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ITC Q2 FY26 Earnings Preview: Private sector FMCG giant ITC -- whose popular cigarette brands include Classic and Gold Flake -- is scheduled to announce its financial results on Thursday, October 30. Analysts expect the company -- which completed a demerger of its hotels arm, ITC Hotels, in January -- to report a largely flat performance on a year-on-year basis, as the results will not be comparable owing to the demerger.

According to Zee Business research, ITC is set to report a standalone net profit of Rs 5,050 crore for the quarter ended September 30.

For the year-ago period, the FMCG major had registered a net profit of Rs 5,078 crore.

The Kolkata-headquartered company is estimated to log Rs 6,300 crore in quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA).

According to the estimates, ITC's second-quarter margin is pegged at 32.3 per cent versus 32.8 per cent a year ago.

The analysts estimate growth in the company's cigarette volumes at 6.0 per cent, with income and EBIT expected to increase 7.5 per cent and 5.0 per cent, respectively.

Analysts also anticipate rising prices of inputs like leaf tobacco to dent the cigarette maker's profitability.

ITC's FMCG EBIT is seen falling 9.0 per cent, according to Zee Business research.

ITC shares have declined 12.8 per cent in 2025 so far, underperforming a 9.7 per cent rise in the Nifty50 and worse than a 0.7 per cent fall in the Nifty FMCG.

ITC Hotels shares -- which entered the market in late January -- have risen 27.4 per cent for the year.