ITC completed Yoga Bar takeover as ITC stock sits 34.00 percent lower year to date

Published on 10/12/2026 at 10:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi raised its target to INR 300 from INR 280 on October 5, 2026. ITC stock stood at INR 258.15 on October 12, 2026 below INR 426.40.

Key points in brief

ITC completed the acquisition of the remaining Sproutlife Foods stake for INR 6.45 billion on September 28, 2026.
The transaction lifted ITC's ownership of Yoga Bar parent Sproutlife from 47.50 percent to 100.00 percent.
Citi upgraded ITC to Buy and raised its target from INR 280 to INR 300 on October 5, 2026.
ITC reported Q1 FY2027 adjusted profit after tax of INR 35.788 billion, down 27.10 percent year over year.
ITC's market capitalization was INR 3.2 trillion on October 12, 2026.

ITC, INE154A01025, Illustration mit AI erstellt.

ITC completed the acquisition of the remaining Sproutlife Foods stake for INR 6.45 billion on September 28, 2026, taking ownership of the Yoga Bar parent from 47.50 percent to 100.00 percent. As CNBC TV18 reported on September 28, 2026, ITC bought 13,445 shares through a cash transaction.

Three dated corporate steps

On September 17, 2026, ITC allotted 735,050 shares under its employee stock option schemes, according to StockFin. On September 28, the Sproutlife purchase added full ownership of the Yoga Bar business. On September 30, 2026, ITC reported paid-up share capital of INR 12.5305 billion divided into 1,253,051,708 ordinary shares through its investor-relations page.

What does Yoga Bar add?

The transaction gives ITC direct control of a digital-first health and nutrition brand while expanding its foods portfolio. The INR 6.45 billion consideration represents a defined capital commitment, while the move from 47.50 percent to 100.00 percent ownership removes the minority stake from the structure.

Citi turns more constructive

On October 5, 2026, Citi upgraded ITC to Buy from Sell and raised its target to INR 300 from INR 280, as CNBC TV18 reported. The same report said ITC's year-to-date correction had reached 34.00 percent and that 21 of 38 analysts carried Buy ratings.

Operating pressure remains visible in the latest reported quarter. In Q1 FY2027, ITC recorded net revenue of INR 169.076 billion, down 14.40 percent year over year, while adjusted profit after tax fell 27.10 percent to INR 35.788 billion and the earnings margin contracted to 26.70 percent, according to DSIJ.

Market value and capital scale

ITC had a market capitalization of INR 3.2 trillion on October 12, 2026. Its latest reported share capital of INR 12.5305 billion provides the scale behind the 1,253,051,708 ordinary shares outstanding.

Market context: Market report BSE Sensex.