ITC Dividend Soon, High ROE: Should You Buy FMCG Giant ITC Before Q3 Results?

Large cap FMCG sector company, ITC Ltd shares today surged by 0.30% to settle at Rs 441.50 per share on Bombay Stock Exchange (BSE). The company today informed about its Board of Directors meeting scheduled to be held on February 6, 2025. The company will consider financial results and declaration of interim dividend for the financial year ending March 31^st, 2025.

It offers a return of equity (ROE) of 28.22%. An ideal return on equity (ROE) varies between 15% to 20% but ROE may differ depending on industry or sector. The market capitalisation of the FMCG giant stood at Rs 5,52,392.01 crore. Check key details:

ITC To Consider Dividend, Financial Results

According to the regulatory filing of the company dated January 24, 2025, “In terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to advise that a Meeting of the Board of Directors of the Company has been convened for Thursday, 6th February, 2025, inter alia, to:

(a) consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company along with the Unaudited Segment-wise Revenue, Results, Assets and Liabilities for the Quarter and Nine Months ended 31st December, 2024; and

(b) consider declaration of Interim Dividend for the financial year ending on 31st March, 2025.”

ITC Dividend Yield

It announced a total of 29 dividends since July 3, 2001. In last 1-year, ITC Ltd. recommended an equity dividend amounting to Rs 13.75 per share. If the current share price of Rs 441.50 is taken into consideration, it offers a dividend yield of 3.11%.

ITC Shares Performance

The 52-week high price of ITC Ltd shares on BSE stood at Rs 500.01 apiece (climbed on 27/09/2024) and 52-week low price is Rs 377.74 per share (touched on 12/03/2024), respectively. ITC shares witnessed rally of 0.31% in last 1-week when BSE Fast Moving Consumer Goods sector soared 0.16% and Sensex fell 0.56%. ITC Ltd shares fell 5.54% in last 6-months, gained 0.65% in last 1-year, soared 37.69% in last 1-year, and offered return of 120.40% in last 2-years.

Should You Buy FMCG ITC Shares?

Leading brokerage firm Nomura, in its brokerage report dated January 10, recommended buy call to ITC with target price of Rs 575 per share. The analyst finds the consumption space reasonable and expects likelihood of robust growth.

ITC Bonus Share History

ITC recommended a total of 3 bonus shares since September 21, 2005. Its last bonus was recommended in the proportion of 1:2 with ex-bonus date fixed as July 1, 2016.

ITC Stock Split History

The large cap FMCG giant ITC split face value of its shares once since September 21, 2005. ITC Ltd. sub-divided face value of its shares from Rs 10 to Re 1 in 2005. ITC shares traded ex-split  on September 21, 2005.

ITC About

ITC is one of India’s foremost private sector companies and a diversified conglomerate with businesses spanning Fast Moving Consumer Goods, Paperboards and Packaging, Agri Business and Information Technology. The Company is acknowledged as one of India’s most valuable business corporations with a Gross Revenue of Rs 69,446 crores and Net Profit of Rs 20,422 crores (as on 31.03.2024). ITC was ranked as India’s most admired company, according to a survey conducted by Fortune India, in association with Hay Group, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of Nomura. Moneydaily.in, the Author, and the respective Brokerage House will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.

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