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ITC Ltd. 30 Oct 2025 17:38 PM

Q2FY26 Quarterly Result Announced for ITC Ltd.

Tobacco Products company ITC announced Q2FY26 results

Consolidated Financial Highlights:

  • Strong operating performance by Group companies led by ITC Infotech India Limited, ITC Hotels Limited.
    • The Company’s subsidiary, Surya Nepal Private Limited delivered resilient performance amidst disruptions in Nepal during September’25.
  • Revenue: Rs 21,047 crore compared to Rs 21,387 crore during Q2FY25, change -1.6%.
  • EBITDA: Rs 6,695  crore compared to Rs 6,552 crore during Q2FY25, change 2.2%.
  • PBT: Rs 6,979 crore compared to Rs 6,736 crore during Q2FY25, change 3.6%.
  • PAT: Rs 5,187 crore compared to Rs 4,979 crore during Q2FY25, change 4.2%.

Stanadalone Financial Highlights:

  • Gross Revenue at Rs 19,148 crore; up 7.1% YoY (ex-Agri Business) driven by Cigarettes and FMCG.
    • Overall EBITDA up 2.1% YoY (ex-paper up 3.2% YoY); EBITDA Margin at 35.1% up 185 bps YoY.
    • PAT up 4.1% YoY.

Result PDF

Cigarettes-Tobacco Products company ITC announced Q1FY26 results

Q1FY26 Financial Highlights:

  • Gross Revenue stood at Rs 20,911 crore representing a robust growth of 20% YoY.
  • PBT stood at Rs 6,545 crore.
  • PAT stood at Rs 4,912 crore.
  • Earnings Per Share for the quarter stood at Rs 3.93 (LY 3.86).

Other Highlights:

  • FMCG – Others Segment witnessed pick up in Revenue growth momentum; up 8.6% YoY exNotebooks.
  • Cigarettes Net Segment Revenue up 7.7% YoY.
  • Agri Business Segment Revenue up 39% YoY driven by agri commodity trading opportunities & exports of Leaf Tobacco; Segment PBIT up 22% YoY.
  • Paperboards, Paper and Packaging Segment reflects impact of influx of low-priced supplies into global markets including India, elevated domestic wood prices and subdued realisations.

Result PDF

Cigarettes-Tobacco Products company ITC announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Q4: Gross Revenue up 9.2% YoY and EBITDA up 2.5% YoY (ex-Paper, up 4.2% YoY)
  • Gross revenue rose by 9.2% to Rs 18,266 crore rupees.
  • EBITDA increased by 2.5% to Rs 5,986 crore rupees.
  • PBT grew by 2.1% to Rs 6,417 crore rupees.
  • PAT went up by 0.8% to Rs 4,875 crore rupees.

FY25 Financial Highlights:

  • Gross revenue rose 10.2% to Rs 73,465 crore rupees.
  • EBITDA increased 2.3% to Rs 24,025 crore rupees.
  • PBT grew 3.5% to Rs 26,529 crore rupees.
  • PAT was up 0.9% to Rs 20,092 crore rupees.
  • Full Year: Gross Revenue up 10.2% YoY and EBITDA up 2.3% YoY (ex- Paper, up 4.4% YoY)
  • Overall Profit After Tax for FY25 (including Profit from Discontinued Operations) stood at Rs. 35196 crores.

Segment Highlights

  • Resilient performance in FMCG–Others Segment amidst subdued demand conditions and sharp escalation in input costs
    • Full Year: Segment Revenue up 4.8% YoY; up 6.2% YoY ex-Notebooks
    • Q4: Segment Revenue up 3.7% YoY; up 5.4% YoY ex-Notebooks
  • Cigarettes Net Segment Revenue up 7.1% YoY & Segment PBIT up 4.9% YoY for the Full Year
    • Q4: Net Segment Revenue up 6.0% YoY; Segment PBIT up 4.0% YoY
  • Robust growth in Agri Business Segment led by Leaf Tobacco, Value Added Agri Products and Rice exports
    • Full Year: Segment Revenue and Segment PBIT up 25% and 18% YoY respectively
    • Q4: Segment Revenue and Segment PBIT up 18% and 26% YoY respectively

