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ITC Q4 Results Review: Motilal Oswal Maintains 'Buy' On Resilient Cigarette Business; FMCG Remains Muted
ITC has declared a final dividend of Rs 7.8, the total dividend in FY25 was Rs 14.35.
23 May 2025, 10:53 AM IST 
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(Photo: Usha Kunji/ NDTV Profit)
Cigarette volume is not only better as compared to its FMCG business but also as compared to several other FMCG companies. If ITC sustains mid single digit volume growth in cigarette and FMCG business sees recovery in FY26, the brokerage expects valuation re-rating.
