ITC

ITC has been one of the biggest surprises in recent years, with its FMCG business finally gaining traction. While cigarettes continue to be its cash cow, ITC’s growing packaged food and personal care segments are driving re-rating. The hotel business has also seen strong recovery post-pandemic. High dividend payouts make ITC attractive for income-focused investors, while its FMCG growth story provides long-term compounding potential. Once seen as a slow mover, ITC has evolved into a strong diversified play.