Result PDF

Cigarettes-Tobacco Products company ITC announced Q2FY25 results

  • Gross Revenue records strong growth; up 16% YoY driven by Agri Business and Hotels EBITDA up 5% YoY; exluding Paper up by 6.3% YoY
  • The FMCG businesses delivered resilient performance amidst muted demand conditions with segment revenue growing 5.4% YoY to Rs 5,578 crore; up 7% YoY exluding notebooks
  • Cigarettes Net Segment Revenue up 7.3% YoY, Segment PBIT up 5.1% YoY
  • Hotels Segment delivered strong performance on a high base (LY includes G20 related business); Segment Revenue up 12.1% YoY (2-year CAGR 16.5%); Segment PBIT up 20.2% YoY
  • Agri Business Segment Revenue up 47% YoY led by Leaf Tobacco & Value Added Agri products; Segment PBIT up 27.5% YoY

Result PDF

Cigarettes & Tobacco company ITC announced Q1FY25 results:

FMCG:

  • Segment Revenue and PBIT up 6.3% and 10.4% YoY respectively on a high base (2-yr CAGR 11.1% and 52.8% respectively)
  • Staples, Snacks, Dairy, Personal Wash, Fragrances, Homecare and Agarbatti drive growth
  • Segment EBITDA Margin expanded 25 bps YoY to 11.3%; sequential uptick in prices witnessed in certain commodities.

Cigarettes:

  • Net Segment Revenue up 7% and Segment PBIT up 6.5% YoY
  • Continued focus on portfolio/market interventions & agile execution to reinforce market standing
  • Differentiated and premium offerings continued to perform well
  • Sustained volume claw back from illicit trade on the back of deterrent actions by enforcement agencies and relative stability in taxes.

Hotels Segment:

  • Revenue up 10.9% YoY; Segment PBIT up 11.5% YoY
  • Robust performance despite fewer wedding dates and extreme heatwave/elections impacting domestic travel & out-of-home dining
  • ITC Ratnadipa1, Colombo launched in April’24; receives excellent guest response and widespread appreciation; 225 rooms and 8 F&B outlets are currently operational
  • 7 managed hotels with appx. 460 keys operationalised during the quarter
  • Demerger update: Shareholders approved the Scheme of Arrangement for demerger (‘the Scheme’) at the NCLT convened meeting held on June 6, 2024. Petition for sanction of the Scheme has been filed with NCLT on July 22, 2024.

Agri Business Segment:

  • Revenues up 22.2% driven by value added agri products, leaf tobacco and wheat
  • Strong customer relationships and agile execution drive growth in Leaf Tobacco & Value Added Agri products
  • Cost escalation in leaf tobacco and other agri-commodities weighed on margins during the quarter

Paperboards, Paper and Packaging Segment:

  • Subdued realisations, surge in domestic wood prices and ocean freight continue to weigh on margins
  • Capacity augmentation/debottlenecking projects successfully completed during the quarter; Segment performance includes the impact of shutdown/stabilisation related costs pertaining to these initiatives

Result PDF

Cigarettes & Tobacco Products company ITC announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Q4: Gross Revenue (ex-Agri Business) up 6.0% YoY; Highest ever Q4 PBT at Rs 6534 crore (bei)
  • FMCG Segment:
    • Q4 Segment Revenue up 7.2% on a high base and Segment PBIT up 15% on comparable basis (base quarter included certain fiscal incentives pertaining to previous periods); margins expanded 60 bps YoY on comparable basis
    • 2-yr CAGR: Segment Revenue 13.1%, Segment PBIT 42.2%
    • Staples, Biscuits, Snacks, Dairy, Homecare, Agarbatti drive growth
    • Education & Stationery Products Business continues to witness strong traction
  • Cigarettes Segment:
    • Q4 Net Segment Revenue and Segment PBIT up 7.0% and 5.0% YoY respectively
    • 2-yr CAGR: Net Segment Revenue 10.3%, Segment PBIT 9.4%
    • Net Segment Revenue and Segment PBIT up 5.2% and 4.1% respectively sequentially amidst subdued demand conditions in the overall consumption space.
  • Hotels Segment:
    • Q4 Segment Revenue and PBIT up 15% and 34% YoY respectively on a high base; Segment EBITDA margin up 340 bps YoY to 38.2%
    • Margin improvement driven by higher RevPARs, structural cost interventions and operating leverage
  • Agri Business Segment:
    • Strategic portfolio (comprising value-added agri products) and leaf tobacco Revenues up 18% YoY in Q4

FY24 Financial Highlights:

