{"id":310046,"date":"2026-10-15T11:24:39","date_gmt":"2026-10-15T05:54:39","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=310046"},"modified":"2026-10-15T11:24:39","modified_gmt":"2026-10-15T05:54:39","slug":"fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/","title":{"rendered":"3 FMCG Major, Tourism Corporation and Carton Maker Stocks With a Strong Future Roadmap: ITC, India Tourism Development Corporation and TCPL Packaging"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>ITC Rs 261.50, P\/E 15.77. ITDC Rs 674.70, P\/E 69.17. TCPL Packaging Rs 4,380.00, P\/E 31.52. Closing prices of 14 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">FMCG major, tourism corporation and carton maker stocks with the clearest long-term roadmaps today include ITC in FMCG, cigarettes, hotels, paperboard and agri businesses, ITDC in hotels, tourism services and consultancy under a government-owned company and TCPL Packaging in folding cartons for FMCG, tobacco and pharma customers. P\/E stands at 15.77 for ITC (industry 34.85), 69.17 for ITDC (industry 37.34) and 31.52 for TCPL Packaging (industry 22.99). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>FMCG major, tourism corporation and carton maker stocks give investors exposure to brands, travel services and packaging that consumer companies rely on. Sales volumes, occupancy and margins decide how much of that demand turns into profit.<\/p>\n<p>This list covers three FMCG major, tourism corporation and carton maker stocks: ITC for FMCG, cigarettes, hotels, paperboard and agri businesses, India Tourism Development Corporation for hotels, tourism services and consultancy under a government-owned company and TCPL Packaging for folding cartons for FMCG, tobacco and pharma customers. Every figure comes from the latest reported financials and the 14 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#What_Are_FMCG_Major_Tourism_Corporation_and_Carton_Maker_Stocks\" title=\"What Are FMCG Major, Tourism Corporation and Carton Maker Stocks?\">What Are FMCG Major, Tourism Corporation and Carton Maker Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#FMCG_Major_Tourism_Corporation_and_Carton_Maker_Stocks_at_a_Glance\" title=\"FMCG Major, Tourism Corporation and Carton Maker Stocks at a Glance\">FMCG Major, Tourism Corporation and Carton Maker Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#Why_Do_FMCG_Major_Tourism_Corporation_and_Carton_Maker_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do FMCG Major, Tourism Corporation and Carton Maker Stocks Have a Strong Roadmap in India?\">Why Do FMCG Major, Tourism Corporation and Carton Maker Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#ITC_Several_Businesses_Anchor_the_Roadmap\" title=\"ITC: Several Businesses Anchor the Roadmap\">ITC: Several Businesses Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#India_Tourism_Development_Corporation_Hotels_and_Tourism_Services_Build_the_Next_Leg\" title=\"India Tourism Development Corporation: Hotels and Tourism Services Build the Next Leg\">India Tourism Development Corporation: Hotels and Tourism Services Build the Next Leg<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#TCPL_Packaging_Folding_Cartons_Drive_the_Pipeline\" title=\"TCPL Packaging: Folding Cartons Drive the Pipeline\">TCPL Packaging: Folding Cartons Drive the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#Best_FMCG_Major_Tourism_Corporation_and_Carton_Maker_Stocks_in_India_ITC_vs_ITDC_vs_TCPL_Packaging_on_Key_Financials\" title=\"Best FMCG Major, Tourism Corporation and Carton Maker Stocks in India: ITC vs ITDC vs TCPL Packaging on Key Financials\">Best FMCG Major, Tourism Corporation and Carton Maker Stocks in India: ITC vs ITDC vs TCPL Packaging on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#How_to_Evaluate_FMCG_Major_Tourism_Corporation_and_Carton_Maker_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate FMCG Major, Tourism Corporation and Carton Maker Stocks to Buy Before You Invest\">How to Evaluate FMCG Major, Tourism Corporation and Carton Maker Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#Risks_to_Consider_Before_Investing_in_FMCG_Major_Tourism_Corporation_and_Carton_Maker_Stocks\" title=\"Risks to Consider Before Investing in FMCG Major, Tourism Corporation and Carton Maker Stocks\">Risks to Consider Before Investing in FMCG Major, Tourism Corporation and Carton Maker Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#FAQs_on_FMCG_Major_Tourism_Corporation_and_Carton_Maker_Stocks\" title=\"FAQs on FMCG Major, Tourism Corporation and Carton Maker Stocks\">FAQs on FMCG Major, Tourism Corporation and Carton Maker Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#Which_are_the_best_FMCG_major_tourism_corporation_and_carton_maker_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best FMCG major, tourism corporation and carton maker stocks in India with a strong roadmap?\">Which are the best FMCG major, tourism corporation and carton maker stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#Is_ITC_a_good_stock_to_buy_now\" title=\"Is ITC a good stock to buy now?\">Is ITC a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#What_is_the_PE_ratio_of_ITC_ITDC_and_TCPL_Packaging\" title=\"What is the P\/E ratio of ITC, ITDC and TCPL Packaging?\">What is the P\/E ratio of ITC, ITDC and TCPL Packaging?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#Which_of_these_FMCG_major_tourism_corporation_and_carton_maker_stocks_has_the_highest_return_on_equity\" title=\"Which of these FMCG major, tourism corporation and carton maker stocks has the highest return on equity?\">Which of these FMCG major, tourism corporation and carton maker stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#What_are_the_risks_of_investing_in_FMCG_major_tourism_corporation_and_carton_maker_stocks\" title=\"What are the risks of investing in FMCG major, tourism corporation and carton maker stocks?