ITC Q4 results 2026: Profit falls 72% YoY to ₹5,470 crore on a high base from Q4FY25 one-time gain

ITC Q4 results 2026: FMCG major ITC on Thursday, 21 May, reported a sharp 72.4% year-on-year (YoY) drop in the consolidated profit to ₹5,469.74 crore for the March quarter of the financial year 2026 (Q4FY26). In the corresponding quarter of the previous financial year, ITC's profit was ₹19,807.88 crore.

The sharp YoY fall in consolidated profit is because ITC had recorded a one-time gain of ₹15,179 crore in Q4FY25 following the demerger of its hotels business.

Sequentially, or on a quarter-on-quarter (QoQ) basis, ITC's profit climbed by 9% in Q4FY26. In Q3FY26, the company's profit was ₹5,018.45 crore.

However, consolidated profit from continuing operations rose by 6% YoY and 9% QoQ to ₹5,469.74 crore from ₹5,155.27 crore in the same quarter last year and ₹5,018.45 crore in Q3FY26.

ITC's consolidated revenue from operations for the quarter under review stood at ₹23,821.48 crore, up nearly 17% YoY and about 10% QoQ.

In Q3FY26, ITC's revenue was ₹21,706.64 crore, while in Q4FY25, it was ₹20,376.36 crore.

For the full financial year 2026, ITC's consolidated profit fell by 40% to ₹21,018.15 crore from ₹35,052.48 crore in FY25. Revenue from operations for FY26 was ₹89,913.33 crore, up 10.2% from ₹81,612.78 crore in FY25.

ITC said its consolidated EBITDA rose by 6.9% YoY in Q4, while for the year, it increased by 5.4% YoY.

FMCG-Others segment clocks healthy growth

As per the company, the FMCG segment's Q4 revenue grew by 15% YoY to ₹6,303.73 crore, while EBITDA margin jumped by 200 bps YoY to 11%.

The segment saw strong growth across categories such as staples, biscuits, snacks, noodles, dairy, premium personal wash, home care, and agarbatti.

ITC said the digital-first and organic portfolio continues witnessing robust growth momentum, as the portfolio clocked a 60% YoY growth, with the annual revenue run rate clocking over ₹1,350 crore.

Cigarettes maintain healthy revenue growth

ITC's cigarettes segment revenue rose by nearly 32% YoY to ₹11,066.02 crore, maintaining volume-led growth despite an increase in taxes on cigarettes effective from 1 February 2026. The segment saw Strong performance till January 2026, driven by strategic portfolio and market interventions.

"The business continues to make strategic portfolio and market interventions, with focus on competitive belts and to counter illicit trade and reinforce market standing," said the company.

Dividend

ITC's board of directors recommended a final dividend of ₹8 per share for the financial year 2026.

The record date for dividend eligibility is Wednesday, 27 May, while the dividend will be paid between Friday, 24 July 2026, and Wednesday, 29 July 2026.

Together with the interim dividend of ₹6.50 per share paid on 27 February 2026, the total dividend for the financial year amounts to ₹14.50 per share compared to the dividend of ₹14.35 per share for FY25.

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