FMCG major ITC experienced a significant 72.4% year-on-year decrease in its consolidated net profit for the fourth quarter of the financial year 2026 (Q4 FY26). This decline was primarily attributed to a high base effect resulting from a one-time gain recorded in the corresponding period of the previous financial year. The company disclosed a consolidated profit of Rs 5,469.74 crore for the quarter ending March 2026, a notable drop from Rs 19,807.88 crore reported in the same quarter of the previous financial year (Q4 FY25).
ITC clarified that the sharp decline in profit was mainly due to an exceptional one-time gain of Rs 15,179 crore recorded in Q4 FY25 following the demerger of its hotels business. However, the company did show an improvement in profitability on a sequential basis. The consolidated net profit increased by approximately 9% quarter-on-quarter from Rs 5,018.45 crore reported in the December quarter of FY26.
During the March quarter, ITC’s consolidated revenue from operations reached Rs 23,821.48 crore, marking a nearly 17% year-on-year growth. Sequentially, revenue also saw a rise of about 10% from Rs 21,706.64 crore reported in Q3 FY26. In the corresponding quarter of the previous financial year, ITC had reported revenue of Rs 20,376.36 crore.
For the full financial year 2026, ITC witnessed a 40% decline in its consolidated profit, amounting to Rs 21,018.15 crore compared to Rs 35,052.48 crore in FY25. Despite the decrease in annual profit, the company achieved healthy revenue growth. Consolidated revenue from operations for FY26 increased by 10.2% year-on-year to Rs 89,913.33 crore from Rs 81,612.78 crore in the previous financial year.
ITC also highlighted that its consolidated EBITDA grew by 6.9% year-on-year in the March quarter, with annual EBITDA growth standing at 5.4% for FY26. The firm’s shares closed nearly unchanged at Rs 307.65 on the National Stock Exchange before the announcement.
