ITC profit flat, stays resilient

Revenue up 7% on strong FMCG, cigarette sales

- VIVEAT SUSAN PINTO

FMCG MAJOR ITC'S December quarter (Q3FY26) consolidated net profit stood at €4,931 crore, nearly flat compared to 4,935 crore reported in the year-ago period.The profit after tax (PAT) is attributable to the owners of the parent.

On a quarter-on-quarter (Q-o-Q) basis, profit declined 3.8% from %5,126 crore in Q2FY26 due to higher raw material costs and a onetime charge tied to the implementation of new labour codes.

The firm's consolidated revenue from operations stood at $21,707 crore in Q3, up nearly 7% over sus *20,350 crore posted in the corresponding period of the last financial year. Sequentially, revenue increased 2.8% from Rs 21,256 crore reported in Q2. While ITC's Q3 profit was below street estimates of Rs 5,232 crore, revenue was higher than analysts’ estimates of 19,030 crore for the period.