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Diversified conglomerate ITC Ltd announced its December quarter (Q3 FY26) results after market hours today, reporting a consolidated net profit of ₹5,018 crore, largely unchanged from ₹5,013 crore in the same period last year.

However, on a sequential basis, profit declined by 3.3%, as the company had posted ₹5,187 crore in the September quarter. Its consolidated revenue from operations stood at ₹21, 706 crore, up 6.7% YoY from ₹20,349 crore reported in the June 2024 quarter.

At the operating level, the company posted an EBITDA of ₹6,882 crore, marking a 8.17% YoY growth from ₹6,362 crore, while margins have improved by 50 basis points to 31.7%.

The FMCG delivered double-digit revenue growth of around 11% YoY alongside a 145 basis point expansion in EBITDA margins. Growth was broad-based across staples, biscuits, noodles, dairy and personal care, while the premium and digital-first portfolio continued to scale rapidly.

The cigarettes business maintained volume-led growth, with net segment revenue rising 7.9% YoY, supported by premiumisation and innovation, although elevated leaf tobacco costs remained a drag..

(more to come)

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