| 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 | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 29-01-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 15-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third 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 | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 29-01-2026 13:10:00 |
| End date and time of board meeting | 29-01-2026 18:25:00 |
| 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 |
| 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 | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 21,70,664.00 | 66,09,185.00 | |
| Other income | 57,404.00 | 1,84,065.00 | |
| Total income | 22,28,068.00 | 67,93,250.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 6,79,655.00 | 19,61,230.00 |
| (b) | Purchases of stock-in-trade | 1,54,738.00 | 7,00,728.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 7,371.00 | 16,996.00 |
| (d) | Employee benefit expense | 1,70,406.00 | 5,03,440.00 |
| (e) | Finance costs | 1,947.00 | 5,599.00 |
| (f) | Depreciation, depletion and amortisation expense | 43,082.00 | 1,28,858.00 |
| (f) | Other Expenses | ||
| 1 | Excise Duty | 1,65,934.00 | 5,04,813.00 |
| 2 | Other Expenses | 3,04,308.00 | 8,82,610.00 |
| Total other expenses | 4,70,242.00 | 13,87,423.00 | |
| Total expenses | 15,27,441.00 | 47,04,274.00 | |
| 3 | Total profit before exceptional items and tax | 7,00,627.00 | 20,88,976.00 |
| 4 | Exceptional items | (35,458.00) | (26,650.00) |
| 5 | Total profit before tax | 6,65,169.00 | 20,62,326.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,09,898.00 | 4,60,697.00 |
| 8 | Deferred tax | 63,665.00 | 70,539.00 |
| 9 | Total tax expenses | 1,73,563.00 | 5,31,236.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 4,91,606.00 | 15,31,090.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 10,239.00 | 23,751.00 |
| 16 | Total profit (loss) for period | 5,01,845.00 | 15,54,841.00 |
| 17 | Other comprehensive income net of taxes | 6,942.00 | 14,852.00 |
| 18 | Total Comprehensive Income for the period | 5,08,787.00 | 15,69,693.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 4,93,119.00 | 15,30,150.00 | |
| Total profit or loss, attributable to non-controlling interests | 8,726.00 | 24,691.00 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 5,00,061.00 | 15,45,133.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 8,726.00 | 24,560.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,25,290.00 | 1,25,290.00 | |
| Face value of equity share capital | 1 | 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 | 3.94 | 12.22 | |
| Diluted earnings (loss) per share from continuing operations | 3.94 | 12.21 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 3.94 | 12.22 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 3.94 | 12.21 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. ‘Revenue from operations’ includes ‘Gross Revenue from sale of products and services’ and ‘Other operating revenue’. 2. ‘Purchase of stock-in-trade’ should be read as ‘Purchase of Stock-in-Trade and Biological Assets’. 3. ‘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’. 4. ‘Depreciation, depletion and amortisation expense’ should be read as ‘Depreciation and amortization expense’. NOTES TO STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2025 1. 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 29th January, 2026. 2. 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'. 3. 18,29,340 Ordinary Shares of Re. 1/- each were issued and allotted under the Company’s Employee Stock Option Schemes during the quarter ended 31st December, 2025. Consequently, the issued and paid-up Share Capital of the Company stands increased to Rs. 1252,89,59,771/- as on 31st December, 2025. 