ITCNSEITC Limited· CigarettesMediumNeutral
Announced Thu, 21 May · 15:45 IST

ITC Limited has informed the Exchange about General Updates

Investor Communications View source PDF

ITC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹307.65
prior close
₹305.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4+0.0+0.3-0.2-1.1-1.9-5.0-6.4-9.2-10.0-6.3-5.5-8.7
Up moveDown movePending
AI summary

ITC delivered a resilient FY26 with standalone Gross Revenue up 10.1% to Rs. 80,867 cr and EBITDA up 4.9% to Rs. 25,208 cr. Q4 saw strong 17.5% revenue growth despite West Asia conflict disruptions. FMCG-Others posted double-digit growth with EBITDA margin improving ~200 bps to 11% ex-Sresta. Paperboards showed recovery in H2 with Q4 profits up 21% YoY following Minimum Import Price protection. The Board recommended final dividend of Rs. 8 per share, taking total FY26 dividend to Rs. 14.50 (vs Rs. 14.35). However, cigarettes face unprecedented tax increase (GST moved to 40% of retail price plus excise hike from Feb 2026), which management warns will drive illicit trade and harm farmer livelihoods. Digital-first & organic portfolio grew ~60% to Rs. 1,350 cr ARR.

Likely market impact

Solid full-year growth but margin pressure from input costs and a potentially disruptive tax hike on cigarettes creates uncertainty; the company's diversified portfolio and FMCG-Others momentum provide some offset.