ITC Limited reported a 7.1% YoY increase in Gross Revenue (ex-Agri Business) for Q2 FY26, driven by Cigarettes and FMCG sectors. Overall EBITDA increased by 2.1% YoY, with an EBITDA Margin of 35.1%, up 185 bps YoY. The FMCG segment sustained revenue growth momentum, rising 8% YoY (ex-Notebooks). Strong performance was sustained in differentiated and premium cigarette offerings.
Financial Performance Highlights
ITC Limited’s Q2 FY26 results showcase a robust performance across key segments:
- Gross Revenue: Increased by 7.1% YoY (excluding Agri Business).
- EBITDA: Up by 2.1% YoY (3.2% excluding paper), with a margin increase of 185 bps to 35.1%.
- PAT: Increased by 4.1% YoY.
Segmental Performance
FMCG – Others
- Sustained revenue growth momentum at 8% YoY (excluding notebooks).
- EBITDA margin increased by 50 bps QoQ, reaching 10%.
Cigarettes
- Net segment revenue increased by 6.8% YoY.
Agri Business
- Performance reflects timing differences and a high base effect.
- H1 segment revenue increased by 7%, and segment results rose by 10%.
Paperboards, Paper & Packaging
- Sequential improvements in performance with a 17% increase in profit.
Strategic Developments
- The company sustained investments in trade and marketing to drive growth and market standing.
- Continued focus on portfolio premiumization.
- Expanding the ‘Digital First’ & Organic portfolio.
Sustainability Initiatives
ITC has achieved and sustained key global indices of environmental sustainability:
- Water positive for 23 years.
- Carbon positive for 20 years.
- Solid waste recycling positive for 18 years.
FoodTech Business
- New vector of growth envisioned in ITC next strategy.
Source: BSE