4. Exceptional Items of Continuing Operations for the nine months ended 31st December, 2025 of Rs. 266.50 Crores represents : a) estimated one-time impact on recognition of past service cost of Rs. 354.58 Crores during the quarter ended 31st December, 2025 with respect to increase in liability of gratuity and compensated absences, primarily arising due to change in definition of wages pursuant to notifications issued by the Ministry of Labour & Employment dated 21st November, 2025 bringing into force the provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the “New Labour Codes”). The Group continues to monitor the finalisation of rules by the Central and State Governments and clarifications from the Government on other aspects of the New Labour Codes and will account for such developments as needed. b) receipt of Rs. 88.08 Crores during the quarter ended 30th September, 2025 on final settlement of the insurance claim towards leaf tobacco stocks, which were destroyed due to fire at a third party owned warehouse in an earlier year. 5. 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. Brief particulars of the Discontinued Operations are given as under (Rs. in Crores): Sr. No. - Particulars - 3 Months ended 31.12.2025 (Unaudited) - Corresponding 3 Months ended 31.12.2024 (Unaudited) - Preceding 3 Months ended 30.09.2025 (Unaudited) - 9 Months ended 31.12.2025 (Unaudited) - 9 Months ended 31.12.2024 (Unaudited) – Twelve Months ended 31.03.2025 (Audited) a - Revenue from Operations - 0 – 1013.28 - 0 – 0 - 2484.58 - 2484.58 b - Total Income - 0 – 1028.45 – 0 – 0 – 2517.16 - 2517.16 c - Total Expenses - 0 – 741.57 – 0 – 0 – 2002.67 - 2002.67 d - Share of Profit / (Loss) of Associates and Joint Ventures - 0 – 3.53 – 0 – 0 – 11.35 - 11.35 e - Profit Before Exceptional Items and Tax (b-c+d) - 0 – 290.41 – 0 – 0 – 525.84 - 525.84 f - Exceptional Items - 0 – (12.18) – 0 – 0 – (16.37) - 15128.81 g - Tax Expenses - 0 – 74.79 – 0 – 0 – 146.07 - 638.64 h - Profit from Discontinued Operations (e+f-g) - 0 – 203.44 – 0 – 0 – 363.40 - 15016.01 6. The amalgamation of Sresta Natural Bioproducts Private Limited (SNBPL) and Wimco Limited, wholly owned subsidiaries, with the Company was approved by the Board of Directors on 1st August, 2025. Necessary petitions seeking sanction of the National Company Law Tribunal, Kolkata and Hyderabad Benches, to the said amalgamation have been filed and is pending approval. The fair values of assets and liabilities on acquisition of SNBPL and its subsidiaries Fyve Elements LLC, USA and Sresta Global FZE, UAE have been provisionally determined and recorded in accordance with Ind AS 103 on 'Business Combinations' and are reflected in 'FMCG-Others' segment. The financial results of the Group and 'FMCG-Others' segment include those of SNBPL and its subsidiaries with effect from 13th June, 2025. Accordingly, results of the quarter and nine months ended 31st December, 2025 are not comparable with previous periods. 7. Prag Agro Farm Limited has ceased to be a wholly owned subsidiary of the Company with effect from 10th December, 2025, consequent to its voluntary liquidation. 8. The Board of Directors of the Company have declared an Interim Dividend of Rs. 6.50 per Ordinary Share of Re. 1/- each (2025 – Rs. 6.50 per Ordinary Share). The Record Date fixed for the purpose of determining entitlement of the Members for the Interim Dividend is Wednesday, 4th February, 2026 and such Dividend will be paid between Thursday, 26th February, 2026 and Saturday, 28th February, 2026 to those Members entitled thereto. 9. This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |
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| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| 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 | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | FMCG - Cigarettes | 9,68,108.00 | 28,64,928.00 | ||||
| 2 | FMCG - Others | 6,10,958.00 | 17,96,914.00 | ||||
| 3 | Agri Business | 3,85,904.00 | 17,62,068.00 | ||||
| 4 | Paperboards, Paper & Packaging | 2,20,303.00 | 6,53,997.00 | ||||
| 5 | Others | 1,30,376.00 | 3,73,097.00 | ||||
| Total Segment Revenue | 23,15,649.00 | 74,51,004.00 | |||||
| Less: Inter segment revenue | 1,57,891.00 | 8,87,752.00 | |||||
