ITC shares down marginally ahead of Q2 results; here's what analysts expect

ITC Q2 expectations

The shares of ITC were trading in the red on October 30. The FMCG major is set to release its results for the second quarter of the financial year 2026 later today.

ITC shares were down around 0.7 percent at Rs 418.85, as seen at 12.15 pm.

What to expect from ITC’s Q2 earnings?

Analysts expect the FMCG company to report a minor 0.6 percent year-on-year (YoY) rise in Q2 net profit, Reuters cited data compiled by LSEG. PL Capital said that ITC’s consumer goods vertical is likely to witness a one-time impact from the GST rate cuts during the quarter under review.

Systemix Research, meanwhile, sees strong growth in sales volumes for ITC’s mainstay cigarette business. It, however, added that margins may take a hit from high costs of leaf tobacco.

How did ITC perform in Q2 FY25?

ITC reported a standalone net profit of Rs 5,078.3 crore for Q2FY25, registering a growth of 3.1 percent from Rs 4,927 crore in the same quarter of the previous financial year. The company's total revenue for the July-September quarter was reported at Rs 19,327.8 crore, up 16.8 percent from Rs 16,550 crore in the year-ago quarter.

ITC share price history:

ITC shares have gained more than 1 percent in the past five days, and over 4 percent in the past one month. The stock however fell nearly 2 percent in the past six months, and is down over 13 percent in 2025 so far.

The stock currently has a P/E ratio of more than 26. After hitting a 52-week high of Rs 493.45 apiece in November last year, the stock tumbled nearly 21 percent in five months to hit a 52-week low of Rs 390.15 apiece in April this year. The stock has recovered more than 7 percent since then.

Also read: Our LIVE blog on Q2 results