ITC Ltd

Q2 FY26Diversified FMCG

ITC Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹268

Market cap₹3.3L Cr

P/E16.6

Updated24 Sept 2026

Read3 min read

Based on ITC Ltd's Q2 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Standalone Gross Revenue: Rs. EBITDA: - Standalone: Rs.

From ITC Ltd's Q2 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Standalone Gross Revenue: Rs. 19,148 cr.; down 2.7% YoY (Page 39)
Standalone Net Revenue: Rs. 17,834 cr.; down 3.3% YoY (Page 37)
Consolidated Gross Revenue: Rs. 21,047 cr.; down 1.6% YoY (Page 38)
FMCG - Cigarettes Segment Revenue: Rs. 8,723 cr.; up 6.7% YoY (Page 39)
FMCG - Others Segment Revenue: Rs. 5,964 cr.; up 6.9% YoY (Page 39)
Total FMCG Segment Revenue: Rs. 14,687 cr.; up 6.8% YoY (Page 39)
Agri Business Segment Revenue: Rs. 3,976 cr.; down 31.2% YoY (Page 39)
Paperboards, Paper & Packaging Revenue: Rs. 2,220 cr.; up 5.0% YoY (Page 39)
FMCG Others Segment Revenue growth: 8% YoY excl. notebooks (Page 19)

2 more points management made on revenue & sales performance

Profitability & Margins

EBITDA:
Standalone: Rs. 6,252 crores, up 2.1% YoY (Page 37)
Consolidated: Rs. 6,695 crores, up 2.2% YoY (Page 38)
PAT (Profit After Tax):
Standalone: Rs. 5,180 crores, up 4.1% YoY (Page 37)
Consolidated: Rs. 5,187 crores, up 4.2% YoY (Page 38)
Operating Margin / EBITDA Margin:
Standalone EBITDA margin at 35.1%, up 185 bps YoY (Page 37)
FMCG Others segment EBITDA margins at ~10% (Q2 FY25: 10.6%, Q1 FY26: 9.4%), with QoQ margin improvement stated (Pages 19, 28)
ITC Infotech EBITDA margin described as at the upper end of mid-tier IT companies, but no explicit overall margin outlook given (Page 44)

2 more points management made on profitability & margins

See what ITC Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The presentation does not explicitly detail specific capex amounts, capacity expansions, or new plant/project timelines. However, it mentions: - Investments continue in capability building in ITC Infotech’s strategic focus areas, sales organization, and infrastructure (Page 36). - Portfolio augmentation and structural cost management focus in Paperboards, Paper & Packaging segment to mitigate challenges (Page 7). - Acceleration of plantations and development of new areas with satellite-based monitoring systems in Paperboards segment (Page 7). - Packaging & Printing Business focusing on new business development with innovative/customized solutions (Page 7).

2 more points management made on capital expenditure plans

Fundraising & Capital Structure

The investor presentation does not mention any fundraising through debt or equity.
There is no reference to any changes in borrowings or net debt across the provided pages.
The financial discussion focuses on revenues, EBITDA, PBT, PAT, and operational performance, without commentary on capital raising or debt management.
No details on new loans, debt repayments, equity issuance, or similar financial structuring activities are included.

See what ITC Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The presentation mentions "Broad based growth; Healthy Total Contract Value (TCV) signings" under ITC Infotech on page 44.
There is no specific quantification of order book, order inflow, or pending orders explicitly reported in the presentation.
The emphasis is on healthy TCV signings indicating robust inflow of contracts, but exact figures or backlog numbers are not provided.

ITC Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹17.8K Cr, net profit ₹5.5K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What ITC Ltd's management said in earlier quarters

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Frequently Asked Questions

What were ITC Ltd Q2 FY26 results?

Standalone Gross Revenue: Rs. EBITDA: - Standalone: Rs.

What is ITC Ltd share price analysis?

ITC Ltd currently shows a neutral. The stock trades at a P/E of 16.6 with a market cap of ₹328,675 Cr. Investors should review the full earnings analysis for detailed insights.

Is ITC Ltd planning capital expenditure?

The presentation does not explicitly detail specific capex amounts, capacity expansions, or new plant/project timelines.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.