ITC Limited Announces Financial Results for Q1 FY27: Revenue From Operations Surges to ₹29,523 Crore

ITC Limited has released its unaudited consolidated and standalone financial results for the first quarter ended June 30, 2026. Powered by robust top-line momentum across key operating segments, the diversified conglomerate achieved substantial year-on-year revenue expansion in both its consolidated and standalone operations.

Consolidated Financial Performance

Revenue and Overall Top Line

For the quarter ended June 30, 2026, ITC Limited recorded consolidated gross revenue from the sale of products and services of ₹29,409.82 crore, up significantly from ₹23,007.49 crore reported in the corresponding three months ended June 30, 2025. Adding other operating revenue of ₹113.48 crore, total revenue from operations reached ₹29,523.30 crore compared to ₹23,129.35 crore in Q1 of the previous financial year.

Total consolidated income for the quarter stood at ₹30,179.01 crore after factoring in other income of ₹655.71 crore. This compares with total income of ₹23,811.56 crore in Q1 FY26 and ₹24,406.63 crore in the preceding quarter ended March 31, 2026.

Expense Profile

Total consolidated expenses for the period came in at ₹24,809.95 crore, compared to ₹16,752.31 crore in the corresponding prior-year quarter. Key cost factors included:

Cost of materials consumed: ₹6,982.15 crore (vs. ₹6,238.30 crore in Q1 FY26)

Purchases of stock-in-trade and biological assets: ₹2,865.95 crore (vs. ₹3,894.19 crore in Q1 FY26)

Excise duty: ₹10,408.93 crore (vs. ₹1,634.56 crore in Q1 FY26)

Employee benefits expense: ₹1,877.01 crore (vs. ₹1,675.85 crore in Q1 FY26)

Other expenses: ₹3,165.74 crore (vs. ₹2,771.99 crore in Q1 FY26)

Depreciation and amortization: ₹427.73 crore (vs. ₹422.96 crore in Q1 FY26)

Finance costs: ₹39.78 crore (vs. ₹16.47 crore in Q1 FY26)

Profitability and Net Earnings

Profit Before Exceptional Items and Tax: Stood at ₹5,454.97 crore for the quarter, compared to ₹7,128.01 crore in Q1 FY26. Accounting for a share of profit of associates and joint ventures at ₹85.91 crore and an exceptional gain of ₹405.88 crore, consolidated Profit Before Tax (PBT) reached ₹5,860.85 crore.

Tax Expenses: Consolidated tax expense for Q1 FY27 totaled ₹1,352.06 crore, comprising current tax of ₹1,358.35 crore and deferred tax credit of ₹6.29 crore.

Profit for the Period: Consolidated net profit for Q1 FY27 registered at ₹4,508.79 crore. Profit attributable to owners of the parent stood at ₹4,394.13 crore, while non-controlling interests accounted for ₹114.66 crore.

Total Comprehensive Income: Stood at ₹4,874.50 crore after including other comprehensive income of ₹365.71 crore.

Earnings Per Share (EPS): Basic and diluted consolidated EPS for the quarter was ₹3.51 per share of face value ₹1/- each (un-annualized).

Standalone Financial Highlights

On a standalone basis, ITC Limited reported strong operational metrics across its core business units:

Revenue from Operations: Reached ₹26,943.23 crore for Q1 FY27 (comprising gross product/service sales of ₹26,794.47 crore and other operating revenue of ₹148.76 crore), surging from ₹21,069.81 crore in Q1 FY26.

Total Income: Stood at ₹27,588.56 crore including other income of ₹645.33 crore.

Total Expenses: Stood at ₹22,829.15 crore, driven by cost of materials consumed (₹6,826.87 crore), excise duty (₹10,035.63 crore), purchases of stock-in-trade (₹2,905.17 crore), employee benefits (₹978.63 crore), and other operational expenses (₹2,792.71 crore).

Profit Before Tax (PBT): Standalone PBT was recorded at ₹4,759.41 crore.

Profit After Tax (PAT): Standalone net profit for the quarter stood at ₹3,578.82 crore after accounting for total tax expense of ₹1,180.59 crore.

Total Comprehensive Income: Came in at ₹4,021.93 crore.

Standalone EPS: Basic and diluted EPS stood at ₹2.86 per share.

Consolidated Segment-Wise Performance

1. Fast Moving Consumer Goods (FMCG)

FMCG - Cigarettes: Gross segment revenue surged to ₹16,596.67 crore in Q1 FY27 compared to ₹9,553.86 crore in Q1 FY26. Segment results were recorded at ₹3,769.11 crore.

FMCG - Others: Gross segment revenue grew to ₹6,687.90 crore from ₹5,800.44 crore in the corresponding prior-year period. Segment results improved to ₹484.97 crore compared to ₹399.03 crore in Q1 FY26.

Total FMCG Segment Revenue: Reached ₹23,284.57 crore with combined segment results of ₹4,254.08 crore.

2. Agri Business

Segment Revenue: Posted revenue of ₹8,137.81 crore for Q1 FY27 compared to ₹9,723.84 crore in Q1 FY26 and ₹3,166.65 crore in Q4 FY26.

Segment Results: Registered at ₹359.54 crore for the quarter.

3. Paperboards, Paper & Packaging

Segment Revenue: Rose to ₹2,310.27 crore from ₹2,116.62 crore in Q1 FY26.

Segment Results: Increased to ₹216.81 crore compared to ₹151.40 crore in the prior-year period.

4. Others Segment

Segment Revenue: Generated revenue of ₹1,379.50 crore compared to ₹1,182.59 crore in Q1 FY26.

Segment Results: Recorded at ₹165.26 crore vs. ₹154.88 crore in Q1 FY26.

Balance Sheet & Asset Base Overview

As of June 30, 2026, ITC Limited's consolidated asset base continued to expand across operational and corporate domains:

Segment Assets: Total consolidated segment assets rose to ₹54,867.60 crore (with FMCG at ₹32,627.16 crore, Agri Business at ₹8,856.85 crore, Paperboards/Packaging at ₹10,144.81 crore, and Others at ₹3,238.78 crore).

Total Consolidated Assets: Stood at ₹102,363.26 crore including unallocated corporate assets of ₹47,495.66 crore.

Total Consolidated Liabilities: Stood at ₹24,566.88 crore, comprising segment liabilities of ₹18,509.49 crore and unallocated corporate liabilities of ₹6,057.39 crore.

Equity Capital: Paid-up equity share capital remained stable at ₹1,252.95 crore (comprising ordinary shares of ₹1/- face value each). Standalone reserves excluding revaluation reserves stood at ₹68,675.66 crore as of March 31, 2026, while consolidated reserves stood at ₹71,254.35 crore.

Shares of ITC Limited was last trading in BSE at Rs. 280.95 as compared to the previous close of Rs. 285.25. The total number of shares traded during the day was 1144177 in over 20474 trades.

The stock hit an intraday high of Rs. 285.90 and intraday low of 280.10. The net turnover during the day was Rs. 322500491.00.

Source : Equity Bulls

Keywords

ITC INE154A01025 Q1FY27 Q1FY2027 ResultUpdate