ITC Limited is one of India’s most diversified conglomerates, with strong roots in FMCG, hotels, paperboards, packaging, agri-business, and cigarettes. Over the years, it has transformed from being primarily a tobacco company into a multi-sector giant. For investors, ITC has always been an attractive stock because of its stable earnings, consistent dividends, and long-term growth potential.
The itc share price has seen a strong rally in the last few years, supported by the company’s diversification strategy and increasing dominance in the FMCG sector. Looking ahead, investors are curious about its long-term growth trajectory, especially from 2025 to 2035.
This blog provides a year-by-year analysis of ITC share price targets from 2025 to 2035, along with insights into the company’s fundamentals, opportunities, risks, and overall investment outlook.
ITC Company Overview
- Founded: 1910 (as Imperial Tobacco Company of India Limited)
- Headquarters: Kolkata, India
- Business Segments:
- Cigarettes & Tobacco Products
- FMCG (food, personal care, household brands like Aashirvaad, Sunfeast, Yippee, Bingo, Fiama, Savlon, Engage, and Classmate)
- Hotels (ITC Hotels, Fortune, WelcomHeritage)
- Paperboards & Packaging
- Agri-business
- Market Leadership: ITC holds a dominant position in India’s cigarette market, but its FMCG and packaged food divisions are now key growth drivers.
Past Performance of ITC Share Price
The itc share price has been a hot topic in the stock market:
- For many years, ITC traded in a sideways range, frustrating investors.
- But from 2020 onwards, the stock witnessed a significant upward trend.
- Rising FMCG revenues, strong profit margins in cigarettes, and recovery in hotels boosted performance.
- ITC is also popular among investors for its consistent dividend payout policy, making it a reliable income-generating stock.
Key Drivers of ITC Share Price
- Cigarette Business Stability – Despite regulatory challenges, cigarettes remain ITC’s most profitable segment.
- FMCG Growth – ITC is building a strong FMCG portfolio, competing with HUL, Nestle, and Dabur.
- Hotels Recovery – Post-pandemic, ITC Hotels is witnessing growth due to rising travel and tourism.
- Agri-Business Expansion – ITC’s strong agri-supply chain supports FMCG growth and exports.
- Dividend Income – A major attraction for long-term investors.
- Diversification – Reduces dependence on tobacco and ensures sustainable growth.
ITC Share Price Target by 2025 to 2035 (Year-Wise Forecast)
Let’s break down the year-wise ITC share price targets:
ITC Share Price Target 2025
- FMCG growth will continue to drive revenue.
- Cigarettes remain stable, contributing strong profits.
- Hotels segment likely to grow due to domestic travel demand.
- Target 2025: ₹560 – ₹600
ITC Share Price Target 2026
- Expansion of packaged foods (Sunfeast, Bingo, Yippee).
- Aggressive brand-building in personal care and household segments.
- Target 2026: ₹620 – ₹670
ITC Share Price Target 2027
- ITC may increase market share in FMCG against rivals.
- Paperboards and packaging business expansion.
- Target 2027: ₹700 – ₹760
ITC Share Price Target 2028
- Strong dividend payouts expected.
- Global expansion of FMCG brands.
- Target 2028: ₹770 – ₹830
ITC Share Price Target 2029
- Hotels business contributes significantly with higher margins.
- Cigarette division remains a cash cow.
- Target 2029: ₹850 – ₹920
ITC Share Price Target 2030
- By 2030, FMCG may contribute nearly as much as cigarettes.
- Brand value and consumer trust drive stock upward.
- Target 2030: ₹950 – ₹1,050
ITC Share Price Target 2031
- Expansion in international markets boosts FMCG revenue.
- Increasing focus on eco-friendly packaging.
- Target 2031: ₹1,100 – ₹1,200
ITC Share Price Target 2032
- Hotels division expansion with global partnerships.
- Dividend yield remains attractive for investors.
- Target 2032: ₹1,250 – ₹1,350
ITC Share Price Target 2033
- Potential for ITC to launch new high-margin FMCG categories.
- Rising consumption demand in rural and urban India.
- Target 2033: ₹1,350 – ₹1,500
ITC Share Price Target 2034
- Strengthening leadership in packaged food and personal care market.
- Increasing ESG (environmental, social, governance) focus.
- Target 2034: ₹1,500 – ₹1,650
ITC Share Price Target 2035
- By 2035, ITC could evolve into a global FMCG giant.
- Reduced dependency on tobacco, higher FMCG revenue share.
- Target 2035: ₹1,700 – ₹1,850
Risks That May Impact ITC Share Price
While the outlook looks positive, certain risks must be considered:
- Regulatory Pressure on Tobacco: Cigarette taxes and bans may impact profits.
- FMCG Competition: Intense rivalry from HUL, Nestle, and Dabur.
- Economic Slowdowns: Could reduce consumer spending.
- Slow Global Expansion: FMCG international growth may face hurdles.
Is ITC a Good Investment for Long Term?
Yes, ITC is considered a safe and reliable stock for long-term investors due to:
- Strong fundamentals
- Consistent dividend income
- Growth in FMCG and hotels
- Stable cigarette business
Investors looking for both growth and income should definitely consider ITC in their portfolio.
FAQ
Q1. What is the ITC share price target for 2025?
The itc share price target for 2025 is expected between ₹560 – ₹600.
Q2. Can ITC reach ₹1,000 by 2030?
Yes, the itc share price could reach ₹950 – ₹1,050 by 2030, depending on FMCG growth.
Q3. Is ITC only a tobacco company?
No, ITC has diversified into FMCG, hotels, agri-business, and packaging. Cigarettes remain its largest profit contributor, but FMCG is growing fast.
Q4. Why do investors like ITC?
Because of its stable dividends, strong fundamentals, and long-term growth potential.
Q5. What is the ITC share price target for 2035?
By 2035, the itc share price is projected between ₹1,700 – ₹1,850.
Conclusion
The journey of the itc share price reflects the company’s transition from being cigarette-dependent to a diversified conglomerate. With strong growth in FMCG, recovery in hotels, and a robust dividend history, ITC continues to be a reliable stock for investors.
From ₹560–₹600 in 2025 to ₹1,700–₹1,850 in 2035, the stock has the potential to deliver steady returns for long-term holders. While risks like tobacco regulations and FMCG competition exist, ITC’s strong financials and brand equity make it one of the safest bets in the Indian stock market.