Mumbai, May 21 (IANS) FMCG major ITC on Thursday reported a sharp 72.4 per cent year-on-year (YoY) decline in consolidated net profit for the fourth quarter of financial year 2026 (Q4 FY26), mainly due to a high base effect from a one-time gain recorded in the corresponding period last financial year.
The company posted a consolidated profit of Rs 5,469.74 crore for the quarter ended March 2026, compared with Rs 19,807.88 crore reported in the same quarter of the previous financial year (Q4 FY25), according to its stock exchange filing.
ITC said the steep decline in profit was largely because the company had recorded an exceptional one-time gain of Rs 15,179 crore in Q4 FY25 following the demerger of its hotels business.
On a sequential basis, however, the company reported an improvement in profitability.
Consolidated net profit rose around 9 per cent quarter-on-quarter from Rs 5,018.45 crore posted in the December quarter of FY26.
The company’s consolidated revenue from operations during the March quarter stood at Rs 23,821.48 crore, registering a growth of nearly 17 per cent year-on-year.
Revenue also increased around 10 per cent sequentially from Rs 21,706.64 crore reported in Q3 FY26.
In the corresponding quarter of the previous financial year, ITC had reported revenue of Rs 20,376.36 crore.
For the full financial year 2026, ITC’s consolidated profit declined 40 per cent to Rs 21,018.15 crore, compared with Rs 35,052.48 crore in FY25.
Despite the drop in annual profit, the company reported healthy growth in revenue.
Consolidated revenue from operations for FY26 rose 10.2 per cent year-on-year to Rs 89,913.33 crore from Rs 81,612.78 crore in the previous financial year.
ITC also said its consolidated EBITDA increased 6.9 per cent year-on-year during the March quarter, while annual EBITDA growth stood at 5.4 per cent for FY26.
Shares of the firm closed almost flat at Rs 307.65 on the National Stock Exchange ahead of the statement.
–IANS
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