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ITC Limited Q4 FY26 results deck summary

NSE: ITC · BSE: 500875

Results deck of 21 May 2026, summarised by AI from the filing.

ITC Q4 FY26 standalone Gross Revenue up 17.5% YoY to ₹21,463 cr; FMCG Others Segment Revenue up 15% YoY and Segment Results up 51% YoY

Key takeaways

Q4 results Standalone Gross Revenue ₹21,463 cr (Q4 FY25: ₹18,267 cr, +17.5% YoY); EBITDA ₹6,426 cr (+7.3% YoY); PAT ₹5,113 cr (+4.9% YoY)
FMCG Others Q4 Segment Revenue up 15% YoY (14% YoY ex-Sresta); Segment Results up 51% YoY; EBITDA margin up ~200 bps YoY to 11% (ex-Sresta)
Paper rebound Q4 Segment PBIT up 21% YoY and 24% QoQ; partial relief from MIP on Virgin Multi-layer Paperboard effective 22nd August, 2025
Illicit trade Punitive taxes have resulted in rapid growth of illicit cigarette trade; estimated loss of appx. ₹23,000 cr p.a. to the Exchequer

Original filing on BSE

ITC Limited Q1 FY27 results

As filed: Revenue ₹29,523 cr (+28% year on year), EBITDA ₹5,181 cr (−24% year on year), PAT ₹4,509 cr (−16% year on year), EBITDA margin 17.6% (−1,000 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

Q4 FY26: Revenue ₹23,821 cr (+17% year on year), EBITDA ₹6,924 cr (+6% year on year), PAT ₹5,470 cr (−72% year on year), EBITDA margin 29.1% (−293 bps). Score 58 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was above it; profit growth was well below it. EBITDA margin fell 293 bps year on year. Share price after the results: −4.9% in 29 days (Nifty 500: +2.5%).
Q3 FY26: Revenue ₹21,707 cr (+7% year on year), EBITDA ₹6,883 cr (+8% year on year), PAT ₹5,018 cr (0% year on year), EBITDA margin 31.7% (+44 bps). Score 62 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA growth was well above it; profit growth was below it. EBITDA margin rose 44 bps year on year. Profit fell 3% from last quarter. Share price after the results: +2.5% in 29 days (Nifty 500: +0.1%).
Q2 FY26: Revenue ₹21,256 cr (−5% year on year), EBITDA ₹6,695 cr (−1% year on year), PAT ₹5,187 cr (+3% year on year), EBITDA margin 31.5% (+115 bps). Score 40 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA growth was in line with it; profit growth was below it. EBITDA margin rose 115 bps year on year. Revenue fell 8% from last quarter. Share price after the results: −3.5% in 29 days (Nifty 500: +0.4%).
Q1 FY26: Revenue ₹23,129 cr (+15% year on year), EBITDA ₹6,816 cr (+1% year on year), PAT ₹5,343 cr (+3% year on year), EBITDA margin 29.5% (−422 bps). Score 56 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was in line with it; profit growth was below it. EBITDA margin fell 422 bps year on year. Profit fell 73% from last quarter. Share price after the results: −1.6% in 28 days (Nifty 500: −0.9%).
Q4 FY25: Revenue ₹20,376 cr (+5% year on year), EBITDA ₹6,520 cr (−2% year on year), PAT ₹19,808 cr (+282% year on year), EBITDA margin 32.0% (−208 bps). Score 58 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA growth was below it; profit growth was well above it. EBITDA margin fell 208 bps year on year. Share price after the results: −1.8% in 29 days (Nifty 500: +2.0%).
Q3 FY25: Revenue ₹20,350 cr (+4% year on year), EBITDA ₹6,362 cr (−2% year on year), PAT ₹5,013 cr (−7% year on year), EBITDA margin 31.3% (−212 bps). Score 34 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend; profit growth was well below it. EBITDA margin fell 212 bps year on year. Revenue fell 9% from last quarter.
Q2 FY25: Revenue ₹22,282 cr (+16% year on year), EBITDA ₹6,761 cr (+5% year on year), PAT ₹5,054 cr (+2% year on year), EBITDA margin 30.3% (−315 bps). Score 40 of 100, In line with trend. EBITDA margin fell 315 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

ITC Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.