Integrated Filing — IndAS



General information about company
Scrip Code 500875
NSE Symbol ITC
MSEI Symbol NOTLISTED
ISIN INE154A01025
Name of company ITC Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 01-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 18-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 01-Aug-2025   14:30:00
End date and time of board meeting 01-Aug-2025   17:05:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 231293500000
Other income 6822100000
Total income 238115600000
2 Expenses
(a) Cost of materials consumed 62383000000
(b) Purchases of stock-in-trade 38941900000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 979900000
(d) Employee benefit expense 16758500000
(e) Finance costs 164700000
(f) Depreciation, depletion and amortisation expense 4229600000
(f) Other Expenses
1 Excise Duty 16345600000 16345600000
2 Other Expenses 27719900000 27719900000
Total other expenses 44065500000
Total expenses 167523100000
3 Total profit before exceptional items and tax 70592500000
4 Exceptional items 0
5 Total profit before tax 70592500000
6 Tax expense
7 Current tax 17385900000
8 Deferred tax 460100000
9 Total tax expenses 17846000000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 52746500000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 687600000
16 Total profit (loss) for period 53434100000
17 Other comprehensive income net of taxes 2140800000
18 Total Comprehensive Income for the period 55574900000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 52442000000
Total profit or loss, attributable to non-controlling interests 992100000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 54582800000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 992100000
21 Details of equity share capital
Paid-up equity share capital 12517500000
Face value of equity share capital 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.19
Diluted earnings (loss) per share from continuing operations 4.18
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 4.19
Diluted earnings (loss) per share from continuing and discontinued operations 4.18
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. ‘Revenue from operations’ includes ‘Gross Revenue from sale of products and services’ and ‘Other operating revenue’. n n2. ‘Purchase of stock-in-trade’ should be read as ‘Purchase of Stock-in-Trade and Biological Assets’. n n3. ‘Changes in inventories of finished goods, work-in-progress and stock-in-trade’ should be read as ‘Changes in inventories of finished goods, Stock-in-Trade, work-in-progress, intermediates and Biological Assets’. n n4. ‘Depreciation, depletion and amortisation expense’ should be read as ‘Depreciation and amortization expense’. n nNOTES TO STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2025 n n1. The unaudited Consolidated Financial Results and Segment Results were reviewed by the Audit Committee, and approved by the Board of Directors of the Company at its meeting held on 1st August, 2025. n n2. The continuing significant brand building costs covering a range of personal care and branded packaged food products are reflected under 'Other expenses' stated above and in Segment Results under 'FMCG-Others'. n n3. 34,22,360 Ordinary Shares of Re. 1/- each were issued and allotted under the Company’s Employee Stock Option Schemes during the quarter ended 30th June, 2025. Consequently, the issued and paid-up Share Capital of the Company stands increased to nRs. 1251,75,42,141/- as on 30th June, 2025. n n4. The Group on 21st May, 2025 acquired 594 Equity Shares of Rs. 10/- each and 2,201 Compulsorily Convertible Preference Shares of Rs. 10/- each of Mother Sparsh Baby Care Private Limited (Mother Sparsh), an associate company, consequent to which the Group’s shareholding in Mother Sparsh aggregated 39.47% of its share capital on a fully diluted basis. n n5. The Group on 13th June, 2025 acquired the entire share capital of Sresta Natural Bioproducts Private Limited (SNBPL), consequent to which SNBPL became a wholly owned subsidiary of the Company and its subsidiaries viz., Fyve Elements LLC, USA and Sresta Global FZE, UAE, became step-down wholly owned subsidiaries of the Company with effect from the said date. n nThe fair values of assets and liabilities acquired have been provisionally determined and recorded in accordance with Ind AS 103 on ‘Business Combinations’ and have been reflected in ‘FMCG – Others’ segment. Accordingly, financial results of the Group and ‘FMCG-Others’ segment for the quarter ended 30th June, 2025 include those of SNBPL and its subsidiaries from 13th June, 2025 and hence are not comparable with previous periods. n n6. The Board of Directors of the Company at the meeting held today i.e. 1st August, 2025 has approved, subject to necessary approvals, the Scheme of Amalgamation of Sresta Natural Bioproducts Private Limited and Wimco Limited, wholly owned subsidiaries, with the Company under Sections 230 and 232 of the Companies Act, 2013. n n7. Discontinued Operations represents operations of the Hotels Business of the Group (excluding ITC Grand Central, Mumbai) which was demerged pursuant to the Scheme of Arrangement amongst the Company and ITC Hotels Limited and their respective shareholders and creditors under Sections 230 to 232 read with the other applicable provisions of the Companies Act, 2013 (‘the Scheme’) w.e.f. 1st January, 2025, being the Appointed Date and the Effective Date of the Scheme. Comparative information has been presented accordingly. n nBrief particulars of the Discontinued Operations are given as under (Rs. in Crores): n nSr. No. - Particulars - 3 Months ended 30.06.2025 (Unaudited) - Corresponding 3 Months ended 30.06.2024 (Unaudited) - Preceding 3 Months ended 31.12.2025 (Audited) - Twelve Months ended 31.03.2025 (Audited) n na - Revenue from Operations - 0 - 700.40 - 0 - 2484.58 nb - Total Income - 0 - 712.58 - 0 - 2517.16 nc - Total Expenses - 0 - 593.91 - 0 - 2002.67 nd – Share of Profit / (Loss) of Associates and Joint Ventures - 0 - 3.85 - 0 - 11.35 ne - Profit Before Exceptional Items and Tax (b-c+d) - 0 - 122.52 - 0 - 525.84 nf - Exceptional Items - 0 - (3.04) - 15145.18 - 15128.81 ng - Tax Expenses - 0 - 34.81 - 492.57 - 638.64 nh - Profit from Discontinued Operations (e+f-g) - 0 - 84.67 - 14652.61 - 15016.01 n n8. This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 FMCG - Cigarettes 95538600000 95538600000
2 FMCG - Others 58004400000 58004400000
3 Agri Business 97238400000 97238400000
4 Paperboards, Paper & Packaging 21166200000 21166200000
5 Others 11825900000 11825900000
Total Segment Revenue 283773500000
Less: Inter segment revenue 53698600000 53698600000
Revenue from operations 230074900000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 FMCG - Cigarettes 54989300000 54989300000
2 FMCG - Others 3990300000 3990300000
3 Agri Business 4346700000 4346700000
4 Paperboards, Paper & Packaging 1514000000 1514000000
5 Others 1548800000 1548800000
Total Profit before tax 66389100000
i. Finance cost 164700000 164700000
ii. Other Unallocable Expenditure net off Unallocable income -5055700000 -5055700000
Profit before tax 71280100000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 FMCG - Cigarettes 106084600000 106084600000
2 FMCG - Others 167240600000 167240600000
3 Agri Business 102602900000 102602900000
4 Paperboards, Paper & Packaging 100220500000 100220500000
5 Others 31214000000 31214000000
Total Segment Asset 507362600000 507362600000
Un-allocable Assets 444283500000 444283500000
Net Segment Asset 951646100000 951646100000
4 Segment Liabilities
Segment Liabilities
1 FMCG - Cigarettes 62160200000 62160200000
2 FMCG - Others 26826600000 26826600000
3 Agri Business 17154100000 17154100000
4 Paperboards, Paper & Packaging 13784500000 13784500000
5 Others 10826100000 10826100000
Total Segment Liabilities 130751500000 130751500000
Un-allocable Liabilities 60075800000 60075800000
Net Segment Liabilities 190827300000 190827300000
Disclosure of notes on segments Textual Information(2)



