ITC Net Worth at a Glance
- Market cap (30 April 2026): ₹3,94,553 crore (share price ₹314.90)
- 52-week range: ₹287 to ₹444.20
- TTM revenue: ₹79,809 crore; TTM profit: ₹35,356 crore
- Dividend yield: 4.55% — one of the highest among large-cap Indian companies
- Hotels demerger: Effective 1 January 2025; ITC Hotels listed 29 January 2025
- Q4 FY26 results: Scheduled 5 May 2026; consensus revenue ₹18,500–19,200 crore
- Founded: 1910 as Imperial Tobacco Company of India
How ITC Built a ₹3.94 Lakh Crore Conglomerate
ITC was founded in 1910 as the Imperial Tobacco Company of India, renamed ITC Limited in 1974, with its registered office in Kolkata. For most of its history, ITC was primarily a cigarette company — the dominant player in India's tobacco market through brands like Gold Flake, Classic and Navy Cut. The transformation began in earnest in the 2000s, when ITC used cigarette cash flows to systematically build new businesses: FMCG (Aashirvaad atta in 2002, Sunfeast in 2003, Bingo in 2007), agribusiness through the eChoupal network, paperboards and packaging, and a luxury hotels chain. The January 2025 demerger of ITC Hotels Limited into a separate listed entity is the most significant recent structural event, with ITC retaining a 40% stake. The April 2026 acquisition of majority control in Sproutlife Foods (parent of Yoga Bar) adds a high-growth digital-first health snacks brand to the FMCG portfolio. Sanjiv Puri, Chairman and MD since 2019, has overseen all of these moves; unlike most Indian conglomerates, ITC has no controlling promoter family and is professionally managed with BAT (British American Tobacco) as the largest single shareholder at approximately 25%.
Revenue and Income Sources in 2026
ITC's revenue of approximately ₹79,809 crore (TTM) flows from five major segments. The cigarette business generates roughly 42% of revenue and approximately 80% of operating profit, remaining the profit engine that funds all other diversification. The non-cigarette FMCG portfolio — Aashirvaad atta, Sunfeast biscuits, Yippee noodles, Bingo snacks, Classmate stationery, Fiama personal care, Engage fragrances and now Yoga Bar — collectively contributes over ₹20,000 crore in annual revenue. The agribusiness segment handles tobacco, wheat, soya and spice procurement and export through the eChoupal network, India's largest farmer e-commerce initiative. Paperboards and packaging provides the fourth revenue stream, supplying sustainable packaging material to ITC's own FMCG brands and external clients. The hotels business, now separately listed as ITC Hotels (ITC Hotels Q3 FY26 revenue: ₹1,231 crore; PAT: ₹296 crore), is accounted for through ITC's 40% retained stake. Other income of ₹17,203 crore (TTM) reflects the company's substantial cash and investments position.
Assets and Investments
ITC's asset base includes its manufacturing facilities across cigarettes, paperboards and FMCG, its eChoupal agribusiness network (connecting approximately 4 million farmers across India), its hotel portfolio (40% of ITC Hotels, which operates the Welcomhotel, Fortune and WelcomHeritage brands), and a large accumulated cash reserve reflected in its ₹17,203 crore annual other income. The Sproutlife acquisition (effective 1 April 2026, approximately 47.5% stake with right to nominate a majority of directors) adds the high-growth Yoga Bar brand, positioned primarily in D2C and e-commerce. ITC has no net debt and maintains one of the most conservative balance sheets among large Indian consumer goods companies. The 52-week share price range of ₹287 to ₹444.20 reflects market uncertainty about the pace of FMCG profitability improvement against the cigarette volume recovery story, though Q3 FY26 saw cigarette volumes recover 4–5% year on year.
Business Segments
ITC's Four Major Business Segments
- Cigarettes: Gold Flake, Classic, Navy Cut, Insignia — ~42% revenue, ~80% profit; India's dominant tobacco company
- FMCG: Aashirvaad (atta, spices), Sunfeast (biscuits, noodles), Yippee noodles, Bingo (snacks), Classmate (stationery), Fiama, Engage, Yoga Bar — ₹20,000+ crore annual revenue
- Agribusiness: eChoupal — India's largest farmer e-commerce network; tobacco, wheat, soya, spice procurement and export
- Paperboards & Packaging: Sustainable packaging for FMCG brands and external clients
- Hotels (40% stake): ITC Hotels — Welcomhotel, Fortune, WelcomHeritage brands (separately listed since January 2025)
Recent Financial Highlights (2025–2026)
- Market cap: approximately ₹3,94,553 crore as of 30 April 2026; share price ₹314.90
- Q3 FY26 (Oct–Dec 2025): revenue ₹18,640 crore, PAT ₹5,018 crore
- Cigarette volumes recovered 4–5% year on year in Q3 FY26 — reversing flat/negative trend
- Hotels demerger effective 1 January 2025; ITC Hotels listed 29 January 2025 at ~₹36,600 crore market cap
- ITC Hotels market cap approximately ₹33,917 crore as of late April 2026; ITC's 40% stake worth ~₹13,567 crore
- Sproutlife Foods (Yoga Bar) majority control acquired 1 April 2026 (~47.5% stake)
- Dividend yield 4.55% — above FMCG sector average; P/E approximately 11.36; P/B approximately 5.60
- TTM revenue: ₹79,809 crore; TTM profit: ₹35,356 crore; other income: ₹17,203 crore
Where Does ITC Rank Among Indian Companies?
