ITC Ltd on October 30 reported 2% increase in net profit at Rs 5,180 crore for the quarter ended September 30, 2025 as compared to Rs 5,078 crore in the year-ago period, helped by higher sales volumes in its core cigarette business.
However, the company's revenue declined 2% to Rs 19,382 crore as against Rs 19,859 crore in Q2FY25. Meanwhile, the EBITDA was up 2.1% YOY at Rs 6,252 crore, while the margin rose 185 bais points on year to 35.1%.
ITC board approved voluntary delisting of shares from Calcutta Stock Exchange.
"(Board) Approved voluntary delisting of the Company's Ordinary Shares from CSE, pursuant to Regulations 5 and 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021. The Ordinary Shares of the Company will continue to remain listed on the National Stock Exchange of India Limited and BSE Limited, providing nationwide trading facilities," said ITC.
The cigarette-to-paper conglomerate's board approved appointment of former G20 Sherpa Amitabh Kant as a Director and also as an Independent Director for a period of five years with effect from January 1, 2026.
On October 30, ITC shares on NSE closed 0.5% lower at Rs 419.35 apiece.
Segment results
Standalone cigarette business’ revenue rose 6.8% year-on-year to ₹8,723 crore in the September quarter. “Leaf Tobacco consumption cost remains elevated; moderation in procurement prices witnessed in current crop cycle," the company said in the release.
The company said it boosted sales by focusing on key markets, improving its product mix, and taking steps to fight illegal cigarette trade, which helped it grow volumes and strengthen its market position.
Meanwhile, the FMCG-others business, which owns brands such as Aashirvaad, Sunfeast and Fiama, reported revenue of ₹5,964 crore, up 6.9% year-on-year on a standalone basis bed by growth in staples, dairy, premium personal wash and agarbattis.
The company noted that the notebooks industry continues to operate under deflationary conditions due to low-priced paper imports and opportunistic play by regional players.
Revenue from the agri business declined 31.2% year-on-year to ₹3,976 crore. “Value-added Agri exports during the quarter were relatively subdued due to delayed call-offs by the customers amid uncertainty on account of US tariffs,” the company said.
Revenue from the paperboards, paper and packaging business rose 5% to ₹2,220 crore. The industry continued to face pressure from “low-priced supplies, subdued realisations and elevated wood prices,” though the company noted “initial signs of moderation in wood prices with improving availability.”
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
