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The unaudited Consolidated Financial Results, Segment Results, Balance Sheet and Statement of Cash Flows were reviewed by the Audit Committee, and approved by the Board of Directors of the Company at its meeting held on 2nd November, 2026. <br /> <br /> 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'. <br /> <br /> 3. 10,48,850 Ordinary Shares of Re. 1/- each were issued and allotted under the Company's Employee Stock Option Schemes during the quarter ended 30th September, 2026. Consequently, the issued and paid-up Share Capital of the Company stands increased to Rs. 1253,05,17,081/- as on 30th September, 2026. <br /> <br /> 4. The Group on 1st August, 2026 completed acquisition of the pulp and paper business of Aditya Birla Real Estate Limited, operated under the name of 'Century Pulp and Paper', along with the assets, liabilities, contracts, employees etc., as a going concern on a slump sale basis, in accordance with the Business Transfer Agreement dated 31st March, 2025. <br /> <br /> The fair value of assets and liabilities of 'Century Pulp and Paper' have been provisionally determined and recorded in accordance with Ind AS 103 - 'Business Combinations'. Accordingly, the financial results of the Company and 'Paperboards, Paper & Packaging' segment include those of 'Century Pulp and Paper' from 1st August, 2026 and consequently are not comparable with previous periods. <br /> <br /> 5. Sproutlife Foods Private Limited ('Sproutlife') became a subsidiary of the Company with effect from 1st April, 2026, consequent to the Company acquiring the right to nominate majority of Directors on its Board. <br /> <br /> In accordance with Ind AS 103 - Business Combinations, the Group has re-measured its existing interest in Sproutlife at fair value. <br /> <br /> The fair values of assets and liabilities of Sproutlife have been provisionally determined and recorded in accordance with Ind AS 103 - Business Combinations and have been reflected in 'FMCG - Others' segment. The financial results of the Group and 'FMCG-Others' segment include those of Sproutlife with effect from 1st April, 2026. Accordingly, results of the quarter and six months ended 30th September, 2026 are not comparable with previous periods. <br /> <br /> The Company on 28th September, 2026 acquired additional 13,445 Equity Shares of Rs. 10/- each of Sproutlife, consequent to which Sproutlife became a wholly owned subsidiary of the Company with effect from the said date. <br /> <br /> Further, the Board of Directors of the Company at the meeting held today i.e. 2nd November, 2026 has approved, subject to necessary approvals, the Scheme of Amalgamation of Sproutlife Foods Private Limited, with the Company under Sections 230 and 232 of the Companies Act, 2013. <br /> <br /> 6. Exceptional Items for the six months ended 30th September, 2026 of Rs. 380.22 Crores represents : <br /> <br /> a) expenses of Rs. 25.66 crores during the quarter ended 30th September, 2026 incurred in relation to the acquisition of the pulp and paper business of Aditya Birla Real Estate Limited, operated under the name of 'Century Pulp and Paper' (Refer Note 4 above). <br /> <br /> b) gain of Rs. 405.88 crores during the quarter ended 30th June, 2026 on remeasurement of existing interest in Sproutlife at fair value in accordance with Ind AS 103 - Business Combinations (Refer Note 5 above). <br /> <br /> Exceptional Items for the quarter and six months ended 30th September, 2025 of Rs. 88.08 crores represent 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. <br /> <br /> 7. Consequent to expiry of the GST Compensation Cess, the Government of India increased GST and Central Excise duty on cigarettes with effect from 1st February, 2026. In accordance with Ind AS 115 - Revenue from Contracts with Customers and Schedule III to the Companies Act, 2013, GST and GST Compensation Cess are excluded from Gross Revenue from sale of products, whereas Excise duty is not excluded. Consequently, Gross Revenue from sale of products and services and Excise duty for the quarters ended 30th September, 2026, 30th June, 2026 and six months ended 30th September, 2026 reflect the impact of sharp increase in Excise duty and are not strictly comparable with those of the previous periods. <br /> <br /> 8. This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. <br /> 