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Informist, Thursday, Oct. 30, 2025

 

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--ITC Jul-Sept net profit INR 51.80 bln
--Analysts saw ITC Jul-Sept net profit at INR 50.88 bln
--ITC Jul-Sept revenue INR 193.82 bln
--Analysts saw ITC Jul-Sept revenue at INR 195.12 bln
--ITC Jul-Sept net profit INR 51.80 bln vs INR 50.78 bln year ago
--ITC Jul-Sept revenue INR 193.82 bln vs INR 198.59 bln year ago
--ITC Apr-Sept net profit INR 100.92 bln vs INR 99.96 bln year ago
--ITC Apr-Sept revenue INR 404.41 bln vs INR 374.52 bln year ago
--ITC board OKs voluntary delisting of shares from Calcutta Stock Exchange
--ITC Jul-Sept EBITDA INR 62.52 bln vs INR 61.23 bln year ago
--ITC Jul-Sept cigarettes revenue INR 87.23 bln vs INR 81.77 bln year ago
--ITC Jul-Sept agri business revenue INR 39.76 bln vs INR 57.81 bln year ago
--ITC Jul-Sept paper, packaging revenue INR 22.20 bln vs INR 21.14 bln yr ago
--ITC Jul-Sept EBITDA margin 35.1%, up 185 bps on year
--ITC: Leaf Tobacco consumption cost remains elevated
--ITC:Saw moderation in leaf tobacco procurement prices in current crop cycle

 

By Rajesh Gajra

 

NEW DELHI – ITC Ltd. reported a higher-than-expected decline in its top line for the September quarter, even as it met analysts' expectations on its bottom line growth. The cigarette and fast moving consumer goods company reported an increase of 4.1% on year and 5.4% on quarter in its net profit to INR 51.8 billion. The reported net profit came above the Street view of INR 50.9 billion.

 

ITC reported a revenue from operations of INR 193.8 billion, below the Street view of INR 195.1 billion, for the September quarter. The revenue from operations declined 2.4% on year. Excluding excise duty, ITC's revenue from operations was down 3.4% on year and 8.8% on quarter to INR 180.2 billion in the September quarter. The last time the company posted an on-year decline in its revenue from operations, excluding excise duty, was in the March quarter of 2023-24 (Apr-Mar) when it had declined 4.1%.

 

ITC's top line performance was badly hit by a sharp fall in the revenue from its agri business segment to INR 39.8 billion in the reporting quarter from INR 57.8 billion in the year ago quarter. The company said the agri business was negatively affected by a moderation in leaf tobacco procurement prices in the current crop cycle.

 

The company's cigarettes sub-segment in the fast moving consumer goods segment posted an increase of 6.7% on year in revenue to INR 87.2 billion, while the rest of the segment recorded a 6.9% revenue growth to INR 59.6 billion. The paperboards and packaging segment revenue moved up 5% on year to INR 22.2 billion.

 

ITC posted a moderate increase in its earnings before interest, tax, depreciation, and amortisation to INR 62.5 billion in the September quarter from INR 61.2 billion in the year ago quarter. The company's EBITDA margin expanded 185 basis points on year to 35.1%. 

 

The EBITDA of the cigarettes sub-segment in the FMCG segment of the company increased 4.3% on year, whereas the rest of the FMCG segment recorded a 0.3?cline in EBITDA. The company said that in its cigarettes sub-segment the leaf tobacco consumption cost remained elevated during the reporting quarter. In ITC's agri business segment, the EBITDA moved up just 1% on year, while in the paperboards and packaging segment it fell sharply by 21%.

 

On a consolidated basis, ITC's net profit increased 2.7% on year to INR 51.3 billion in the September quarter, while revenue from operations declined 1.3% to INR 212.6 billion. In the Apr-Sept period, the company's standalone net profit was up just 1% on year to INR 100.9 billion, while the revenue from operations increased 8% on year to INR 404.4 billion.

 

The company announced Thursday it will be voluntarily delisting its shares from the Calcutta Stock Exchange.

 

On Thursday, shares of ITC closed at INR 418.75, down 0.7%, on the National Stock Exchange.  End

 

Edited by Akul Nishant Akhoury

 

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