Q1 Results Highlights: ITC net profit flat at Rs 4,912 crore, Adani Power announces 1:5 stock split

ITC announced that its board has approved the amalgamation scheme of its two wholly owned subsidiaries- Sresta Natural Bioproducts and Wimco Limited. "The aforesaid Scheme of Amalgamation, which is subject to necessary approvals, will take effect from 13th June, 2025 and 1st April, 2025 for amalgamation of SNBPL and Wimco, respectively," it said.

SNBPL is primarily engaged in the business of manufacture and sale of organic packaged food products (staples, spices, processed foods etc.) under the brand name '24 Mantra Organic'. Wimco presently does not have any major operations. It was earlier engaged in the engineering business of fabricating / assembling tube-filling & cartoning machines and providing allied services. Wimco owns about 1 acre of land in Ambernath, Maharashtra, which is contiguous to the 17 acre land parcel owned by ITC.

ITC reported net profit of Rs 4,912 crore for Q1 FY26. This is almost same as the Rs 4,917 crore net profit reported in Q1 FY25. The firm's revenue rose 20% YoY to Rs 21,059 crore.

Delhivery reported a net profit of Rs 91 crore in Q1 FY26. This marks a 67% YoY jump from the Rs 54 crore net profit reported in Q1 FY25. The firm's revenue from operations meanwhile rose 6% YoY to Rs 2,294 crore.

Tata Power reported a net profit of Rs 1,060 crore for Q1 FY26. This marks a YoY rise of 9% from the Rs 971 crore net profit reported in Q1 FY25. The firm's revenue from operations meanwhile rose 4% YoY to Rs 18,035 crore.

Safari Industries reported a net profit of Rs 50.5 crore for Q1 FY26. This marks a 14% YoY rise from the Rs 44 crore net profit reported in Q1 FY25. The firm’s revenue from operations meanwhile rose 17% YoY to Rs 528 crore.

UPL reported a net loss o Rs 88 crore for Q1 FY26, as against a net loss of Rs 384 crore in Q1 FY25. The firm's revenue from operations rose to Rs 9,216 crore.

Graphite India reported a net profit of Rs 134 crore for Q1 FY26. This marks a 43% YoY fall from the Rs 237 crore net profit reported in Q1 FY25. The firm's revenue fell 9% YoY to Rs 665 crore.

Tube Investments of India reported a net profit of Rs 199 crore for Q1 FY26. This marks a 12% YoY fall from the Rs 227 crore net profit reported in Q1 FY25. The firm's revenue from operations rose to Rs 5,171 crore.

The shares of Adani Power dropped more than 1% to trade at Rs 581.50 apiece. This comes after the company released its results for the first quarter of the financial year 2026.

Adani Power has announced a stock split in the ratio of 1:5. This implies that every single share of the company owned by a shareholder as on the record date will be split into 5 equity shares.

Adani Power reported a net profit of Rs 3,385 crore for Q1 FY26. This marks a 13.5% YoY drop from the Rs 3,913 crore net profit reported in Q1 FY25. The firm's revenue from operations meanwhile dropped 6% YoY to Rs 14,109 crore.

Godrej Properties reported a net profit of Rs 600 crore for Q1 FY26. This marks a 15% rise from the Rs 520 crore net profit reported in Q1 FY25. The firm's revenue from operations however tumbled 41% YoY to Rs 435 crore.

Hester Biosciences reported a net profit of Rs 16.44 crore for Q1 FY26. This marks a whopping 159% YoY rise from the Rs 6 crore net profit reported in Q1 FY25. The firm's revenue from operations rose to Rs 84 crore. The shares of the company rallied more than 16% to trade at Rs 2,263.70 apiece.

Kirloskar Brothers reported a net profit of Rs 67 crore for Q1 FY26. This marks a 2.5% YoY rise from the Rs 65 crore net profit reported in Q1 FY25. The firm's revenue from operations dropped to Rs 979 crore.

Symphony shares dropped nearly 3% to trade at Rs 1,082 apiece. This comes after the company reported a 52% YoY drop in net profit to Rs 42 crore for Q1 FY26.

Symphony reported a net profit of Rs 52 crore for Q1 FY26. This marks a 52% YoY drop from the Rs 88 crore net profit reported in Q1 FY25. The firm’s revenue from operations meanwhile fell 36% YoY to Rs 251 crore.

ITC shares rose 1% to trade at Rs 416.65 apiece. The company is set to release its results for April-June quarter of FY26

Analysts will closely monitor demand in metro areas compared to the rural outlook, along with the competitive intensity.

• Cigarettes: For the quarter ended June, cigarette volumes are likely to rise in the range of 3 to 5 percent, according to most brokerages. According to BNP Paribas, the cigarette business’ net revenue may grow 7.5 percent YoY, while volume growth contributing three percent and the rest led by pricing and mix.

"Higher leaf tobacco prices to continue to pressure cigarettes EBIT margins, leading to 4 percent cigarette EBIT growth," according to Japan-based brokerage Nomura.

• Segments performance: In the FMCG segment, Kotak Insituttional Equities believes that revenue is expected to grow by around 5 percent year-on-year, compared to 4 percent and 3.7 percent in the third and fourth quarters of FY25, respectively.

The agri business is likely to see a stronger performance with a 10 percent year-on-year growth. In contrast, the paperboards segment is expected to post a muted 6 percent year-on-year growth amid challenging operating conditions, including weak domestic and export demand, lower net realizations, and an influx of cheaper Chinese supplies.

EBIT margin for the paperboards business is estimated at around 10 percent, slightly above the 9.6 percent and 9.2 percent recorded in the previous two quarters.

• Margins: "We expect a 5 percent YoY growth in cigarette EBIT, though margins  may contract 40 bps due to rising leaf tobacco prices. In the FMCG business, we expect a 16 percent decline in EBIT, with a 170 bps margin contraction as price hikes lag RM inflation," said Motilal Oswal.

Diversified FMCG-to-cigarettes conglomerate ITC is likely to report the highest revenue among all its listed peers. According to a Moneycontrol poll of eight brokerages, ITC is likely to report revenue of Rs 17,718 crore, rising 4.2 percent year-on-year compared to Rs 17,000 crore in the April to June quarter of FY25.

Net profit is likely to come in at Rs 5,000 crore in Q1FY26 as against Rs 4,921 crore in the year-ago period, a growth of one percent.

Earnings estimates of analysts polled by Moneycontrol are in a narrow range, so any positive or negative surprises may elicit a sharp reaction in the stock. The most optimistic estimate sees ITC’s net profit growing 4.8 percent year-on-year, while the most negative projection sees a fall of 1.6 percent in net profit for the quarter.