2026-04-012026-09-30UnauditedConsolidated6010170000001163070000061264770000014711160000045325400000-11380300000376353000007805000009183300000274068100000502723900000109923800000380220000011372600000027684700000488800000281735000000855525000000001828700000873812000002326200000897074000008562530000017559000008795570000017517000001253050000016.836.83006.836.83Excise Duty103097700000Other Expenses35223700000Excise Duty207187000000Other Expenses6688110000020010380000019242600000300240000015146500000426722000001212400000051502900000747513000000366000001133700000759216000001483700000190199000004293080000002297537000001750981000004753790000083462000003178370000073800000200919000002829316000000215619000005342472000000096355520000012530500000701486700000714017200000538270000071939990000060000000000058650000006465000000472250000031855200000043320000043475900000182930000036588000005916750000062826300000225467000008720230000090260900000408060000019135600000020067940000000244155300000963555200000Other non-current financial assets1133700000Right-of-use assets5525300000Other non-current assets12914400000Income Tax Assets (net)580200000Other current financial assets20091900000Biological assets other than bearer plants2835200000Other current assets18726700000Lease Liabilities1702700000Other financial liabilities4162300000Other non-current liabilities433200000Lease Liabilities781800000Other financial liabilities21764900000Other current liabilities90260900000FMCG - Cigarettes162371100000FMCG - Others72183600000Agri Business45506000000Paperboards, Paper & Packaging30174500000Others14498700000FMCG - Cigarettes328337800000FMCG - Others139062600000Agri Business126884100000Paperboards, Paper & Packaging53277200000Others282937000003247339000006758554000002042380000077447100000304310100000598408300000FMCG - Cigarettes40444900000FMCG - Others5766900000Agri Business5184100000Paperboards, Paper & Packaging2733200000Others1761000000FMCG - Cigarettes78136000000FMCG - Others10616600000Agri Business8779500000Paperboards, Paper & Packaging4901300000Others341360000055890100000105847000000382700000780500000-1438800000-1048820000056946200000115554700000FMCG - Cigarettes143762400000FMCG - Others179972100000Agri Business82558900000Paperboards, Paper & Packaging142656500000Others32782500000581732400000381822800000963555200000FMCG - Cigarettes98330100000FMCG - Others35556800000Agri Business14115100000Paperboards, Paper & Packaging23021900000Others12827000000183850900000603044000002441553000001. ‘Revenue from operations’ should be read as ‘Gross Revenue from sale of products and services’. <br /> <br /> 2. ‘Other Unallocable Expenditure net off Unallocable income’ should be read as ‘Other un-allocable (income) net of un-allocable expenditure (Refer Note)’. <br /> <br /> 3. In case of 3 months ended 30.09.2026, ‘Other Unallocable Expenditure net off Unallocable income’ includes ‘Other un-allocable (income) net of un-allocable expenditure (Refer Note)’ of Rs. (72.58) Crores, Exceptional Items* of Rs. 25.66 Crores and Share of Profit / (Loss) of associates and joint ventures of Rs. 96.96 Crores. <br /> <br /> 4. In case of 6 months ended 30.09.2026, ‘Other Unallocable Expenditure net off Unallocable income’ includes ‘Other un-allocable (income) net of un-allocable expenditure (Refer Note)’ of Rs. (485.73) Crores, Exceptional Items* of Rs. (380.22) Crores and Share of Profit / (Loss) of associates and joint ventures of Rs. 182.87 Crores. <br /> <br /> * Refer Note 6 to the Consolidated Financial Results. <br /> <br /> Note: As stock options and stock appreciation rights 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. <br /> 780500000-38569300000-68896000000000004016720000000091833000003000000000-136000001514000005537900000615900000-939980000000010465000000-876790000010495810000000021328400000083629700000005585350000004715384000000000244800000108598000000000000000000266000006720000000128070000061420000000-44926600000389183000000019950000000000689700000203340000004002000001002620000006554000000389500000-12037290000021751000000217510000061883000008363400000Items that will not be reclassified to profit or loss-1708100000-1708100000Items that will not be reclassified to profit or loss29611000002961100000-213800000429600000Items that will be reclassified to profit or loss109600000109600000Items that will be reclassified to profit or loss-84700000-84700000-53800000120600000-13309000002326200000