ITC has declared its Q1 numbers. An analysis of the segment-wise business indicates that the cigarette revenue climbed 7.6 per cent YoY. The FMCG business was, however, trailing in the quarter.
ITC Q1: Cigarette segment steady
ITC’s cigarette segment posted a YoY profit growth of 3.7 per cent in Q1. The segment’s profit before tax went up from Rs 4,960 crore in Q1FY25 to Rs 5,145 crore.
The company said that the primary reasons for the segment’s growth are its strategic portfolio and market interventions. The company added that the focus on the competitive belts and countering illicit trade also contributed to the growth of the segment.
ITC Q1: FMCG business trails
ITC’s FMCG business, which included products ranging from Aashirvaad Atta to biscuits, spices to deodorants and soaps, posted a 5.2 per cent revenue growth in the quarter. The segment’s total revenue Q1FY26 stood at Rs 5,777 crore against a revenue of Rs 5,491 crore in Q1FY25.
The segment posted a 16.5 per cent YoY profit decline in the quarter. Its profit before tax in Q1FY16 came down to Rs 397 crore, while the same was at Rs 476 crore in the corresponding quarter of the previous fiscal year.
ITC Q1: Agri-business grows 39 per cent
ITC reported a 39 per cent YoY revenue growth in its agri-business portfolio. The segment posted a total revenue of Rs 9,685 crore in Q1FY26, while the same was Rs 6,973 crore.
The agri-business segment reported a profit before tax of Rs 434 crore in Q1FY26 against a profit before tax of Rs 356 crore in Q1FY25, resulting in a 21.9 per cent YoY growth.
ITC says that the segment saw a strong growth in the leaf tobacco export business in the quarter. Further, other products such as spices, coffee and aqua have also seen scaled-up operations in the quarter.