ITC reported a 6.1 per cent rise in adjusted net profit for Q4FY26, aided by strong growth in cigarettes, FMCG and paper businesses
The company, which makes Gold Flake cigarettes, reported profit rose 2 per cent to 66.92 billion rupees ($695.63 million) in the March quarte
Q4FY26 company results: Firms including Max Healthcare, Gail (India), Prestige Estates, Sun TV, Bikaji Foods International, Quick Heal and Icra are also to release their January-March earnings today
Thus far in the month of April, the FMCG index has surged 11.73 per cent, as against a 7.4 per cent gain in the benchmark index
Nomura's top picks include Britannia and Titan. It also prefers Marico, Tata Consumer, Godrej Consumer, Asian Paints and United Spirits
Being consumer-centric and continuously evolving with contemporary trends is paramount for fast-moving consumer goods (FMCG) companies
ITC CMD Sanjiv Puri says government tax cuts and GST reductions are aiding consumption, as digitisation, rural demand and evolving GenZ and millennial preferences reshape FMCG growth
At Business Standard's Manthan summit, ITC Chairman Sanjiv Puri said that consumer-centric growth, stronger R&D investment and deeper AI adoption are essentials for FMCG sector
In the case of ITC, Nomura noted that the company has started increasing prices for its premium brands, including Gold Flake and Classic, across most subsegments
In two sessions, ITC shares declined over 5 per cent, Godfrey Phillips over 6 per cent and VST Industries over 3 per cent
The FMCG major is piloting freshness-led packaged foods through its food-tech cloud kitchens, leveraging e-commerce platforms as it sharpens its premiumisation strategy
Firm says GST rate rejig, duty changes have led to an unprecedented increase in tax incidence on cigarettes
The conglomerate warned that a new excise duty on cigarettes will lead to a rise in illicit trade, causing hardship and loss to millions of farmers, MSMEs, retailers, and local value chains
Q3FY26 company results: Firms including Dabur India, Tata Motors, Paytm, Swiggy, and Canara Bank are also to release their October-December earnings today
ITC Q3 results preview: Brokerages tracked by Business Standard estimate ITC's net profit to average ₹5,175.85 crore, compared to ₹4,893.4 crore a year ago, up 1.6 per cent Y-o-Y
ITC will pursue selective, value-accretive acquisitions while banking on premiumisation and a gradual recovery in consumption to outpace FMCG industry growth
The brokerage expects the price hike will have a significant impact on volumes, pressure margins, increase illicit trade, stifle growth and the company's ability to recruit consumers.
ITC earnings estimates for FY27-28 have been cut after a sharp excise duty hike on cigarettes. Brokerages have downgrade the stock, citing margin and volume risks
Only continuous relevance and reinvention can secure a place in the 30-stock index
Indian equity benchmarks closed largely flat in the first trading session of 2026, as gains in Larsen & Toubro and M&M offset sharp losses in ITC after a new tobacco tax announcement