ITC Ltd. - History, Latest Updates, Milestones, Subsidiaries & Share Price
Company Overview
ITC Limited is a major Indian conglomerate with a robust presence in the cigarette, branded consumer goods, agri-business, hospitality, paperboards, and packaging, as well as IT services sectors. Being a Kolkata-based, 1910-incorporated company as "Imperial Tobacco Company of India," this group has now slowly restructured itself from a cigarette company into a diversified FMCG and services company, with a growing number of revenue streams not linked to tobacco.
The company has various verticals like FMCG – cigarettes and a comprehensive range of non-cigarette products like foods, personal care products, match boxes, and agarbatti, hotels, paperboards, and specialty papers, agricultural business, and IT & ITES, hence forming a well-diversified earnings stream. ITC has been able to expand their non-cigarette FMCG products range owing to their popular brands like Aashirvaad, Sunfeast, Bingo, Yippee, Fiama, Vivel, and Classmate, whereas their agribusiness and paperboards segments benefit from integrated supply chains, which also cater to third-party businesses.
ITC is among the leading companies in the country in terms of revenue and market value, with gross revenue of approximately Rs.73,465 crore and EBITDA of about Rs.24,025 crore for FY25. In the market, ITC ltd share price has been trading around Rs.410 in late 2025 for the company's shares on the NSE, with a total market cap of around Rs.5.1 lakh crore, which is well below that of some of its direct FMCG rivals due to a substantial smoking segment.
In Q4 FY25, revenue from operation for the consolidated company was approx. Rs.20,376 crore, with high single-digit to low double-digit YoY growth, driven by stable volume sales in cigarettes, as well as robust momentum in branded and other FMCG products. Net profit for the consolidated company in the quarter was approx. Rs.19,807 crore, propelled by extraordinary income from the demerger of hotels, with profit performance, on a normalized basis, experiencing stable, though low, YoY growth.
From an investing perspective, ITC provides a dual benefit of being a defensive company with steady cash flows, a robust balance sheet, and a dividend pay-out history, as well as a potential for growth linked to their growing FMCG and services sectors. Through Enrich Money, among other platforms, investors can monitor real-time market data concerning ITC, including ITC ltd share price, technical analysis, valuations, and fundamental data, in order to conclude on either treating ITC as a compounder in the consumer goods segment due to their high dividend yields or as a India country play.
Recent Developments in 2025
The long-anticipated demerger of ITC’s hotel businesses became effective in January 2025, with a special meeting being organized for investors in the exchanges with respect to an exchange date, and shareholders being entitled to claim shares in the resultant new company, ITC Hotels Limited, with effect from 1 January.
In February 2025, shareholders were reminded of their cash dividend as ITC announced that it has set a record date for a substantial interim dividend, commonly known as a 650% dividend, with a pay-out period in early March.
March 2025 marked some definitive plans in the paper and packaging industry, with ITC agreeing to acquire Century Pulp and Paper.
In April 2025, ITC hastened its expansion in the branded foods segment with inorganic moves. The company proceeded to acquire Sresta Natural Bioproducts, which owned 24 Mantra Organic, in a move that would give it a solid entry into the growing market for organic foods. On a separate note, ITC announced that it would buy a substantial stake in Ample Foods, which would help it further expand into frozen, chilled, and ready-to-cook foods due to increasing demand for convenience foods.
In 2025, the declaration of the final dividend for ITC in FY25 increased the yearly dividend payable to among the highest levels ever, due to its strong ITC share dividend history and ITC dividend and bonus history. As the record date has been set for late May, ITC share rate has been gradually adjusting because of these developments. The interim dividend payment marked confidence in cash generation after demerger.
In June 2025, the company announced their Q4 and FY25 results, which reported interest as it showed that the profit in those results was boosted by a special gain from a demerger of their hotels. This special gain pushed their profit higher, but a note highlighted that their operation in their cigarette, FMCG, agriculture, and paper businesses was holding up well in a tough market. The company's board decision to implement their restructuring plan along with a sweet dividend move emphasized their proper use of funds.
Starting from September 2025, industry-wide policy shifts impacted ITC's environment of operation, especially in the fast-moving consumer goods segment. A move that would help rationalize the rates of certain food and nutrition-related products under GST would help ITC's packaged foods business grow as it would make key products of ITC more accessible. Management explained that tax savings would be shared with consumers with a view to encourage consumption and enhance their market position. In the latter part of 2025, talk of taxing tobacco products and cess revisions came into focus, with notions of a new form of central excise duty and health charges possibly influencing the market outlook for the cigarette segment. Meanwhile, observations in market chatter for November and December highlighted that ITC tobacco share price performance compared adversely to certain indices.
Evolution
ITC Limited started as a private company in 1910 with the name of Imperial Tobacco Company of India, purely dealing with tobacco processing and cigarette manufacturing.
1920s-1940s: Early Diversification Groundwork
The company began printing and packaging in 1925 in their Munger plant as a means of catering to their cigarette needs. Nonetheless, by 1949, packaging was further enhanced with a new packaging operation in Madras, whereas acquisitions such as that of the Carreras plant in 1935 enhanced production size due to domestic demand.
1950s-1960s: Public Shift and Name Evolution
The company acquired the production arm of Tobacco Manufacturers (India) in 1953 and became a public limited company in 1954. A change of name to India Tobacco Company in 1970 symbolized nationalist shifts brought about by India's independence. This marked a consolidation of tobacco and enhancement of farmer networks.
