Question 1

What are the key takeaways from ITC Limited?

Accepted Answer

ITC FY2026: Revenue ₹89,913.33 Cr (vs ₹81,612.78 Cr YoY), PAT ₹21,018.15 Cr (vs ₹35,052.48 Cr YoY) In FY2026, ITC reported Consolidated Revenue From Operations of ₹89,913.33 Cr vs ₹81,612.78 Cr in FY2025, supported by strong momentum in its FMCG Businesses segment. Consolidated EBITDA rose to ₹25,208.22 Cr in FY2026, while Operating Profit Margin moderated to 33.4% vs 35.4% in FY2025. Consolidated Profit for the year (continuing and discontinued) was ₹21,018.15 Cr vs ₹35,052.48 Cr in FY2025, wi…

Question 2

What were ITC Limited's key financial metrics?

Accepted Answer

Consolidated Revenue From Operations: ₹89,913.33 Cr (vs ₹81,612.78 Cr in FY2025); EBITDA (Consolidated): ₹25,208.22 Cr (up 4.9% YoY); Profit for the year (continuing and discontinued): ₹21,018.15 Cr (vs ₹35,052.48 Cr in FY2025); Operating Profit Margin: 33.4% (vs 35.4% in FY2025 (-200 bps YoY))

Question 3

What were the highlights of ITC Limited?

Accepted Answer

ITC acquired 100% of Sresta Natural Bioproducts Private Limited (SNBPL), owner of the ‘24 Mantra Organic’ brand, expanding its presence in premium organic foods. The fair value of total purchase consideration for the Sresta acquisition was ₹328.13 Cr including contingent consideration of ₹9.33 Cr, indicating a disciplined bolt-on M&A ticket size. Goodwill recognised on the Sresta acquisition was ₹30.37 Cr, signalling an acquisition premium paid for brand and growth optionality. ITC signed a Bus…

Question 4

What is the outlook or guidance for ITC Limited?

Accepted Answer

ITC reiterated its commitment to achieve ‘Net Zero Operations’ by 2050, setting a long-dated decarbonisation roadmap for operations. The company targets a 30% reduction in specific energy consumption and a 50% reduction in specific GHG emissions by 2030 versus the FY2018-19 baseline, implying continued efficiency and fuel-mix actions. ITC plans to create rainwater harvesting potential equivalent to over five times its net water consumption by 2030, extending water stewardship initiatives.

Question 5

What are the key risks or concerns for ITC Limited?

Accepted Answer

Illicit trade remains a structural risk, with an estimated annual revenue loss to the Exchequer of appx. ₹23,000 Cr, which can influence industry pricing dynamics and legal volumes. Claims against the Group not acknowledged as debts aggregate ₹1,235.64 Cr in FY2026 including estimated interest of ₹357.48 Cr, representing contingent outflow risk. Auditors identified revenue recognition as a Key Audit Matter, focusing on timing of recognition under Ind AS 115, which elevates scrutiny on cut-off a…

ITC Limited

Quarterly Results 15

Annual Reports 15

Concalls 25

ITC Limited

Quarterly Results 15

Annual Reports 15

Concalls 25