ITC Q4 FY26 Results: Net Profit Falls 74% to ₹5,113 Crore Due to One-Time Gain Base Effect

ITC Limited reported a nearly 74% decline in net profit for Q4FY26, mainly due to a high base from a one-time gain recorded in the previous year after the demerger of its hotel business. 

The company posted a net profit of ₹5,113 crore in the March quarter compared to ₹19,562 crore in the same period last year. 

Profit Before Exceptional Items Shows Growth 

Despite the sharp decline in reported profit, ITC’s profit before exceptional items and tax increased slightly during the quarter. 

Key Q4FY26 Highlights 

The previous year’s quarter included a one-time gain of ₹15,179 crore related to the demerger of the hotels business, which impacted year-on-year comparison. 

Cigarette Business Drives Revenue Growth 

The company’s cigarette business remained the main growth driver during the quarter. 

Cigarette Segment Performance 

ITC increased cigarette prices after the government raised excise duty in February. However, the company kept the price hikes moderate to avoid impacting sales volumes significantly. 

FMCG Business Also Performs Well 

The FMCG segment, which includes brands such as: 

also reported healthy growth. 

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FMCG Segment Highlights 

ITC share price Movement 

ITC share price (NSE: ITC) was trading at ₹307.65 on 21 May at 3:30 pm IST, marginally up by ₹0.10 or 0.03% for the day. The stock opened at ₹309.85 and touched an intraday high of ₹311.30 and a low of ₹305.80. The company’s market capitalisation stood at ₹3.85 lakh crore with a price-to-earnings (P/E) ratio of 11.01. The stock has a 52-week high of ₹444.20 and a 52-week low of ₹287.00. ITC offers a dividend yield of 4.66%, with a quarterly dividend amount of ₹3.58 per share. 

Conclusion 

ITC’s reported Q4 profit declined sharply due to the absence of last year’s one-time hotel business gain.  

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