\">What are the risks of investing in FMCG major, tourism corporation and carton maker stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#How_did_ITC_ITDC_and_TCPL_Packaging_perform_in_Q1_FY27\" title=\"How did ITC, ITDC and TCPL Packaging perform in Q1 FY27?\">How did ITC, ITDC and TCPL Packaging perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#Do_FMCG_major_tourism_corporation_and_carton_maker_stocks_pay_dividends\" title=\"Do FMCG major, tourism corporation and carton maker stocks pay dividends?\">Do FMCG major, tourism corporation and carton maker stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/fmcg-major-tourism-corporation-and-carton-maker-stocks-roadmap-spotlight-list\/#How_can_I_invest_in_FMCG_major_tourism_corporation_and_carton_maker_stocks_in_India\" title=\"How can I invest in FMCG major, tourism corporation and carton maker stocks in India?\">How can I invest in FMCG major, tourism corporation and carton maker stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_FMCG_Major_Tourism_Corporation_and_Carton_Maker_Stocks\"><\/span><strong>What Are FMCG Major, Tourism Corporation and Carton Maker Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>FMCG major, tourism corporation and carton maker stocks are shares of companies that make and sell products that households and businesses buy. Results depend on sales volumes, brand strength and input costs, so margins and cash flow separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FMCG_Major_Tourism_Corporation_and_Carton_Maker_Stocks_at_a_Glance\"><\/span><strong>FMCG Major, Tourism Corporation and Carton Maker Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three FMCG major, tourism corporation and carton maker stocks as of the 14 Oct 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/itc\/itc-ltd-share-price-today\">ITC<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">261.50<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">318,338<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.77<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">34.85<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">28.53%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.03<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/itdc\/india-tourism-development-corporation-ltd-share-price-today\">India Tourism Development Corporation<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">674.70<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,672<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">69.17<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">37.34<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.46%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/tcplpack\/tcpl-packaging-ltd-share-price-today\">TCPL Packaging<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,380.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,640<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31.52<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.99<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.61%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.88<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among consumer stocks, ITDC and TCPL Packaging trade at a premium to the industry P\/E, while ITC trades at a discount.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_FMCG_Major_Tourism_Corporation_and_Carton_Maker_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do FMCG Major, Tourism Corporation and Carton Maker Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>FMCG major, tourism corporation and carton maker stocks have a strong roadmap in India because steady household spending, rising domestic travel and brand packaging needs keep adding demand for these firms. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Daily-use demand:<\/strong> Households buy packaged goods every month.<\/li>\n<li><strong>Domestic travel:<\/strong> More families book stays and tours.<\/li>\n<li><strong>Brand packaging:<\/strong> FMCG and pharma firms need steady carton supply.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"ITC_Several_Businesses_Anchor_the_Roadmap\"><\/span><strong>ITC: Several Businesses Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ITC&#8217;s roadmap rests on cigarettes, packaged foods, personal care, paperboards, hotels and agri products, with several businesses supporting steady cash flow.<\/p>\n<p>Revenue grew from Rs 62,504.44 crore in FY22 to Rs 81,294.27 crore in FY26, a 30.1% rise, and FY26 revenue was 4.4% higher than FY25. FY26 net profit rose 4.9% to Rs 21,018.15 crore. Over four years, net profit rose from Rs 15,503.13 crore in FY22 to Rs 21,018.15 crore. In Q1 FY27, revenue grew 26.7% to Rs 30,179.01 crore. Operating margin was 33.18% in FY26.<\/p>\n<p>Debt to equity is 0.03 and return on equity is 28.53%. FY26 operating cash flow was Rs 18,464.31 crore against capital expenditure of Rs 2,182.89 crore. At a P\/E of 15.77 against an industry P\/E of 34.85, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 15.77 against an industry P\/E of 34.85 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"India_Tourism_Development_Corporation_Hotels_and_Tourism_Services_Build_the_Next_Leg\"><\/span><strong>India Tourism Development Corporation: Hotels and Tourism Services Build the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ITDC&#8217;s roadmap rests on hotels, tourism services and consultancy under a government-owned company, with rising travel and hospitality demand supporting revenue.<\/p>\n<p>Revenue grew from Rs 308.71 crore in FY22 to Rs 562.94 crore in FY26, an 82.4% rise. FY26 net profit rose 3.3% to Rs 82.82 crore. In Q1 FY27, revenue grew 4.1% to Rs 97.24 crore. Operating margin was 22.68% in FY26 and 17.05% in Q1 FY27 against 16.55% a year earlier.<\/p>\n<p>Debt to equity is 0.00 and return on equity is 19.46%. FY26 operating cash flow was Rs 70.44 crore against capital expenditure of Rs 10.22 crore. ITDC paid a dividend of Rs 2.95 per share for FY26, a yield of 0.45%. At a P\/E of 69.17 against an industry P\/E of 37.34, the stock trades above its industry multiple.