ITC Limited, a major player in the cigarette and fast-moving consumer goods (FMCG) sectors, saw its stock price climb by 4.11% to Rs 292.50 during a recent trading session. This rebound follows the company's Q1 FY27 earnings report, which revealed a mixed financial performance. The firm's market capitalization currently stands at Rs 3.61 lakh crore.
Q1 FY27 Earnings Overview
For the June 2026 quarter (Q1 FY27), ITC reported a consolidated net profit (attributable to owners) of Rs 4,394.13 crore. This marks a 16.21% year-on-year (YoY) decline compared to Rs 5,244.20 crore in the same period last year. Despite the fall in profit, revenue from operations showed strong growth, increasing by 27.64% YoY to Rs 29,523.30 crore, up from Rs 23,129.35 crore in the year-ago quarter.
Investor Landscape: DIIs vs. FIIs
A notable trend in ITC's ownership structure is the strong confidence shown by Domestic Institutional Investors (DIIs). As of the end of June 2026, DIIs held a substantial 49.13% stake in the company. Conversely, Foreign Institutional Investors (FIIs) have been consistently reducing their holdings since September 2024, with their stake dropping to 34.2% in Q1 FY27 from 40.5% in September 2024.
Technical Analysis and Trading Strategy
Market analysts have offered varied insights into ITC's trading prospects:
- Virat Jagad, Sr. Technical Research Analyst at Bonanza, noted a strong pullback from lower levels, forming a bullish reversal candle with above-average volumes. He highlighted the stock reclaiming its 20-day exponential moving average (DEMA) and the Relative Strength Index (RSI) moving above 60, indicating improving momentum. However, the stock remains below its 50, 100, and 200 DEMA, suggesting a broader weak trend. Jagad suggested a sustained move above Rs 295–300 could push the stock towards Rs 305–310, with immediate support at Rs 285 and Rs 280. He advised accumulating on dips with a strict stop loss below Rs 280.
- Shitij Gandhi, AVP - Equity Technical Research, SMC Global Securities, identified an ascending triangle formation on the daily chart, signaling strengthening buying interest. He observed higher lows and repeated testing of horizontal resistance around Rs 291-292, suggesting steady accumulation. Gandhi indicated the ascending trendline support is near Rs 280-282. A breakout and close above Rs 291-292 could trigger a rally towards Rs 315, while a break below Rs 280 would negate this bullish setup.
- Jigar S Patel from Anand Rathi placed support at Rs 270 and resistance at Rs 285. He projected that a decisive breakout above Rs 285 could lead to further upside towards Rs 290, expecting the stock to trade within the Rs 270 to Rs 290 range in the short term.
The stock had previously fallen to a yearly low of Rs 275 on June 4, 2026, and is currently trading near its 52-week low. Its RSI stands at 43.3, indicating it is neither oversold nor overbought.