Jefferies cuts ITC target to Rs 350 as Q4 profit rises 5% but revenue slips 7%
ITC posted Q4FY26 net profit of Rs 5,113 crore (+4.9% YoY) on price hikes, even as revenue fell 7% to Rs 16,050 crore. EBITDA margin expanded to 40%. Jefferies trimmed TP to Rs 350 from Rs 400 citing cigarette tax hike risk in Q1FY27; Citi, MS, JPMorgan, Macquarie held ratings with cautious near-term view.
Jefferies cuts ITC target to Rs 350 from Rs 400 as Q4FY26 profit rises 5% to Rs 5,113 cr but revenue slips 7% on cigarette tax risk.
NDTV Profit · 5/22/2026, 3:07:30 AM · Ask about this →