1970s: Entry into Hotels and Paperboards
ITC marked the inception of its hospitality business in 1972 with the acquisition of a hotel in Chennai, forming the root of a luxury chain of dozens of properties. In 1979, it ventured into manufacturing superior boards with Bhadrachalam Paperboards.
1980s-1990s: Agri and International Push
Agribusiness, established in 1990, was based on tobacco farming connections, with edible oil products such as Sundrop in 1988 and the export of wheat. International ventures began in 1985 with Surya Nepal, and by 1998, there were over 100 subsidiaries in finance, retail, and IT sectors, including the launch of Wills Sport clothes in 2000.
2000s: Rise of FMCG and Sustainability
ITC ventured into branded foods with Aashirvaad atta in 2001, with Classmate stationery and safety matches in 2002, growing quickly in other non-tobacco FMCG products. Initiatives such as e-Choupal enabled the technology-driven transformation of rural agri supply chains from 2000.
2010s-2020s: Modern conglomerate maturity
The name was finalized as ITC Limited in 2001; as of 2014, it led in admiration rankings and invested overseas in hotels. The current periods experienced FMCG premiumization, a green manufacturing drive, and a hotel demerger in 2025, with FY25 revenue of Rs. 73,465 crore.
Company Information
| Company Information | |
| Trade Name | ITC Limited |
| Founded year | 1910 |
| Headquarters | Kolkata, West Bengal, India |
| Industry | Diversified conglomerate (FMCG, Hotels, Packaging, Paperboards & Specialty Papers, Agri-Business, IT Services) |
| Chairman | Sanjiv Puri |
| Revenue | Rs.73,465 crore (Gross Revenue for FY25 as on 31.03.2025) |
| NSE code | ITC |
| BSE code | 500209 |
Milestones , Awards and Achievements
2024-2025:
Two gold and two silver medals at TISS Leapvault Chief Learning Officers' Awards. ITC ranked in Masters of Risk in FMCG from CNBC-TV18, Business Leader of the Year-ESG from Chemtech, FICCI Platinum for sustainable practices, and ET HRWorld EX for employee experience. ?
News, Major Corporate Actions & Announcements in 2025
Hotels Demerger Finalization
ITC announced its demerger of hotels, effective January 1, 2025, following approval by the NCLT in October 2024 and completion of all regulatory requirements, including nod from CCI. ITC retained 40% in the new ITC Hotels Ltd, with 60% given directly to the shareholders in direct proportion to their holdings, thereby unlocking value in hospitality without diluting its core FMCG focus. The ITC Ltd share price settled around Rs.470 after the announcement.??
Q1 FY26 Earnings Strength
ITC on August 1 said that it posted strong Q1 earnings, with the consolidated revenue rising 20% year-over-year to Rs.23,129 crore led by cigarettes, agri and FMCG growth, while Net profit climbed 3% at Rs.5,244 crore. Signals of urban demand recovery and expectations of liquidity support from the RBI drove sentiment, with ITC Ltd share price surging to Rs.416-Rs.417 apiece on BSE/NSE in the session.?
Dividend Declarations and ESOP Allotment
ITC declared a final dividend of Rs.7.50 per share for FY24, along with an interim Rs.6.50 for FY25, reiterating its shareholder-friendly approach backed by stable cash flows. The company issued close to 9 lakh shares under employee stock options and proposed a new Stock Appreciation Rights scheme capped at 2% of the capital to support talent retention.
Board Appointments and Delisting Move
The new directors appointed to the board included Chandra Kishore Mishra as Independent Director for five years and Siddhartha Mohanty as non-executive for three years, adding depth to governance. Late in October, the board considered voluntary delisting from the Calcutta Stock Exchange with effect from October 30, thereby aligning and streamlining the listings to NSE/BSE. ITC Ltd share price held firm through these updates around the range of Rs. 410 - Rs. 470. ?
Other Strategic Updates
The amalgamation scheme merged Sresta Natural Bioproducts and Wimco into ITC, thereby consolidating operations, while BAT clarified that its post-demerger stake in the company was not strategic. These actions boded well for ITC's focus on high-margin FMCG and agri amid moderating inflation, setting the ITC Ltd share price for upside potential in late 2025.
ITC Ltd Share Price
| Company Name | Sector | Share Price Link |
| ITC Ltd. | FMCG | ITC Ltd share price |
Conclusion
The transformation of ITC from a tobacco player into a diversified FMCG and services giant, backed by strong cash flows and consistent dividends, keeps the ITC ltd share price in focus for long-term investors. Enrich Money helps track price moves, fundamentals, and news so that traders can decide how ITC fits into their portfolio strategy.
Frequently Asked Questions
What is the ITC ltd share price history?
ITC Ltd share price movement records consistent growth from levels of Rs.410, evidenced in NSE market activities towards the end of 2025.
Where can I check ITC share price NSE India?
Follow ITC ltd share price live on Enrich Money's ORCA mobile application, which provides quotes, order depth, and volumes for ITC .
What will be the ITC share price target for tomorrow?
ITC ltd share price target for tomorrow will be market sentiment based after getting Q1 result and policy updates; recent surges to Rs.416-Rs.417 suggest potential upside near Rs.470 support levels.
How to check ITC ltd share price chart?
Find ITC ltd share price data on Enrich Money with daily/52W views, opening prices, and volumes associated with ITC ltd share price on the FMCG sector.?
What is ITC ltd share price intrinsic value compared to current price?
ITC ltd share price intrinsic value captures strong FY25 revenue at Rs.73,465 crore and EBITDA at Rs.24,025 crore, at a discount compared with FMCG sector associates because of the presence of the tobacco business.
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