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ITC Limited on Thursday reported a sharp 72.4% year-on-year decline in consolidated net profit for the March quarter of FY26, largely due to the absence of an exceptional gain recorded last year after the demerger of its hotels business.
The company posted a consolidated profit of Rs. 5,469.74 crore in Q4FY26, compared with Rs. 19,807.88 crore in the corresponding quarter last year. In Q4FY25, ITC booked a one-time gain of Rs 15,179 crore from the demerger of its hotel business.
On a sequential basis, profit rose 9% to Rs. 5,018.45 crore from the December quarter.
Profit from continuing operations stood at Rs. 5,469.74 crore, up 6% year-on-year from Rs. 5,155.27 crore and 9% higher quarter-on-quarter.
Consolidated income from operations of ITC grew by 17% to Rs. 23,821.48 crore in the March quarter. The corresponding numbers were Rs. 20,376.36 crore in Q4FY25 and Rs. 21,706.64 crore in Q3FY26.
In terms of profit for the financial year 2026, there was a fall of 40% in consolidated profits to Rs. 21,018.15 crore from Rs. 35,052.48 crore in FY25. Income from operations witnessed a growth of 10.2% to Rs. 89,913
ITC’s FMCG-Others segment reported 15% year-on-year revenue growth at Rs. 6,303.73 crore in Q4. EBITDA margin for the segment expanded 200 basis points to 11%.
According to the company, the staples, biscuits, snacks, noodles, dairy, household, premium bathing soap, and agarbatti sectors witnessed strong growth for the quarter.
ITC also reported that its digital-first and organic product portfolio was gaining traction, with 60% YoY growth and a run rate exceeding Rs. 1,350 crore per annum.
Cigarette revenue increased almost 32% year-on-year to Rs. 11,066.02 crore on the back of volume growth, despite tax hikes from February 1, 2026.
Performance was strong till January, owing to portfolio management initiatives and measures undertaken to curb illicit trade in competitive markets.
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ITC’s board recommended a final dividend of Rs. 8 per share for FY26.
The record date has been set for May 27, and dividend payments will take place between July 24 and July 29, 2026.
Including the interim dividend of Rs. 6.50 per share paid earlier this year, the total dividend for FY26 stands at Rs. 14.50 per share, marginally higher than Rs. 14.35 per share declared for FY25.
