ITC Q1 Beats Estimates on Robust Cigarettes, Agri Biz

Cigarette-to-soap conglomerate ITC on Friday reported a 3 per cent year-on-year (Y-o-Y) increase in consolidated net profit (attributable to owners of the company) to ₹5,244.20 crore in the first quarter of 2025-26 (Q1FY26), largely led by cigarettes and agricultural businesses.

- ISHITA AYAN DUTT

In the year-ago period, its net profit was at ₹5,091.59 crore.

The company reported consolidated gross revenue of ₹23,129 crore for Q1FY26, up by 19.53 per cent compared to ₹19,350 crore a year ago.

The net revenue at ₹21,495 crore came in higher than the Bloomberg consensus estimate of ₹18,753.8 crore. The estimate for profit was ₹5,113.5 crore.

Sequentially, gross revenue was up 13.51 per cent from ₹20,376 crore. The profit in the previous quarter was at ₹19,727 crore, which included an exceptional gain from an accounting entry related to the demerger of its hotels business, which became effective from January 1, 2025.

ITC described the performance as "resilient" amid a challenging operating environment. Group companies ITC Infotech, Surya Nepal and ITC Hotels also contributed to the consolidated performance.