ITC's market capitalisation of approximately ₹3.94 lakh crore places it among the top fifteen most valuable companies listed on Indian exchanges. In the FMCG sector specifically, ITC competes with HUL (Hindustan Unilever), Nestlé India, Dabur, Marico and Godrej Consumer, though its scale and diversity of segments is larger than most pure-play FMCG companies. Its 4.55% dividend yield makes it one of the most consistent dividend-paying large-caps in India. Among conglomerates, it is often compared to the Tata Group and ITC's transformation is a case study in using a single highly profitable legacy business (cigarettes) to fund diversification into long-term consumer growth segments. Analyst SOTP (sum-of-the-parts) targets from Motilal Oswal and Jefferies range from ₹490 to ₹570 per share, implying upside from the current ₹314.90 trading price if the post-demerger re-rating materialises.
Net Worth in Indian Rupees: What ₹3.94 Lakh Crore Looks Like
₹3,94,553 crore is a number most households find difficult to picture. For context: it is approximately 394 times India's annual PM-KISAN farmer welfare outlay of roughly ₹10,000 crore per year, and roughly equal to India's total annual direct tax collection in a good year. The TTM profit of ₹35,356 crore means ITC earned approximately ₹97 crore every single day in the past year — more than most listed Indian mid-cap companies earn in an entire quarter. The 4.55% dividend yield on a ₹3.94 lakh crore market cap means ITC pays out approximately ₹17,950 crore in annual dividends — direct cash transfers to shareholders including millions of retail investors in India who hold the stock for its income.
What This Means for Tracking Your Own Wealth
ITC's hotels demerger captured a simple truth: when valuable businesses are buried inside a conglomerate, the market often refuses to price them properly. Separating ITC Hotels made that value visible to hospitality-focused investors. The same principle applies to a household balance sheet. Mixing PPF, NPS, ELSS, an emergency fund, EPF, gold, a home with a home loan and ESOPs into a single mental category labelled “savings” hides what is actually working and what is dragging. Listing each line item separately and watching how its value moves over time is the household equivalent of the sum-of-the-parts analysis brokerages run on ITC. WorthScale's free net worth calculator lets people in India log each asset and liability category individually, then see the consolidated picture in one view — so you can understand exactly what is driving your net worth higher or lower over time.
Frequently Asked Questions
ITC Limited's market capitalisation stood at approximately ₹3,94,553 crore as of 30 April 2026 (share price ₹314.90). The company also retains a 40 per cent stake in separately listed ITC Hotels (market cap approximately ₹33,917 crore), which adds another ₹13,567 crore of indirect value. TTM revenue was ₹79,809 crore and TTM profit was ₹35,356 crore.
ITC has no single controlling promoter family. The largest shareholder is British American Tobacco (BAT) with approximately 25 per cent. The remaining ownership is distributed across LIC and other government-owned insurers, mutual funds, foreign institutional investors and Indian retail shareholders.
ITC's trailing twelve-month revenue stands at approximately ₹79,809 crore with a net profit of ₹35,356 crore, including ₹17,203 crore of other income from cash and investments. Q4 FY26 results (expected 5 May 2026) will provide the full FY26 figure; consensus estimates revenue of ₹18,500–19,200 crore for Q4.
ITC demerged its hotels business into ITC Hotels Limited, effective 1 January 2025, with the new entity listed on BSE and NSE on 29 January 2025. Existing ITC shareholders received 1 ITC Hotels share for every 10 ITC shares held. ITC retained a 40 per cent strategic stake in the demerged entity.
Sanjiv Puri serves as Chairman and Managing Director of ITC Limited. He joined the company in 1986 and has held the chairman role since 2019, overseeing major strategic moves including the hotels demerger, the FMCG scale-up, and the Sproutlife (Yoga Bar) acquisition in 2026.
ITC currently offers a dividend yield of approximately 4.55 per cent, well above the FMCG sector average. The company has historically been favoured by income-seeking long-term investors for its consistent dividend payout policy and high profitability relative to its valuation.
ITC Hotels Limited has a market capitalisation of approximately ₹33,917 crore as of late April 2026. The company was demerged from ITC and listed independently in January 2025. Q3 FY26 revenue was ₹1,231 crore with PAT of ₹296 crore. ITC retains a 40 per cent strategic stake worth approximately ₹13,567 crore.