Text Block
Textual Information(2) 1. ‘Revenue from operations’ should be read as ‘Gross Revenue from sale of products and services’. n n2. ‘Other Unallocable Expenditure net off Unallocable income’ should be read as ‘Other un-allocable (income) net of un-allocable expenditure (Refer Note)’. n n3. In case of 3 months ended 30.06.2025, ‘Other Unallocable Expenditure net off Unallocable income’ includes ‘Other un-allocable (income) net of un-allocable expenditure (Refer Note)’ of Rs. (436.81) Crores, and ‘Share of Profit / (Loss) of associates and joint ventures’ of Rs. 68.76 Crores. n n4. In case of 3 months ended 30.06.2025, ‘Un-allocable Assets’ includes Nil ‘Discontinued Operations*’ and ‘Unallocated Corporate Assets’ of Rs. 44428.35 Crores. n n5. In case of 3 months ended 30.06.2025, ‘Un-allocable Liabilities’ includes Nil ‘Discontinued Operations*’ and ‘Unallocated Corporate Liabilities’ of Rs. 6007.58 Crores. n n* Refer note 7 to the Consolidated Financial Results. n nNote: As stock options and stock appreciation linked reward units are granted to align the interests of employees with those of shareholders and also to attract and retain talent for the Group as a whole, the charge thereof do not form part of the segment performance reviewed by the Corporate Management Committee. n



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss 1870100000 1870100000
Total Amount of items that will not be reclassified to profit and loss 1870100000
2 Income tax relating to items that will not be reclassified to profit or loss 271900000
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit or loss 625300000 625300000
Total Amount of items that will be reclassified to profit and loss 625300000
4 Income tax relating to items that will be reclassified to profit or loss 82700000
5 Total Other comprehensive income 2140800000