ITC Q1 FY27: Revenue up 28% but standalone PAT falls 27% on cigarette tax

Pat NegativeExceptional ItemRevenue Growth 20pctResults View source PDF Explain this filing

ITC · price

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

Price reactionminutes from the announcement price · days from the prior close

+2.2%Reaction day

₹280.85

prior close

₹284.45

announcement price

After-mkt

timing

Nifty 100market+1.5%+0.6% vs market

Fast Moving Consumer Goods peers, median of 284sector · sector level+0.8%+1.4% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty 100 and 1.4 pts more than its Fast Moving Consumer Goods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+0.7

15m

+2.6

30m

+2.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.2+1.5+0.6+0.8+1.4

Next day

+2.9+0.9+2.0+1.1+1.8

+2.2+1.0+1.2+1.1+1.1

+1.8+1.1+0.7+1.0+0.8

+1.4+0.9+0.6+0.9+0.5

+0.6+0.9-0.3+1.1-0.4

-1.5+0.5-2.0+0.5-2.0

15d

-4.0-0.5-3.5+1.0-5.0

-6.3-1.9-4.5+0.4-6.7

-4.3-7.2+3.0-2.5-1.8

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UpDownMarket · Nifty 100Sector · Fast Moving Consumer Goods peers, median of 284Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ITC posted Q1 FY27 standalone revenue from operations of Rs 26,943 cr, up 28% YoY, but PAT fell 27% to Rs 3,579 cr as excise duty on cigarettes jumped over 7x to Rs 10,036 cr after GST Compensation Cess expiry. Consolidated PAT dropped 16% to Rs 4,509 cr. Cigarettes segment EBIT fell 35%. Consolidated results include a Rs 406 cr exceptional gain from Sproutlife Foods remeasurement. Auditor issued an unmodified review report.

Likely market impact

Headline revenue growth is largely accounting-driven from excise inclusion. Real profits fell sharply on higher cigarette taxes. Watch pricing response and FMCG margin trajectory.