ITC Q2 FY26 Earnings Preview: ITC Limited is all set to announce its quarterly results for July to September period (Q2 FY2026) today (October 30). According
to ET NOW poll, ITC's profit after tax (PAT) on standalone basis is likely to come in flat at Rs 5131 crore, up 1 per cent YoY from Rs 5077 crore posted in the corresponding quarter a year ago. For Q2 FY26, ITC’s revenue is estimated at Rs 19,466 crore, reflecting a 0.7 per cent YoY increase from Rs 19,327 crore in Q2 FY25. ET NOW poll has pegged ITC's EBITDA to surge by 1 per cent YoY to Rs 6,390 crore in the quarter under preview from Rs 6,335 crore in clocked in September 2024 quarter. ITC's EBITDA margin could nearly remain flat at 32.8 per cent in the three-month period ended on September 30, 2025, compared to 32.7 per cent in the same period of the previous year.
ITC Q2 Results: Segment Expectations
- ITC's Cigarettes business expects a 5–6 per cent volume growth YoY, with revenue up 7 per cent and EBIT +3 per cent, according to the poll.
- ITC's FMCG segment is forecast to post 4 per cent revenue growth, with an EBIT margin of around 7.5 per cent. The segment could face GST-related pressure on 75 per cent of its portfolio.
- ITC's agri segment is likely to see 10 per cent revenue growth and an EBIT margin of 7.5 per cent.
- ITC's Paperboards revenue is expected to stay flat in Q2 (+5 per cent YoY), with an 8.5 per cent EBIT margin, as demand, exports and realizations remain weak amid cheaper Chinese supply.
ITC Q2 FY26 Earnings Preview: Key Monitorables
- Cigarette volume trends and trends product mix
- Competitive intensity in the segment
- Raw material (RM) cost trends
- Agri business outlook
- Pricing strategy and margin sustainability
ITC shares on Wednesday (October 29) closed at Rs 421.60 on BSE.
ITC Limited, headquartered in Kolkata, is a conglomerate with a strong presence in both FMCG and the cigarette and tobacco industry.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
