ITC Q4 Results: Profit at Rs 5,113 crore, Cigarette EBIT jumps; Rs 8 dividend announced

ITC Q4FY26 Results: ITC Limited reported its Q4 FY26 results on Thursday, posting a consolidated net profit of Rs 5,113 crore for the quarter ended March 2026.

Revenue from operations stood at Rs 16,051 crore during the reporting quarter.

Revenue misses Zee Business estimates

The company’s revenue came in below Zee Business Research estimates. Revenue was reported at Rs 16,051 crore against estimates of Rs 18,348 crore, marking a miss of nearly 12.5 per cent.

However, profitability remained relatively stable during the quarter despite weakness in certain segments.

EBITDA beats estimates, margins improve

EBITDA for the quarter stood at Rs 6,130 crore, compared to Zee Business Research estimates of Rs 5,986 crore, reflecting an upside of around 2.4 per cent.

EBITDA margin came in at 33.8 per cent, higher than the estimated 32.6 per cent, indicating better operational efficiency during the quarter.

Profit after tax (PAT) from continuing operations stood at Rs 4,950 crore, compared to estimates of Rs 4,875 crore, up around 1.5 per cent.

However, the FMCG major reported a 73.86 per cent decline in net profit from Rs 19,561.79 crore in the year-ago quarter, which included gains from discontinued operations majorly coming in from the demerger of its hotel business.

Cigarette business remains earnings driver

The cigarette segment continued to support the company’s profitability. EBIT from the cigarette business rose 7 per cent year-on-year to Rs 5,488 crore.

The segment remained the largest contributor to earnings, supported by stable demand and continued strength in the core portfolio.

Agri business under pressure

The agri business segment remained weak during the quarter, with revenue declining 16 per cent year-on-year to Rs 3,075 crore.

The decline reflects softer trading opportunities and continued volatility in commodity-linked businesses.

Other income declines YoY

Other income for Q4 FY26 stood at Rs 653 crore, compared to Rs 795 crore in the corresponding quarter last year.

Despite weakness in agri operations and lower other income, the company’s overall operational performance remained supported by margin expansion and strength in cigarettes.