ITC Stock Price: Should I buy or sell or hold shares of the FMCG giant as a result of the third quarter? I explained it

ITC Q3 Results: ITC announced its October-December quarter results for 2024-25 (Q3FY25) on Thursday, February 6th, reporting a 7.27% decline in consolidated net income. £5,013.16 Crawl due to sudden escalation of input costs compared to conservative demand £Last year’s response period was 5,406.52 crores.

Hotels conglomerate revenues rose to 9.05% from cigarettes from operations £Compared to FY25’s third quarter 20,349.96 crore £The same period last year was 18,660.37 crore. Fast-Moving Consumer Goods (FMCG) Leader revised provisional dividends on £RE 1’s record date for determining 6.50 per share and the entitled member to receive dividends is February 12, 2025.

Also Read: ITC Dividend: FMCG Giants declare their second dividend £6.50 on FY25; Record date revised on this day

ITC Q3 results

ITC had “resilient performance amid a silence of a silence of reduced demand environment and input costs.” Kolkata Headquarted Company added that key input materials such as edible oil, wheat, potatoes, leaf cigarettes, wood and packaging witnessed a sudden cost escalation during the quarter.

In the December quarter, revenue from total sales of ITC products and services was £20,140.15 crores, an 8.74% increase. Total ITC costs were up 12.18% during the December quarter £14,413.66 crores.

The ITC has also announced that it will acquire Prasuma and Meitigo and expand its presence in frozen, chilled, ready-to-cook foods. The ITC has signed a decisive agreement to acquire Prasuma, a leading player in India’s frozen food space. Over the course of three years, ITC will acquire a 100% stake in Gurugram headquarters.

ITC revenues from the “Total FMCG” segment, including the tobacco business, increased by 6.35% £14,372.53 crores. it was £Corresponding September quarter of 13,513.43 crore. Revenue from the tobacco business increased by 7.83% £Compared to 8,944.83 crores during the December quarter £8,295.18 crores from the same period last year.

Also Read: ITC Q2 Results: Net Profit Goes Up 3% £5,078 crores, 17% increase in revenue. Five important highlights

Revenue from other segments, including information technology services, branded residences, and more, rose 14.25%. £Compared to 1,121.33 crore £981.4 1 year ago. ITC has infiltrated the hotel business into another entity. ITC, which has renewed performance for ITCHotelsLtd. Demerged Business, also has “highest quarterly performance ever,” with revenues increasing to 14.6%. £922 crores.

ITC Q3 Results: Should I buy, sell, or hold shares tomorrow?

According to senior manager Ganesh Dongre, Anand Rathi’s technical research shows ITC’s stock price has strong support in. £420 and looks positive on the technical chart. ITC shareholders can keep scrip and keep stop of £420 for short-term goals £465 each.

“If ITC stock breaks above £465 on a closing basis, you may be touched immediately £485 mark per share. Therefore, fresh investors will start buying momentum at current market prices and can purchase as follows £Support for 420 could remain sacred in the short term,” said Anand Rathi’s Donre.

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