ITC Dividend: Rs 6.50 Payout, Ex-Date Tomorrow On Wednesday; Will The Stock Rally?

With operations in FMCG, paper, packaging, agribusiness, and IT, ITC is a prominent multi-business Indian company that sets the standard for sustainability worldwide. One of the leading private sector corporations in India, ITC is a diverse conglomerate with operations in the fields of information technology, paperboards and packaging, fast-moving consumer goods, and agribusiness. Aashirvaad, Sunfeast, Yippee!, Bingo!, B Natural, ITC Master Chef, Fabelle, Sunbean, Fiama, Engage, Vivel, Savlon, Classmate, Paperkraft, Mangaldeep, Aim, and other top-tier FMCG brands are all owned by ITC.

ITC Dividend 2025

The Board of Directors "Declared Interim Dividend of Rs 6.50 per Ordinary Share of Rs 1/- each for the f inancial year ending on 31st March, 2025; such Dividend will be paid between Thursday, 6th March, 2025 and Saturday, 8th March, 2025 to those Members of the Company entitled thereto. Fixed Wednesday, 12th February, 2025 as the Record Date for the purpose of determining entitlement of the Members for such Interim Dividend," said ITC in a stock exchange filing.

ITC Q3 Financials

ITC reported a 7.51% year-on-year (Y-o-Y) decline in consolidated net profit to Rs 4,935 crore in the third quarter, which ended on December 31, 2024, from Rs 5,335 crore in Q3FY24. From Rs 18,880 crore in the same time last year to Rs 20,350 crore in the third quarter of the current fiscal, the revenue climbed 7.7%. While the non-cigarette FMCG (fast moving consumer goods) segment had a 4% year-on-year increase in sales to Rs 5,427.70 crore, the cigarette segment saw a 7.8% year-over-year boost in revenue to Rs 8,944.83 crore. EBITDA (earnings before interest rates, taxes, depreciation, and amortisation) jumped 3% to Rs 6,197 crore during the December quarter of FY25.

ITC Share Price Target

Hardik Matalia - Derivative Analyst at Choice Broking said, "ITC is currently trading at ₹418 and has been facing significant selling pressure since the end of September. After a prolonged consolidation phase between November and early February, during which the stock remained in the ₹428-₹465 range, it recently broke below this range with a strong bearish candlestick formation. This breakdown, occurring just before the dividend execution, signals continued selling pressure."

"The stock has corrected approximately 16% from its all-time high and is now trading below its 20-day, 50-day, and 200-day Exponential Moving Averages (EMAs) on the daily chart, further reinforcing the bearish sentiment. Additionally, the Relative Strength Index (RSI) stands at 33.99 and continues to trend downward, indicating increasing selling momentum," the analyst added.

"Despite the prevailing weakness, the ₹416-₹395 range is expected to serve as a strong support zone. If the stock stabilizes within this range and shows signs of a reversal, it could offer a potential buying opportunity. However, traders and investors should wait for confirmation of price action before initiating fresh positions," Hardik Matalia further recommended.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.