Synopsis: Giant-cap FMCG firm’s shares are in focus immediately after analysing income phase sensible.
The most important cigarette producer and vendor within the nation is within the highlight after analysing which phase contributes extra income and revenue to the corporate. Learn the article under for detailed insights.
With a market capitalization of Rs. 5,06,625.76 crore, the shares of ITC Restricted closed at Rs. 404.40 on Friday, down by 0.76 % from its earlier closing value of Rs. 407.50 per fairness share.
Main Income-Contributing Section of ITC
The corporate reported a gross income of Rs. 22,976.20 crore (together with excise responsibility). After deducting inter-segment income of Rs. 1,928.75 crore, the income stands at Rs. 21,047.45 crore.
The Cigarettes phase remained the most important contributor with Rs. 9,414.34 crore, accounting for 41.0 % of gross income, adopted by Different FMCG merchandise at Rs. 6,059.12 crore (26.3 %). The Agri-Enterprise phase generated Rs. 4,037.80 crore (17.6 %), whereas Paperboards, Paper & Packaging contributed Rs. 2,220.32 crore (9.7 %). The remaining Rs. 1,244.62 crore (5.4 %) got here from different segments, reflecting the corporate’s diversified and balanced enterprise combine throughout a number of verticals.
Q2FY26 Outcomes
ITC Restricted reported Rs. 19,502 crore in income for the second quarter of FY26, a 2.44 % lower over Rs. 19,990 crore for a similar interval in FY25. It decreased by 9.27 % as in comparison with Rs. 21,495 crore in Q1 FY26.
The corporate’s EBITDA for Q2 FY26 stood at Rs. 6,695 crore, down by 1.78 % from Rs. 6,816 crore in Q1 FY26, however inclined by 2.18 % from Rs. 6,552 crore in Q2 FY25.
The consolidated internet revenue for the second quarter of FY26 was Rs. 5,187 crore, which was 2.92 % decrease than the Rs. 5,343 crore reported within the earlier quarter and elevated by 2.63 % from Rs. 5,054 crore in Q2 FY25. Revenue progress was additionally mirrored in earnings per share (EPS), which elevated to roughly Rs. 4.09 in Q2 FY26 from Rs. 3.99 in Q2 FY25.
Section-wise Efficiency
ITC Restricted reported regular segmental progress throughout companies in Q2 FY26. FMCG–Cigarettes income rose 6.8 % YoY with 4.3 % PBIT progress, pushed by premium merchandise and secure taxation. FMCG–Others grew 8 % YoY (ex-Notebooks) led by robust efficiency in staples, dairy, private wash, and agarbattis, with margins bettering to 10 %.
Agri Enterprise noticed modest progress resulting from timing and base results however robust leaf tobacco exports. Paperboards, Paper & Packaging posted 5 % YoY income progress and 17 % QoQ revenue rise, supported by specialty paper demand and sustainable packaging enlargement. FoodTech, underneath ITC Subsequent, scaled to 60+ kitchens throughout 5 cities with Rs. 90 crore GMV in H1 FY26, marking stable traction in its digital-first meals choices.
In regards to the firm
Based in 1910 and headquartered in Kolkata, ITC Restricted is a diversified Indian conglomerate with operations spanning FMCG, paperboards, packaging, agri-business, and hospitality. Its FMCG division consists of a variety of merchandise corresponding to cigarettes, meals, drinks, dairy, private care, stationery, matches, and agarbattis underneath well-known manufacturers.
The corporate additionally manufactures specialty papers and eco-friendly packaging, exports spices, espresso, and tobacco, and supplies IT companies, engineering options, mission administration, and property infrastructure companies. Moreover, ITC operates a sequence of luxurious resorts, together with the ITC Grand Central in Mumbai.
A return on fairness (ROE) of about 27.3 %, a return on capital employed (ROCE) of about 36.80 % and a debt to fairness ratio of 0 reveal the corporate’s monetary place. For the time being, the corporate’s P/E ratio is 25.1x decrease as in comparison with its trade P/E 50.5x.
As of September 2025, the corporate’s shareholding sample reveals that Overseas Institutional Buyers (FIIs) maintain 37.98 %, whereas Home Institutional Buyers (DIIs) personal 47.41 %. The Authorities holding stands at 0.04 %, whereas the general public shareholding stands at 15.16 %, reflecting a wholesome degree of retail and institutional participation within the firm.
Written By Akshay Sanghavi
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