  • Full Year: Gross Revenue at Rs 69,446 crore, up 6.8% (ex-Agri Business) and PAT at Rs 20,422 crore up 8.9% YoY
  • Board recommends Final Dividend of Rs 7.50 per share. Including Interim Dividend of Rs 6.25 per share paid on 27th February, 2024, Total Dividend for the financial year ended 31st March, 2024 amounts to Rs 13.75 per share (FY23: Ordinary Dividend of Rs 12.75 per share and Special Dividend of Rs 2.75 per share).
  • FMCG Segment:
    • Full Year Segment Revenue and Segment PBIT up 9.6% and 29.4% YoY respectively; margins expanded by 130 bps YoY
    • 2-yr CAGR: Segment Revenue 14.5%, Segment PBIT 38.8%
  • Cigarettes Segment:
    • Full Year Net Segment Revenue and Segment PBIT up 7.1% and 6.5% YoY respectively
    • 2-yr CAGR: Net Segment Revenue 13.5%, Segment PBIT 13.3%
  • Hotels Segment:
    • Full Year Segment Revenue and Segment PBIT up 15.6% and 39.1% YoY respectively; Segment EBITDA margin up 295 bps YoY to 35.1%
  • Agri Business Segment:
    • Strategic portfolio (comprising value-added agri products) and leaf tobacco Revenues up 19% YoY in Full Year

Result PDF

Cigarettes-Tobacco Products company ITC announced Q2FY24 results:

  • Financial Highlights:
    • Gross Revenue reached Rs 17,549 crores, with a 3.4% YoY growth (excluding Wheat & Rice exports, up 8.9%).
    • PBT was reported at Rs 6,514 crores, a 9.7% YoY increase.
    • PAT showed a 10.3% YoY growth, reaching Rs 4,927 crores.
    • Earnings Per Share for the quarter stood at Rs 3.96 (compared to Rs 3.61 in the previous year).
  • Segment-Wise Performance:

    • FMCG – Others:

      • Segment Revenue experienced an 8.3% YoY growth on a high base.
      • The Segment EBITDA margin expanded by 150 basis points (bps) YoY to 11.0%.
      • Segment PBIT grew by 36.8% YoY.
      • A 2-year Compound Annual Growth Rate (CAGR) for this segment was reported at 14.5%.
    • Cigarettes Segment:

      • Net Segment Revenue was up 8.5% YoY.
      • Segment PBIT grew by 8.0% YoY.
      • The segment continued to recover volumes from illicit trade, mainly due to deterrent actions by enforcement agencies.
    • Hotels Business:

      • Segment Revenue and PBIT grew by 21% and 50% YoY, respectively, despite a high base.
      • The Segment EBITDA margin increased by 170 bps YoY to 30.7%.
      • ITC Hotels had the honor of catering to prestigious events, including the G20 summit and the visit of the President of the United States.
    • Agri-Business:

      • Segment Revenue (excluding Wheat & Rice exports) saw substantial YoY growth of 26.4%.
      • Segment PBIT increased by 3.3% YoY.
      • The company actively engaged with farmers to build resilience against extreme weather events through the Climate Smart Agriculture program.
      • Strong customer relationships and agile execution in Leaf Tobacco and Value Added Agri products continued to drive growth.
    • Paperboards, Paper, and Packaging Segment:

      • The segment faced challenges due to low priced Chinese supplies, muted demand in export markets, and a high-base effect.
      • Sharp drop in net sales realization and global pulp prices were observed during the quarter.
      • The project for augmentation of in-house chemical pulp capacity by approximately 20% was completed during the quarter.

 

 

Result PDF

Cigarettes-Tobacco Products company ITC announced Q1FY24 results:

  • Gross revenue (ex-Agri Business) up 10.6% YoY; PBT at Rs 6,546 crore, up 18.2% YoY
  • Robust growth in FMCG – others; Segment revenue up 16.1% YoY to exceed Rs 5,000 crore in a quarter for the first time; Segment EBITDA margin expanded 325 bps YoY to 11.0%
  • Continued strong performance by the cigarettes segment; Net segment revenue is up 10.9% YoY
  • Best-ever Q1 in hotels business; Segment revenue up 8.1% YoY on high base, Segment PBIT up 17.0% YoY; led by strong growth in ARRs
  • Agri-Business segment revenues up 31% YoY (excl. wheat exports); Segment PBIT up 25.3% YoY
  • Gross revenue stood at Rs 16,843 crore representing a de-growth of 7.3% YoY (ex-Agri Business: up 10.6%)
  • PBT at Rs 6,546 crore grew by 18.2% YoY.
  • PAT grew by 17.6% YoY to Rs 4,903 crore.
  • Earnings per share for Q1FY24 stood at Rs 3.9 (previous year Rs 3.4).