<\/p>\n<p>What to watch: The P\/E of 69.17 sits above the industry P\/E of 37.34, so earnings delivery matters for the valuation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"TCPL_Packaging_Folding_Cartons_Drive_the_Pipeline\"><\/span><strong>TCPL Packaging: Folding Cartons Drive the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>TCPL Packaging&#8217;s roadmap rests on folding cartons and packaging for FMCG, tobacco and pharmaceutical customers, with packaged goods demand supporting orders.<\/p>\n<p>Revenue grew from Rs 1,088.60 crore in FY22 to Rs 1,835.59 crore in FY26, a 68.6% rise, and FY26 revenue was 2.9% higher than FY25. FY26 net profit was Rs 97.80 crore. In Q1 FY27, revenue grew 15.9% to Rs 494.93 crore. Operating margin was 16.79% in FY26.<\/p>\n<p>Debt to equity is 0.88 and return on equity is 13.61%. FY26 operating cash flow was Rs 271.30 crore against capital expenditure of Rs 153.78 crore. TCPL Packaging paid a dividend of Rs 25 per share for FY26, a yield of 0.62%. At a P\/E of 31.52 against an industry P\/E of 22.99, the stock trades above its industry multiple.<\/p>\n<p>What to watch: The P\/E of 31.52 sits above the industry P\/E of 22.99, so earnings delivery matters for the valuation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_FMCG_Major_Tourism_Corporation_and_Carton_Maker_Stocks_in_India_ITC_vs_ITDC_vs_TCPL_Packaging_on_Key_Financials\"><\/span><strong>Best FMCG Major, Tourism Corporation and Carton Maker Stocks in India: ITC vs ITDC vs TCPL Packaging on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best FMCG major, tourism corporation and carton maker stocks in India, ITC leads on FY26 operating margin and Q1 FY27 revenue growth; ITDC leads on the lowest debt to equity; TCPL Packaging ranks second on Q1 FY27 revenue growth and the lowest P\/E. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ITC<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ITDC<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">TCPL Packaging<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">81,294.27<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">562.94<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,835.59<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21,018.15<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">82.82<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">97.80<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating profit margin<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">33.18%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.68%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.79%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 revenue growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">28.53%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.46%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.61%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.77<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">69.17<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31.52<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.03<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.88<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating cash flow (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18,464.31<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">70.44<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">271.30<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Consumer earnings follow sales volumes, brand strength and input costs, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_FMCG_Major_Tourism_Corporation_and_Carton_Maker_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate FMCG Major, Tourism Corporation and Carton Maker Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen FMCG major, tourism corporation and carton maker stocks and shortlist FMCG major, tourism corporation and carton maker stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which differs by company here.<\/li>\n<li>Check revenue growth, operating margin and cash flow together.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read operating cash flow against capital expenditure to see how growth is funded.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these FMCG major, tourism corporation and carton maker stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_FMCG_Major_Tourism_Corporation_and_Carton_Maker_Stocks\"><\/span><strong>Risks to Consider Before Investing in FMCG Major, Tourism Corporation and Carton Maker Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Valuation:<\/strong> ITDC trades at 69.17 times earnings against an industry multiple of 37.34.<\/li>\n<li><strong>Consumer demand:<\/strong> Spending patterns can shift sales between quarters.<\/li>\n<li><strong>Input costs:<\/strong> Changes in raw material prices can affect margins.<\/li>\n<li><strong>Quarterly trends:<\/strong> A single weak quarter can change near-term earnings, so track results every quarter.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track ITC, ITDC and TCPL Packaging live.<\/em><\/p>\n<p>Annual reports and quarterly result presentations are the most reliable places to verify the numbers quoted here, because they show segment details, management commentary and the notes behind each figure.<\/p>\n<p>Comparing a quarter with the same quarter of the previous year gives a cleaner reading than comparing it with the preceding quarter, since seasonal patterns affect many businesses in India.<\/p>\n<p>The shareholding pattern published every quarter shows whether promoters, mutual funds and foreign investors are raising or trimming their holdings, which adds useful context to the financial numbers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three consumer stocks cover an FMCG major, a tourism corporation and carton packaging. ITC leads on FY26 operating margin and Q1 FY27 revenue growth; ITDC leads on the lowest debt to equity; TCPL Packaging ranks second on Q1 FY27 revenue growth and the lowest P\/E.