ITC Q2 Results FY25-26 LIVE Updates:ITC reported its consolidated net profit at Rs 5,186.55 crore, up 2.61% year-on-year (YoY) from Rs 5,054.43 crore, but down 2.94% sequentially from Rs 5,343.41 crore in Q1FY26.
On a standalone basis, the maker of ‘Sunfeast’ biscuits and ‘Gold Flake’ reported a profit of Rs 5,180 crore, marking a 2% YoY increase from Rs 5,078.34 crore in Q2FY25 and a 5.4% sequential rise from Rs 4,912.36 crore in Q1FY26.
Revenue from operations was reported at Rs 21,255.86 crore, down 1.30% year-on-year (YoY) from Rs 21,536.38 crore in Q2FY25 and down 8.10% quarter-on-quarter (QoQ) from Rs 23,129.35 crore in Q1FY26.
On a standalone basis, revenue stood at Rs 19,381.99 crore, down 2.40% YoY from Rs 19,858.75 crore in Q2FY25 and down 7.96% QoQ from Rs 21,058.98 crore in the previous quarter (Q1FY26).
ITC Q2 Earnings LIVE, ITC Q2FY26 Results, Share Price LIVE Updates:
ITC Q2 Results LIVE Updates: Agri Business Segment
̶H1: Segment Revenue up 7%; Segment Result up 10%
"Q2 performance reflects timing diff. & high base effect," the company noted.
ITC Q2 Results LIVE Updates: FMCG – Cigarettes business
Net Segment Revenue up 6.8% YoY; Segment PBIT up 4.3% YoY.
"Leaf Tobacco consumption cost remains elevated; partly mitigated through product mix enrichment and cost management interventions. Moderation in leaf tobacco procurement prices witnessed in current crop cycle," the company noted in its press release.
On standalone basis
Overall EBITDA up 2.1% YoY (ex-paper up 3.2% YoY)
EBITDA Margin at 35.1% up 185 bps YoY
ITC Q2 Results LIVE Updates: Key announcements
ITC's Board approved voluntary de-listing of its ordinary shares from the Calcutta Stock Exchange (CSE).
ITC Q2 Results LIVE Updates: Total expenses at Rs 15,016.02 crore
ITC's total expenses reduced to Rs 15,016.02 crore, from Rs 15,415.21 crore a year ago.
Revenue from operations was reported at Rs 21,255.86 crore, down 1.30% year-on-year (YoY) from Rs 21,536.38 crore in Q2FY25 and down 8.10% quarter-on-quarter (QoQ) from Rs 23,129.35 crore in Q1FY26.
On a standalone basis, revenue stood at Rs 19,381.99 crore, down 2.40% YoY from Rs 19,858.75 crore in Q2FY25 and down 7.96% QoQ from Rs 21,058.98 crore in the previous quarter (Q1FY26).
ITC reported its consolidated net profit at Rs 5,186.55 crore, up 2.61% year-on-year (YoY) from Rs 5,054.43 crore, but down 2.94% sequentially from Rs 5,343.41 crore in Q1FY26.
On a standalone basis, the maker of ‘Sunfeast’ biscuits and ‘Gold Flake’ reported a profit of Rs 5,180 crore, marking a 2% YoY increase from Rs 5,078.34 crore in Q2FY25 and a 5.4% sequential rise from Rs 4,912.36 crore in Q1FY26.
ITC Q2 Results LIVE Updates: Kotak expects 6% volume growth in ITC’s cigarette business
Kotak Institutional Equities expects ITC’s cigarette business to report a volume growth of 6% and gross sales growth of 7% year-on-year (YoY). EBIT growth is projected at around 3.5% YoY, with the EBIT margin expected to decline by approximately 200 basis points (bps) YoY and around 100 bps quarter-on-quarter (QoQ) due to the consumption of high-cost leaf tobacco and other inputs.
“Leaf tobacco prices have moderated in recent quarters, but the benefits are expected to accrue from the second half (2H) onwards,” said Kotak Institutional Equities.
ITC Q2 Results LIVE Updates: Change in GST rates on FMCG products & cigarette
Investors are also focusing on FMCG and cigarette major ITC, as the Indian government recently implemented GST 2.0. Under the new rates, most FMCG products have dropped from 12 % and 18 % to 5 %. However, GST on cigarettes has increased sharply — from 28 % to 40 %.
ITC Q2 Results LIVE Updates: Q1 FY26- A recap (Part-3)
ITC's management in its Q1 said that Early signs of recovery in urban consumption demand were visible during the first quarter. The company stated that lower inflation, reduced interest rates, and liquidity support from the RBI, along with tax cuts announced in the recent Union Budget and the front-loading of government expenditure, are expected to bolster growth momentum going forward.
Consolidated Net Profit: Rs 5,343.41 crore
Revenue from operations: Rs 23,129.35 crore
Total expenses: Rs 16,752.31
Total income: Rs 23,811.56 crore
Revenue from cigarettes: Rs 9,553.86 crore
ITC Q2 Results LIVE Updates: Q1 FY26- A recap (Part-1)
In the first quarter, ITC reported a consolidated profit of Rs 5,343.41 crore, up 3% year-on-year (YoY). The company’s revenue from operations stood at Rs 23,129.35 crore, driven by its cigarettes, agri-business, and FMCG segments. Revenue from the total FMCG business, which includes cigarettes, rose 7% to Rs 15,354.30 crore in the June quarter, while revenue from cigarettes alone was Rs 9,553.86 crore, up 8%.
ITC Q2 Results LIVE Updates: FMCG margins in focus
According to Kotak, ITC's FMCG segment may see 4% revenue growth. They are factoring in about 300–350 bps impact from channel destocking. This is likely in nearly 75% of the FMCG portfolio. The overall near-term disruption due to GST new rates also need to be looked into.
“The Board of Directors of the Company, at its meeting scheduled for Thursday, October 30, 2025, will also, inter alia, consider a proposal for the voluntary delisting of the Company’s ordinary shares from The Calcutta Stock Exchange Limited,” the company informed the stock exchanges on Monday.
ITC Q2 Results LIVE Updates: Welcome to the LIVE blog
Greetings! The earnings season for the second quarter of FY26 continues, with companies across sectors set to release their Q2 reports today. FMCG and cigarette major ITC is also scheduled to announce its results today. Stay tuned to this space on FinancialExpress.com for live updates on the ITC’s performance and key announcements from the management. We’ll also bring you insights and expectations from leading brokerage firms. Stay tuned!