ITC scheduled September results. ICICI Direct set INR 341 target for ITC stock

Published on 10/20/2026 at 11:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ITC posted INR 808.67 billion gross revenue in fiscal 2026. The November 2, 2026 board meeting covers September results for ITC stock.

Upcoming results and valuation

ITC scheduled a board meeting for November 2, 2026, to review September-quarter results.
ICICI Direct set an INR 341 target on August 4, 2026, after upgrading ITC.
ITC reported INR 808.67 billion in gross revenue for fiscal 2026.

ITC, INE154A01025, Illustration mit AI erstellt.

ITC (ISIN INE154A01025) had scheduled a board meeting for November 2, 2026, to consider results for the quarter and six months ended September 30, 2026. On August 4, 2026, DSIJ reported that ICICI Direct upgraded ITC from Hold to Buy and set a target of INR 341.

Results date brings a clear checkpoint

The November meeting covers unaudited standalone and consolidated results, segment figures, the balance sheet and cash flow statement for the half year ended September 30, 2026. Tulsian AI reported that the communication was signed on October 16, 2026, and that the meeting would consider the September-quarter accounts.

The scheduled release matters because ITC's latest reported quarter showed a sharp split between revenue and profitability. Finance figures for the quarter ended June 30, 2026 showed revenue of INR 191.14 billion, operating income of INR 47.53 billion and net income of INR 43.94 billion.

What does the target imply for ITC?

ICICI Direct's INR 341 target was published against a reported reference price of INR 287 on August 4, 2026. The target therefore stood 18.82 percent above that reference price, according to DSIJ. The same report said adjusted profit after tax for the first quarter of fiscal 2027 was INR 35.79 billion, down 27.10 percent year over year.

Three dates frame the story

On May 21, 2026, ITC reported consolidated net revenue of INR 178.20 billion for the fourth quarter of fiscal 2026, according to DSIJ. On August 4, 2026, ICICI Direct set the INR 341 target. On October 16, 2026, ITC disclosed the November 2 meeting for results covering September 30, 2026.

The next substantiated date is November 2, 2026, when the board is scheduled to consider the quarter and half-year results.

Market value remains measurable

Market data dated October 19, 2026 placed ITC's market capitalization at INR 3.3 trillion and its 52-week range at INR 253.15 to INR 426.40. The same NSE page identifies ITC as listed on the National Stock Exchange of India and included in the NIFTY 50.