ITC Ltd’s fourth-quarter (Q4) results show mixed performance with near-term technical weakness, according to SEBI-registered analyst Harika Enjamuri.
The company reported a standalone net profit of ₹19,562 crore for the quarter, largely driven by a one-time exceptional gain of ₹15,179 crore from discontinued operations.
Excluding this, core profit rose just 0.8% year-on-year to ₹4,875 crore, falling short of market expectations.
At the time of writing, ITC Ltd shares were trading at ₹437.80, up 2.75% or ₹11.70
Revenue climbed 9.4% to ₹18,494 crore, supported by a solid cigarette segment that posted a 6% revenue growth to ₹8,399.6 crore and a 4% profit rise to ₹5,117.9 crore.
However, FMCG earnings dropped sharply, with core profit down 20.5% due to elevated input costs, while paper and packaging profits declined 31%, pressured by cheap imports and rising raw material prices.
Emjamuri said ITC’s stock faces resistance near its 50-day and 100-day simple moving averages at ₹432 and ₹427, respectively, closing 1.6% lower at ₹426.10 on Thursday.
The relative strength index (RSI) at 47.96 signals weakening momentum.
On the weekly chart, the stock remains below key resistance levels at ₹444 and the 50-week and 100-week SMAs, with an RSI of 46.12, according to the analyst.
Enjamuri noted support near ₹417 but warned that a drop below this could lead to further declines toward ₹403-₹399.
“Caution is advised unless a strong bullish volume breakout above the moving averages occurs,” she said.
On Stocktwits, retail sentiment was ‘neutral’ amid ‘high’ message volume.
The stock has declined 9.9% so far in 2025.
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