ITC will declare its Q4 earnings on May 18th, along with the final dividend for FY22. The firm has already acquired over 39% of share capital in Sproutlife Foods Private Limited for Rs 175 crore. In Q3 FY23, the company posted a 21% YoY increase in net profit to Rs 5,031 crore. The target price for ITC is Rs 435 per share, and out of 32 analysts covering the stock, 30 have given strong buy and buy ratings. Recently, ITC has surpassed Infosys to become the sixth-largest company by market cap.
Q4 results today: HDFC Bank among 8 companies to announce earnings
The numbers were mixed for IT companies as TCS Q4 results beat the estimates, while Infosys struggled with softer FY25 and revenue miss.
April 20, 2024