External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Healthy Topline Performance: ITC reported a healthy 20.7% YoY revenue growth in Q1FY26, driven by broad-based performance across key segments.</li><li>The Cigarette business grew 7.6% YoY, supported by resilient volumes and continued premiumisation.</li><li>Agri Business surged 39% YoY on the back of robust trading activity and strong leaf tobacco exports. FMCG (ex-Notebooks) maintained solid growth at 8.6% YoY, led by Staples, Biscuits, Dairy, Premium Personal Wash, Homecare, and Agarbatti. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Healthy Topline Performance: ITC reported a healthy 20.7% YoY revenue growth in Q1FY26, driven by broad-based performance across key segments.The Cigarette business grew 7.6% YoY, supported by resilient volumes and continued premiumisation.Agri Business surged 39% YoY on the back of robust trading activity and strong leaf tobacco exports. FMCG (ex-Notebooks) maintained solid growth at 8.6% YoY, led by Staples, Biscuits, Dairy, Premium Personal Wash, Homecare, and Agarbatti. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ITC Ltd - Healthy Revenue Growth, Margins Miss; Maintain BUY