 

 

Result PDF

FMCG company ITC announced Q4FY23 & FY23 results:

  • Board recommends to shareholders for their approval, a Special Dividend of Rs 2.75 per share in addition to the Final Dividend of Rs 6.75 per share for the financial year ended 31st March, 2023. Together with the Interim Dividend of Rs 6.00 per share paid on 3rd March, 2023, Total Dividend for the financial year ended 31st March, 2023 amounts to Rs 15.50 per share (FY22: Rs 11.50 per share).
  • Strong growth momentum sustained across operating segments:
  • Q4: Gross Revenue (ex-Wheat exports) up 16.1% YoY and EBITDA up 18.9% YoY; EBITDA Margin at 36.1% up 385 bps
    • Reported Gross Revenue up 6.1%; base quarter included wheat exports that were banned during the current year
    • PAT up 21.4% YoY
  • Full Year: Gross Revenue up 17.6% and EBITDA up 26.5%; EBITDA Margin at 34.5% up 240 bps
  • 12 Hotel properties of the Company have received LEED Zero Carbon certification (first 12 in the world) and 2 hotel properties have received LEED Zero Water certification (first 2 in the world).
  • Strong growth in FMCG – Others Segment continues; Q4 Segment Revenue up 19.4% YoY, at appx. 1.6x of Q4FY20.
  • Sustained volume claw back from illicit trade on the back of deterrent actions by enforcement agencies and relative stability in taxes
  • Stellar performance in Hotels Business; Q4 Segment Revenue at 2x of Q4 FY22 and at appx. 1.7x of Q4FY20
    • Q4 Segment EBITDA at 272 crore at 2.5x of Q4 FY20, up 240 crore YoY
    • Q4 Segment EBITDA margin at 34.8% (Vs. 8.1% in Q4 FY22 and 23.1% in Q4 FY20) driven by higher RevPAR, operating leverage and structural cost interventions.
  • Agri Business Q4 Segment Revenue up appx. 20% YoY (ex-Wheat exports)
  • Paperboards, Paper and Packaging Segment includes the impact of planned shut down of pulp mills for capacity expansion
    • Q4 Segment Revenue at 2,221 crore; 3 Yr. CAGR at 15%
    • Q4 Segment PBIT at 445 crore; 3 Yr. CAGR at 16%

 

Result PDF

Tobacco products firm ITC announced Q3FY23 results:

  • Q3FY23:
    • Board recommends an Interim Dividend of Rs 6.00 per share for the Financial Year ending Q4FY23.
    • Strong growth momentum sustained across operating segments.
      • Gross Revenue (ex- Agri-Business) up 17.5% YoY and EBITDA up 22.0% YoY.
        • Reported Gross Revenue up 2.9%; the base quarter included wheat exports that were banned during the current year.
      • Segment PBIT margin (ex- Agri Business) up ~130 bps YoY.
    • Robust performance continues in FMCG – Others; Segment Revenue up 18.4% YoY, 1.5x of Q3FY20.
      • Staples, Biscuits, Noodles, Snacks, Dairy, Beverages, and Soaps drive growth.
      • Education & Stationery Products Business continues to witness strong traction.
      • Segment EBITDA margin at 10.0%; up 90 bps YoY and 50 bps sequentially amidst elevated commodity prices.
    • Continued volume recovery from illicit trade on the back of stability in taxes on cigarettes and deterrent actions by enforcement agencies
      • Cigarettes Segment Revenue up 16.7% YoY; Segment PBIT up 16.9% YoY
      • Market standing continues to be reinforced through focused portfolio/market interventions and agile execution.
    • Stellar performance in the Hotels Business; Segment Revenue up 50.5% YoY and at appx. 1.3x of Q3FY20.
      • RevPAR is well ahead of pre-pandemic levels.
      • Segment EBITDA at 224 crore (up 107 crore YoY and 67 crore over Q3FY20)
      • Segment EBITDA margin at 31.5% ( 680 bps YoY and 310 bps Vs. Q3FY20) driven by higher RevPAR and structural cost interventions.
    • Restrictions imposed on wheat & rice exports impact Agri-Business Segment Revenue; Segment PBIT up 32.6% driven by strong growth in leaf tobacco exports and value-added agri products.
      • Value-added spices processing facility equipped with state-of-the-art technology commissioned in Guntur during the quarter.
    • Paperboards, Paper and Packaging Segment continues to deliver strong performance; Segment Revenue up 12.7% YoY while Segment PBIT up 35.2% YoY
      • The segment margin improvement was driven by higher realisations and strategic interventions (in-house pulp manufacturing, pro-active capacity expansion in value-added products, Digital)
      • Capacity utilisation of the recently commissioned unit in Nadiad, Gujarat scaled up.

Result PDF

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