ITC Q1 FY27 Results: Standalone Profit Down 27% to ₹3,579 Crore, Revenue Up 28%
ITC Limited reported Q1 FY27 results with standalone profit down 27.1% to ₹3,579 crore, while revenue increased 28.1% to ₹26,943 crore. Consolidated profit after tax decreased 15.6% to ₹4,509 crore, with revenue up 27.6% to ₹29,523 crore. The company reported an exceptional gain of ₹406 crore from Sproutlife Foods.
The financial results, particularly the decline in profit despite revenue growth, and the impact of excise duty changes, are significant for investors and market analysts. The exceptional gain also warrants attention.
While revenue saw an increase, the profit figures for both standalone and consolidated results showed a decline compared to the previous year, indicating a mixed financial performance.
ITC Limited announced its unaudited financial results for the quarter ended June 30, 2026. The company's standalone profit after tax for the quarter stood at ₹3,578.82 crore, marking a decrease of 27.1% compared to ₹4,910.73 crore in the corresponding quarter of the previous year. However, the revenue from operations showed a significant increase.
Standalone revenue from operations for the quarter rose by 28.1% to ₹26,943.23 crore from ₹21,069.81 crore in the same period last year. The total income also grew by 26.9% to ₹27,588.56 crore from ₹21,731.84 crore. Expenses increased by 50.3% to ₹22,829.15 crore from ₹15,188.36 crore, primarily due to higher cost of materials consumed, excise duty, and other expenses.
On a consolidated basis, the total income for the quarter increased by 26.7% to ₹30,179.01 crore from ₹23,811.56 crore in the year-ago period. Consolidated profit after tax (PAT) for the quarter was ₹4,508.79 crore, a decrease of 15.6% compared to ₹5,343.41 crore in the corresponding quarter of the previous year. The consolidated revenue from operations grew by 27.6% to ₹29,523.30 crore from ₹23,129.35 crore.
The company noted that the increase in excise duty and GST on cigarettes impacted comparability with previous periods. ITC also reported an exceptional gain of ₹405.88 crore in its consolidated results related to the re-measurement of its interest in Sproutlife Foods Private Limited following its acquisition of majority control and becoming a subsidiary. The Board of Directors approved these results on July 31, 2026.
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