ITC Q2 results: consolidated net profit falls 18.5% to Rs 4,229 crore
ITC said in an NSE filing that its consolidated net profit for the September 2026 quarter was Rs 4,229.33 crore, down 18.5% from a year earlier, as total income from operations rose 42.3%.
Key points
- ITC reported consolidated net profit after tax of Rs 4,229.33 crore for the quarter ended 30 September 2026, down 18.5% year on year.
- Consolidated total income from operations was Rs 31,085.76 crore, up 42.3% year on year and 3.0% from the previous quarter.
- Exceptional items in the quarter were an expense of Rs 25.66 crore tied to the acquisition of a pulp and paper business, against a gain of Rs 88.08 crore a year ago.
ITC reported consolidated net profit after tax of Rs 4,229.33 crore for the quarter ended 30 September 2026 (Q2 FY27), down 18.5% from Rs 5,186.55 crore a year earlier. Consolidated total income from operations was Rs 31,085.76 crore, up 42.3%. The company disclosed the unaudited results in a filing with the National Stock Exchange on 2 November 2026.
What Happened
ITC's board approved the unaudited standalone and consolidated results for the quarter and six months ended 30 September 2026 on 2 November 2026. The company's filing includes a summary table with the figures below, which are consolidated and in Rs crore.
Total income from operations was Rs 31,085.76 crore in the September 2026 quarter, against Rs 21,840.26 crore a year earlier. The six-month figure is Rs 61,264.77 crore, which implies Rs 30,179.01 crore in the quarter ended 30 June 2026. On that basis, the September quarter was 42.3% higher than a year earlier and 3.0% higher than the previous quarter.
Net profit after tax was Rs 4,229.33 crore. The six-month figure is Rs 8,738.12 crore, which implies Rs 4,508.79 crore in the previous quarter. Profit for the September quarter was therefore 18.5% lower than a year earlier and 6.2% lower than the previous quarter. Earnings per share for the quarter were Rs 3.32.
Profit before tax and exceptional items was Rs 5,720.28 crore, against Rs 6,890.60 crore a year earlier. The company's notes say exceptional items in the quarter were an expense of Rs 25.66 crore incurred in relation to the acquisition of the pulp and paper business of Aditya Birla Real Estate Limited, operated as Century Pulp and Paper. A year earlier, exceptional items were a gain of Rs 88.08 crore from the final settlement of an insurance claim for leaf tobacco stocks destroyed in a fire at a third-party warehouse.
For the six months, consolidated net profit after tax was Rs 8,738.12 crore. The company's notes say the six-month consolidated exceptional items also include a gain of Rs 405.88 crore from remeasuring its existing interest in Sproutlife Foods Private Limited when it became a subsidiary.
Standalone net profit after tax for the quarter was Rs 4,137.12 crore, against Rs 5,175.70 crore a year earlier.
What It Means
The filing shows much higher income from operations than a year ago, but lower profit for the quarter. The quarter-on-quarter comparisons here are worked out from the six-month and quarterly figures in the company's summary table. The company's auditors issued an unmodified limited review report on the results. This report states what the filing records and is not investment advice.
Oquilia Data: ITC Ltd. (NSE: ITC)
| Close, 2 Nov 2026 | Rs 266.40 (+0.30% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | +4.10% / −5.20% / −15.40% / −33.90% / −36.62% |
| Against Nifty 50, 1M / 3M / YTD | −0.44 / −1.33 / −23.61 points |
| 52-week closing high / low | Rs 413.95 (3 Nov 2025) / Rs 255.00 (8 Oct 2026) |
| Turnover, 20-session average | Rs 612.59 cr; 55.1% delivered; latest volume 0.6x |
Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.
Full record: ITC share price on Oquilia
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India