ITC Limited announced its financial results for the second quarter ended September 30, 2026 (Q2 FY27), reporting a consolidated Gross Revenue of ₹30,431 crore, an increase of 44.6% year-on-year. Net revenue saw a growth of 5.1% to ₹20,454 crore. The company highlighted robust growth across its non-cigarette businesses, particularly in FMCG Others and Paperboards, Paper & Packaging segments. Standalone Gross Revenue grew by 46.6% to ₹28,152 crore.
ITC Announces Strong Q2 FY27 Financials
ITC Limited has reported a significant jump in its financial performance for the quarter ended September 30, 2026 (Q2 FY27). The consolidated Gross Revenue surged by 44.6% to ₹30,431 crore compared to the same period last year. Net revenue on a consolidated basis grew by 5.1% to ₹20,454 crore.
Standalone Performance Highlights
On a standalone basis, ITC’s Gross Revenue from sale of products and services rose substantially by 46.6% to ₹28,152 crore in Q2 FY27. Net Revenue for the standalone entity increased by 3.1% to ₹18,449 crore.
Segment-wise Performance
The company’s segment revenue data reveals strong growth across key verticals. FMCG – Others segment revenue grew by 15.7% to ₹6,967 crore, while the FMCG – Cigarettes segment saw a remarkable 78.1% increase in revenue to ₹15,536 crore. Agri Business revenue was up by 12.0% to ₹4,452 crore. The Paperboards, Paper & Packaging segment demonstrated robust growth with revenue increasing by 35.9% to ₹3,016 crore. The ‘Others’ segment, which includes hotels and fresh food business, also grew by 33.7% to ₹101 crore.
EBITDA and Profitability
Consolidated EBITDA stood at ₹5,645 crore, a decrease of 15.7% year-on-year. Profit Before Tax (before exceptional items) declined by 17.0% to ₹5,720 crore, and Profit After Tax (before exceptional items) was ₹4,249 crore, down 17.0%. Standalone EBITDA was ₹5,160 crore, a decrease of 17.4%. Profit Before Tax (before exceptional items) declined by 18.5% to ₹5,507 crore, with Profit After Tax at ₹4,137 crore, down 20.1%.
Non-Cigarette Businesses Drive Growth
ITC emphasized the strong growth of 18% in its Non-Cigarette Businesses. FMCG – Others reported a revenue growth of 15.7%, with Biscuits, Snacks, Noodles, Spices, Salt, Frozen Snacks, Homecare & Notebooks growing over 20%, and Personal Wash & Dairy seeing high-teen growth. The Paperboards, Paper & Packaging segment revenue increased by 35.9% YoY, and Segment PBIT grew by 47.6%. Agri Business revenue increased by 12.0%.
Key Business Unit Performance
The Cigarettes business saw a revenue increase of 78.1%. In FMCG – Others, Consolidated Revenue grew 19% YoY (LTL 17.3%, ex-Atta 23%), with the digital-first & organic portfolio showing high growth momentum. The Paperboards, Paper & Packaging segment experienced a strong recovery, with revenue up 36% YoY and PBIT up 48% YoY. Fresh Food Business delivered robust GMV growth of 53% YoY.
Sustainability Initiatives
ITC continues its commitment to sustainability, highlighted by its global exemplar status in ‘Triple Bottom Line’ performance, achieving and sustaining ‘water positive’ (for 24 years), ‘carbon positive’ (for 21 years), and ‘solid waste recycling positive’ (for 19 years). The company also achieved ‘Leadership Level’ scores from CDP for Water, Climate, and Forest.
Source: BSE
