The shares of the prominent blue-chip company fell up to 4.3 percent in today’s trading session after Foreign institutional investors, likely to offload 33.25 crore equity shares via block deal.
With a market capitalization of Rs 5.26 lakh crore, the shares of ITC Ltd were trading at Rs 420.80 apiece, decreasing around 3.02 percent as compared to the previous closing price of Rs 433.90 apiece.
Block Deal
According to the sources, FII, British American Tobacco (BAT), is likely to offload 33.25 crore equity shares, which is equivalent to 2.57 percent of ITC Ltd, at an average price of Rs 417 per share in a block deal. The transaction is valued at Rs 13,863 crore.
As of March 2025, BAT holds 3,18,27,62,693 equity shares, equivalent to a 25.4 percent stake in the company. In March 2024, BAT sold a 3.5% stake in ITC for around $2 billion. The transaction involved 43.6 crore shares that were sold at an average price of ₹400.4 per share.
Q4 Highlights
Recently, the company reported positive Q4 results, revenue decreased by 0.13 percent on a quarter-on-quarter basis from Rs 18,790 crore in Q3FY25 to Rs 18,765 crore in Q4FY25. Further, revenue increased by 10 percent year on year, from Rs 17,038 crore in Q4FY24 to Rs 18,765 crore in Q4FY25.
The company’s net profit increased by 295 percent on a quarter-on-quarter basis, from Rs. 5,013 crore in Q3FY25 to Rs.19,808 crore in Q4FY25. Further, net profit magnified significantly by 281 percent year on year from Rs 5,191 crore in Q4FY24 to Rs 19,808 crore in Q4FY25.
For the quarter ended March 31, 2025, ITC reported total segment revenue of Rs 21,780.31 Cr. FMCG led with Rs 14,731.99 Cr, including Rs 9,228.66 Cr from cigarettes and Rs 5,503.33 Cr from other FMCG. Agri Business contributed Rs 3,694.64 Cr, Paperboards Rs 2,188.69 Cr, and Other segments Rs 1,164.99 Cr.
Also read: Ethanol Stock Jumps 10% After Reporting 335% Net Profit Growth in Q4; Declares Dividend
Brokerage Recommendations
Recently, Jefferies, one of the well-known brokerages globally, has maintained its ‘buy’ rating on this FMCG stock with a target price of Rs 535 apiece, indicating a potential upside of 27 percent from Tuesday’s price of Rs 420.50 per share.
Jefferies noted ITC’s results were broadly in line, despite significant pressure in its FMCG and paperboard segments. The FMCG segment saw a sharp EBIT decline due to challenging macroeconomic conditions, affecting overall performance but maintaining expected levels.
Written by Abhishek Singh
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