ITC Q2 Results: ITC Ltd announced its July to September quarter results on Thursday, 30 October 2025. The diversified fast-moving consumer goods (FMCG) company recorded a 2.6% rise in its consolidated net profit to ₹5,186 crore for the second quarter of the financial year ending 2025-26, according to its official filing.
Five key takeaways about ITC Q2 Results
1. Drop in revenue from operations
The FMCG giant’s revenue from core operations dropped more than 1% to ₹21,255.86 crore in the second quarter of the financial year 2025-26, compared year-on-year (YoY) with ₹21,536.38 crore in the same quarter of the previous financial year.
Even though the company’s consolidated revenue from core operations dropped on a YoY basis, the company still ended up recording a rise in its July-September quarter net profits.
The company, in its press statement, said that the gross revenues rose 7.1% in the second quarter due to the sales from cigarettes and FMCG, according to the standalone financial data. On a consolidated basis, the company’s operating performance was driven by its subsidiaries, ITC Infotech India and ITC Hotels.
2. Cigarette sales up 6%
The company’s consolidated statements showed that the revenues generated from the cigarette sales jumped 6% YoY to ₹9,414.34 crore in the July to September quarter, compared to ₹8,877.86 crore in the same period a year ago.
“Leaf Tobacco consumption cost remains elevated; moderation in procurement prices witnessed in current crop cycle,” said the company in its official statement.
The company also said that there was strong, sustained performance in the differentiated and premium offerings of the FMCG giant.
3. EBITDA Margin rises to 35.1%
According to the official documents, ITC’s EBITDA margin increased 185 basis points to 35.1% in the July to September quarter when compared YoY with the same period a year ago.
The company highlighted that the adjusted EBITDA witnessed a 16% year-on-year (YoY) rise to ₹429 crore, compared to ₹369 crore.
4. Delisting of shares from Calcutta Stock Exchange
ITC’s board of directors also announced that the shares of the company will be delisted from the Calcutta Stock Exchange, but it will keep trading on the National Stock Exchange and the Bombay Stock Exchange.
“Approved voluntary delisting of the Company’s Ordinary Shares from CSE, pursuant to Regulations 5 and 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021. The Ordinary Shares of the Company will continue to remain listed on the National Stock Exchange of India Limited and BSE Limited, providing nationwide trading facilities,” said the company.
5. Growth momentum amidst operational challenges
ITC said the operational challenges, like excessive rains in many parts of the country and the transition to the new GST regime, posed operational challenges, causing short-term business disruptions.
Other product segments like the Staples, Dairy, Premium Personal Wash & Agarbattis drove growth, while strong performance continues in the premium portfolio and NewGen channels.
The notebooks industry remains impacted on account of low-priced paper imports and opportunistic play by local/regional players, said ITC.
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Key Takeaways
- Revenue from core operations dropped more than 1% to ₹21,255.86 crore.
- EBITDA margin increased 185 basis points to 35.1% in the July to September quarter.
- Shares of the company will be delisted from the Calcutta Stock Exchange.
