16,050 cr. Brokerages flag cigarette tax-hike drag; stock down 29% over 12 months as Jefferies, Citi, Morgan Stanley, JPMorgan and Macquarie stay cautious.
ITC fell 1% after Q4FY26 revenue missed; Jefferies cut target to Rs 350, Citi stayed Sell as cigarette tax-hike drag weighs on outlook.
NDTV Profit · 5/22/2026, 5:11:00 AM · Ask about this →