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Imperial Brands ( (GB:IMB) ) just unveiled an announcement.
Imperial Brands reported modest top-line gains for the half year to 31 March 2026, with tobacco and next-generation product net revenue up 1.8% as strong pricing in combustibles and 7.5% growth in NGPs offset volume declines. Adjusted operating profit rose 0.6% and adjusted EPS increased 5.3%, underpinned by robust cash generation and a 98% cash conversion, even as reported operating profit fell sharply due to Delaware settlement costs and spending linked to its 2030 Strategy.
The group continued to reshape its portfolio and operations, building NGP scale with double-digit growth in Europe and its AAACE region, while heated tobacco and new reusable vape systems gained share in key markets. Management reaffirmed full-year guidance, highlighting progress on a planned £320 million annual cost-savings programme by 2030, ongoing manufacturing rationalisation, a strategic partnership with Capgemini for data and AI capabilities, and substantial capital returns via a larger share buyback and a 4% interim dividend increase.
The most recent analyst rating on (GB:IMB) stock is a Hold with a £3150.00 price target. To see the full list of analyst forecasts on Imperial Brands stock, see the GB:IMB Stock Forecast page.
Spark’s Take on IMB Stock
According to Spark, TipRanks’ AI Analyst, IMB is a Outperform.
Imperial Brands scores well due to strong earnings call performance and positive technical indicators. Financial performance is stable but requires careful management of debt and cash flow. The attractive valuation further supports the stock’s potential, despite some regulatory challenges.
To see Spark’s full report on IMB stock, click here.
More about Imperial Brands
Imperial Brands is a global tobacco and next-generation products group, focusing on combustible cigarettes, heated tobacco, vaping and modern oral nicotine across Europe, the U.S. and growth markets such as Africa, Asia and the Middle East. The company positions itself as a challenger brand, investing in consumer-focused, data-led capabilities and supply chain efficiency to drive long-term, profitable growth.
Average Trading Volume: 2,809,395
Technical Sentiment Signal: Buy
Current Market Cap: £21.13B
For detailed information about IMB stock, go to TipRanks’ Stock Analysis page.