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ITC (ITC) investor relations material
ITC Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY26 saw consolidated gross revenue up 7.9% year-over-year (ex-Agri), with EBITDA up 2.2% and PAT up 4.2%; strong operating performance from group companies, notably ITC Infotech and ITC Hotels.
H1 FY26 consolidated gross revenue rose 8.4% (ex-Paper up 4.6%), with PAT up 4.6%.
Unaudited standalone and consolidated financial results for the quarter and six months ended 30th September 2025 were approved by the Board, including segment-wise revenue, results, assets, and liabilities.
Voluntary delisting from The Calcutta Stock Exchange was approved; shares remain listed on NSE and BSE.
Appointment and re-appointment of directors recommended for shareholder approval.
Financial highlights
Standalone Q2 FY26 gross revenue was ₹19,148 crore, down 2.7% due to Agri segment; ex-Agri, revenue grew 7.1% YoY.
Standalone total income for Q2 FY26 was ₹20,279.96 crore, with net profit from continuing operations at ₹5,179.82 crore.
Consolidated Q2 FY26 gross revenue was ₹21,047 crore, down 1.6%; ex-Agri, up 7.9% YoY.
Consolidated total income for Q2 FY26 was ₹21,840.26 crore, with net profit from continuing operations at ₹5,186.55 crore.
Exceptional gain of ₹88.08 crore from insurance claim settlement recognized in both standalone and consolidated results.
Outlook and guidance
Macro environment remains resilient in India, with GDP growth projected at 6.8% for FY26, though nominal GDP growth is decelerating.
Key positives include improving growth outlook, higher Kharif crop output, fiscal/GST reforms, and benign inflation.
The company continues to focus on growth across FMCG, Paperboards & Packaging, and Agri Business segments, leveraging core competencies and brand investments.
Risks include geopolitical disruptions, trade barriers, commodity price volatility, and climate change.
Persistent global uncertainty, US tariffs, weak China outlook, and geopolitical/climate risks pose downside threats.
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