ITC shares hit record high, market-cap moves past Rs 6.5 lakh crore for the first time

Shares of ITC have showcased a rather tepid performance through the start of the year, gaining nearly 13 percent in 2024 so far.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Shares of ITC rose around 1 percent and hit a record high of Rs 522.45 on September 26, taking its market capitalisation past the Rs 6.5 lakh crore mark for the first time ever. Meanwhile, the hotels-to-FMCG conglomerate also increased its stake in Sproutlife Foods.

"Sproutlife is a start-up engaged in the business of manufacturing and selling food products under the trademark ‘Yoga Bar’. Positioned as a digital-first brand, Yoga Bar currently has a high salience of online sales (D2C, e-commerce platforms etc.) with a growing presence in offline stores," ITC shared in an exchange filing.

Over the past three years, Sproutlife’s turnover has grown from Rs 68 crore in FY22 to Rs 108 crore in FY24.

Follow our market blog to catch all the live action

The conglomerate announced the acquisition of 1,413 Compulsorily Convertible Preference Shares (CCPS) of Sproutlife Foods Pvt. Ltd., as part of a follow-on investment under an agreement signed in April 2023. This agreement enables ITC to fully acquire Sproutlife in stages.

With this latest infusion, ITC’s shareholding in Sproutlife has risen to approximately 47.5 percent on a fully diluted basis, with a total investment of Rs 255 crore for the increased stake.

Aside from that, shares of ITC have showcased a rather tepid performance through the start of the year, gaining nearly 13 percent in 2024 so far. At 2.21 pm, shares of ITC were trading marginally higher, after paring some gains at Rs 520.60 on the NSE.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.