Kolkata |ITC Limited, one of India’s largest diversified conglomerates, reported a strong financial performance for the third quarter of FY26, driven by steady growth across its core businesses and robust expansion in its non-cigarette FMCG portfolio. The company also announced a healthy interim dividend, underscoring its strong cash generation and shareholder-friendly capital allocation.
Q3 Financial Performance
For the quarter ended December 31, 2025, ITC reported revenue from operations of ₹19,359.46 crore on a standalone basis. Profit Before Tax (PBT) stood at ₹6,685.05 crore, while Profit After Tax (PAT) came in at ₹5,088.83 crore. Earnings Per Share (EPS) for the quarter were ₹4.06.
For the nine-month period (April–December 2025), the company posted revenue of ₹59,800.43 crore and a PAT of ₹15,181.01 crore.
Segment Performance Highlights
ITC’s diversified portfolio delivered resilient performance across segments during the December quarter:
- FMCG – Cigarettes: Revenue of ₹8,790.76 crore with a segment result of ₹5,177.02 crore, supported by stable demand and strong pricing discipline.
- FMCG – Others (Branded Foods, Personal Care, etc.): Revenue surged to ₹6,019.69 crore, with a segment result of ₹450.43 crore, reflecting continued scale-up of ITC’s non-cigarette FMCG businesses.
- Agri Business: Revenue stood at ₹3,560.27 crore, benefiting from strong sourcing capabilities and exports.
- Paperboards, Paper & Packaging: Revenue reached ₹2,202.41 crore, supported by demand from FMCG and industrial customers.
Interim Dividend and Key Board Decisions
The Board of Directors declared an interim dividend of ₹6.50 per ordinary share (face value ₹1) for FY26. The record date has been set as February 4, 2026, and the dividend will be paid between February 26 and February 28, 2026.
Impact of New Labour Codes
During the quarter, ITC recognized a one-time past service cost of ₹273.83 crore (standalone) and ₹354.58 crore (consolidated) as an exceptional item. The charge relates to the implementation of new labour codes and changes in the definition of wages. The company said it continues to monitor further clarifications from the government.
Hotels Demerger Completed
The current financial results are reported on a continuing operations basis, following the successful demerger of ITC’s Hotels business (excluding ITC Grand Central, Mumbai), effective January 1, 2025.
Auditors’ Review
Statutory auditors S R B C & Co. LLP issued an unmodified limited review report on both the standalone and consolidated financial statements.
Outlook
ITC’s results highlight the strength and resilience of its diversified business model. The sustained momentum in the FMCG-Others segment points to successful execution and scaling of newer businesses, while established segments continue to generate strong cash flows, supporting consistent shareholder returns.
About ITC Limited
ITC Limited is one of India’s leading multi-business enterprises with a market capitalization exceeding ₹5.5 trillion. Its businesses span FMCG, Hotels, Paperboards & Packaging, Agri Business, and IT services. ITC is the only company globally to be carbon-positive, water-positive, and solid-waste recycling positive for over 18 consecutive years.