| Revenue from operations | 21,57,758.00 | 65,63,252.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | FMCG - Cigarettes | 5,48,729.00 | 16,44,832.00 | ||||
| 2 | FMCG - Others | 44,829.00 | 1,28,604.00 | ||||
| 3 | Agri Business | 49,585.00 | 1,38,413.00 | ||||
| 4 | Paperboards, Paper & Packaging | 18,877.00 | 52,156.00 | ||||
| 5 | Others | 18,788.00 | 52,541.00 | ||||
| Total Profit before tax | 6,80,808.00 | 20,16,546.00 | |||||
| i. Finance cost | 1,947.00 | 5,599.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 3,453.00 | (75,130.00) | |||||
| Profit before tax | 6,75,408.00 | 20,86,077.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | FMCG - Cigarettes | 11,22,841.00 | 11,22,841.00 | ||||
| 2 | FMCG - Others | 14,28,201.00 | 14,28,201.00 | ||||
| 3 | Agri Business | 8,34,707.00 | 8,34,707.00 | ||||
| 4 | Paperboards, Paper & Packaging | 10,00,932.00 | 10,00,932.00 | ||||
| 5 | Others | 3,09,916.00 | 3,09,916.00 | ||||
| Total Segment Asset | 46,96,597.00 | 46,96,597.00 | |||||
| Un-allocable Assets | 50,17,917.00 | 50,17,917.00 | |||||
| Net Segment Asset | 97,14,514.00 | 97,14,514.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | FMCG - Cigarettes | 7,33,133.00 | 7,33,133.00 | ||||
| 2 | FMCG - Others | 2,99,535.00 | 2,99,535.00 | ||||
| 3 | Agri Business | 1,66,664.00 | 1,66,664.00 | ||||
| 4 | Paperboards, Paper & Packaging | 1,38,896.00 | 1,38,896.00 | ||||
| 5 | Others | 1,17,667.00 | 1,17,667.00 | ||||
| Total Segment Liabilities | 14,55,895.00 | 14,55,895.00 | |||||
| Un-allocable Liabilities | 6,27,961.00 | 6,27,961.00 | |||||
| Net Segment Liabilities | 20,83,856.00 | 20,83,856.00 | |||||
| Disclosure of notes on segments | Textual Information(2) | ||||||
| Textual Information(2) | 1. ‘Revenue from operations’ should be read as ‘Gross Revenue from sale of products and services’. 2. ‘Other Unallocable Expenditure net off Unallocable income’ should be read as ‘Other un-allocable (income) net of un-allocable expenditure (Refer Note)’. 3. In case of 3 months ended 31.12.2025, ‘Other Unallocable Expenditure net off Unallocable income’ includes ‘Other un-allocable (income) net of un-allocable expenditure (Refer Note)’ of Rs. (217.66) Crores, Exceptional Items* of Rs. 354.58 Crores and Share of Profit / (Loss) of associates and joint ventures of Rs. 102.39 Crores. 4. In case of 9 months ended 31.12.2025, ‘Other Unallocable Expenditure net off Unallocable income’ includes ‘Other un-allocable (income) net of un-allocable expenditure (Refer Note)’ of Rs. (780.29) Crores, Exceptional Items* of Rs. 266.50 Crores and Share of Profit / (Loss) of associates and joint ventures of Rs. 237.51 Crores. 5. In case of 3 months ended 31.12.2025 and 9 months ended 31.12.2025, ‘Un-allocable Assets’ includes Nil ‘Discontinued Operations**’ and ‘Unallocated Corporate Assets’ of Rs. 50179.17 Crores. 6. In case of 3 months ended 31.12.2025 and 9 months ended 31.12.2025, ‘Un-allocable Liabilities’ includes Nil ‘Discontinued Operations**’ and ‘Unallocated Corporate Liabilities’ of Rs. 6279.61 Crores. * Refer note 4 to the Consolidated Financial Results. ** Refer note 5 to the Consolidated Financial Results. Note: 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. |
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| 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 | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | 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 | 6,421.00 | 14,653.00 |
| Total Amount of items that will not be reclassified to profit and loss | 6,421.00 | 14,653.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 878.00 | 2,172.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Items that will be reclassified to profit or loss | 1,986.00 | 248.00 |
| Total Amount of items that will be reclassified to profit and loss | 1,986.00 | 248.00 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 587.00 | (2,123.00) |
| 5 | Total Other comprehensive income | 6,942.00 | 14,852.00 |