ITC’s Q1 rally puts FMCG’s near-term risks against India’s consumption upside

ITC shares rose after Q1 results despite lower standalone profit, aided by revenue growth and brokerage upgrades. Commentary flagged inflation and monsoon risks for FMCG, while highlighting long-term gains from India’s shift toward organized consumption.

Newer report , 2 Sept 2026 , NDTV Profit : HDFC Securities cuts Happiest Minds rating and target after ITC Infotech deal