Media Statement and Investor Presentation
ITC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts less than Nifty 100 and 1.7 pts less 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.
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ITC Ltd reported strong Q4 FY26 performance with standalone gross revenue up 17.5% YoY and EBITDA up 7.3% YoY (ex-Agri up 9%). For the full year, standalone gross revenue grew 10.1% to Rs. 80,867 crore with EBITDA up 4.9% to Rs. 25,208 crore. The FMCG-Others segment delivered robust results with Q4 segment revenue up 15% YoY and segment results up 51% YoY, with EBITDA margin expanding ~200 basis points to 11%. The Board recommended a final dividend of Rs. 8 per share, taking total FY26 dividend to Rs. 14.50 per share. However, the Cigarettes segment faced unprecedented tax increases from February 2026 (GST raised to 40% of retail price from 28%), which management warns will boost illicit trade and impact farmers and MSMEs. The Paper segment showed recovery with Q4 profits up 21% YoY and 24% QoQ following Minimum Import Price protection. The company completed acquisition of Sresta Natural Bioproducts (24 Mantra Organic) during the year, with digital-first and organic portfolio growing ~60% YoY and clocking ARR over Rs. 1,350 crore.
ITC delivered resilient FY26 results despite geopolitical disruptions and input cost pressures. The dividend increase signals confidence, while the FMCG diversification strategy is gaining traction with margin expansion in the Others segment. The cigarette tax hike poses near-term risks to the largest segment, though management has taken strategic pricing and portfolio actions to mitigate impact.