India, May 21 -- Shares of India's largest cigarette manufacturer and diversified conglomerate came into focus after its Board of Directors, meeting on May 21, 2026, approved audited standalone and consolidated results for Q4 and FY26. The results, spanning cigarettes, branded packaged foods, agri-business, paperboards, and IT services, carry a significant accounting nuance that must be read before drawing conclusions from headline numbers.

With a market capitalisation of Rs. 3,88,601 crore, the shares of ITC Limited were last recorded at Rs. 310 per share as of May 18, 2026 near the lower end of the 52-week range of Rs. 287-444. At this price and FY26 consolidated EPS (continuing operations) of Rs.16.52, the stock trades at approximatel...