<\/p>\n<p>Across FMCG major, tourism corporation and carton maker stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the FMCG major, tourism corporation and carton maker stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_FMCG_Major_Tourism_Corporation_and_Carton_Maker_Stocks\"><\/span><strong>FAQs on FMCG Major, Tourism Corporation and Carton Maker Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_FMCG_major_tourism_corporation_and_carton_maker_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best FMCG major, tourism corporation and carton maker stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ITC, India Tourism Development Corporation and TCPL Packaging stand out for their roadmaps in an FMCG major, a tourism corporation and carton packaging. Return on equity ranges from 13.61% to 28.53%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_ITC_a_good_stock_to_buy_now\"><\/span><strong>Is ITC a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ITC has a debt to equity ratio of 0.03, a return on equity of 28.53% and a P\/E of 15.77 against an industry P\/E of 34.85. Valuation, demand and input costs move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_ITC_ITDC_and_TCPL_Packaging\"><\/span><strong>What is the P\/E ratio of ITC, ITDC and TCPL Packaging?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 15.77 for ITC (industry 34.85), 69.17 for ITDC (industry 37.34) and 31.52 for TCPL Packaging (industry 22.99). Only ITDC and TCPL Packaging trade at or above the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_FMCG_major_tourism_corporation_and_carton_maker_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these FMCG major, tourism corporation and carton maker stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ITC has the highest return on equity at 28.53%, followed by India Tourism Development Corporation at 19.46% and TCPL Packaging at 13.61%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_FMCG_major_tourism_corporation_and_carton_maker_stocks\"><\/span><strong>What are the risks of investing in FMCG major, tourism corporation and carton maker stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are valuation, consumer demand, input costs and quarterly trends. ITDC trades at 69.17 times earnings against an industry multiple of 37.34.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_ITC_ITDC_and_TCPL_Packaging_perform_in_Q1_FY27\"><\/span><strong>How did ITC, ITDC and TCPL Packaging perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ITC reported revenue of Rs 30,179.01 crore, up 26.7% year on year. India Tourism Development Corporation reported revenue of Rs 97.24 crore, up 4.1% year on year. TCPL Packaging reported revenue of Rs 494.93 crore, up 15.9% year on year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_FMCG_major_tourism_corporation_and_carton_maker_stocks_pay_dividends\"><\/span><strong>Do FMCG major, tourism corporation and carton maker stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ITDC and TCPL Packaging pay dividends. The dividend yield is 0.45% for ITDC and 0.62% for TCPL Packaging, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_FMCG_major_tourism_corporation_and_carton_maker_stocks_in_India\"><\/span><strong>How can I invest in FMCG major, tourism corporation and carton maker stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy FMCG major, tourism corporation and carton maker stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best FMCG major, tourism corporation and carton maker stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"ITC, India Tourism Development Corporation and TCPL Packaging stand out for their roadmaps in an FMCG major, a tourism corporation and carton packaging. Return on equity ranges from 13.61% to 28.53%.\"}},{\"@type\":\"Question\",\"name\":\"Is ITC a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"ITC has a debt to equity ratio of 0.03, a return on equity of 28.53% and a P\/E of 15.77 against an industry P\/E of 34.85. Valuation, demand and input costs move results. 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Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ITC, India Tourism Development Corporation and TCPL Packaging compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":28,"featured_media":310045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[12270,11491,5358,11305,12271,12272],"class_list":["post-310046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-fmcg-major","tag-india-tourism-development-corporation","tag-itc","tag-tcpl-packaging","tag-tourism-corporation-and-carton-maker-stocks","tag-tourism-corporation-and-carton-maker-stocks-to-buy"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["310045"],"rank_math_title":["FMCG Major, Tourism Corporation and Carton Maker Stocks"],"rank_math_description":["FMCG major, tourism corporation and carton maker stocks with a strong roadmap: ITC, ITDC and TCPL Packaging compared on growth, margins, valuation and risks."],"rank_math_focus_keyword":["FMCG major, tourism corporation and carton maker stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-fmcg-major-tourism-corporation-and-carton-maker-stocks-with-a-strong-future.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/310046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=310046"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/310046\/revisions"}],"predecessor-version":[{"id":310047,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/310046\/revisions\/310047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/310045"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=310046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=310046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=310046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}