ITC Limited reported its standalone Q2 FY26 results, posting a net profit of ₹5,179 crore, up 2% year-on-year from ₹5,078 crore in the same quarter last year. The figure also came in above Street expectations of ₹5,062 crore.
However, the company saw a slight dip in topline performance, with revenue from operations at ₹19,381.9 crore, down 2.5% YoY compared to ₹19,858.8 crore last year. Analysts had estimated revenue at ₹19,200 crore.
ITC delivered healthy operating performance as EBITDA stood at ₹6,252 crore, up 2.1% YoY (vs ₹6,123 crore), with EBITDA margin improving to 32.26% from 30.83% in Q2 FY25. Margin beat was led by operational efficiencies and cost management, although it came slightly below the estimated 32.7%.
The company’s performance reflects resilience in a challenging consumption environment, supported by its FMCG, hospitality, and agri-business verticals.
ITC continues to navigate inflationary pressures and a muted rural recovery, while its diversification beyond cigarettes — particularly in packaged foods, personal care, and digital-first brands — remains a key strategic focus area.
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