Overview
- Under India’s T+1 settlement, investors who owned ITC shares by Tuesday, May 26, will be eligible for the company’s recommended Rs 8 final dividend because the record date is Wednesday, May 27.
- The board has recommended Rs 8 per share as the final dividend, taking total FY26 pay‑out to Rs 14.50 including an interim, and the payment is planned for July 24–29 if shareholders approve it at the AGM on July 23.
- ITC’s Q4FY26 showed revenue growth of about 17% year‑on‑year but consolidated net profit fell roughly 72–73% versus last year due to exceptionally large gains recorded in Q4FY25.
- Brokerages remain cautious despite the yield: Motilal Oswal rates the stock Neutral and JM Financial rates it Add, warning that recent cigarette tax hikes and ongoing illicit cigarette competition could pressure near‑term volumes and margins.
- The ex‑date created short‑term buying interest that may boost trading volatility, and retail and institutional holders must weigh the dividend timing and approval risk against the company’s challenged cigarette outlook and recent share‑price decline.