Comprehensive Financial Performance

ITC Limited reported strong financial results for FY26 with standalone revenue of ₹80,867.49 crores (10.1% YoY growth) and net profit of ₹20,286.42 crores. The company achieved EBITDA of ₹25,208.22 crores (4.9% growth) and maintained robust profitability metrics with operating profit margin of 33.4% and return on net worth of 29.6%. Earnings per share stood at ₹16.20, reflecting consistent performance across business segments.

Dividend Declaration and Capital Returns

The Board recommended a final dividend of ₹8.00 per share, complementing the interim dividend of ₹6.50 per share paid in February 2026. This brings the total dividend for FY26 to ₹14.50 per share, representing a total payout of ₹18,167.57 crores. The record date for the final dividend is set for May 27, 2026, with payment scheduled between July 24-29, 2026, subject to shareholder approval at the 115th AGM on July 23, 2026.

Business Segment Performance

FMCG Cigarettes: Sustained growth despite unprecedented tax increases with GST rate hike from 28% to 40% of retail price. Legal cigarettes represent only 10% of tobacco consumption but contribute over 80% of sector revenue.

FMCG Others: Achieved revenue of ₹24,209.75 crores (10.1% growth) with segment results of ₹1,802.63 crores (14.1% growth). Launched nearly 100 new products focusing on Health & Nutrition, reaching 280 million households through 7 million retail outlets.

Agri Business: Demonstrated resilience despite global trade disruptions, maintaining position as largest Indian exporter of unmanufactured tobacco. Scaled ITCMAARS platform to 2.6 million farmers and 2,184 FPOs across 11 states.

Paperboards & Packaging: Faced challenges from low-priced imports but improved performance in second half due to Minimum Import Price imposition. Signed agreement to acquire Century Pulp and Paper undertaking for up to ₹3,500 crores.

Strategic Initiatives and Expansion

ITC advanced its ITC Next strategy through digital transformation (Mission DigiArc with 25+ proprietary apps) and strategic acquisitions including Sresta Natural Bioproducts (24 Mantra Organic), Sproutlife Foods (Yoga Bar), Mother Sparsh Baby Care, and Ample Foods. The company expanded its fresh food business with 70+ cloud kitchens across 5 cities operating under multiple brands.

Sustainability and CSR Leadership

The company maintained its environmental leadership with 21 years Carbon Positive, 24 years Water Positive, and 19 years Solid Waste Recycling Positive status. Renewable energy share reached 51% of total consumption. CSR expenditure totaled ₹500 crores (exceeding mandated 2% of average net profits), focusing on sustainable livelihoods, healthcare, education, and environmental sustainability. The company supports 90 lakh livelihoods through its value chains.

Corporate Governance and Compliance

ITC maintained strong governance standards with a 17-member Board (9 Independent Directors) and 5 Board committees. Secretarial audit confirmed compliance with all applicable laws including Companies Act, SEBI Regulations, and FEMA. The company received clean audit opinions from both statutory and secretarial auditors with no material weaknesses identified in internal controls.

Capital Structure and Shareholding

Issued share capital increased to ₹1,252.94 crores divided into 1,252,94,68,231 ordinary shares following issuance of 1,53,48,450 shares from employee stock option exercises. Major shareholders include Tobacco Manufacturers (India) Limited (17.79%), Specified Undertaking of UTI (15.83%), and LIC (7.78%). 99.72% of share capital is held in dematerialized form.

Related Party Transactions and Remuneration

Total related party transactions amounted to ₹2,672.28 crores in sales and ₹883.36 crores in purchases, all conducted at arm's length. Key management personnel remuneration included S. Puri (₹35.42 crores), B. Sumant (₹16.43 crores), S. Dutta (₹15.45 crores), and H. Malik (₹14.41 crores) comprising short-term benefits, long-term incentives, and share-based payments.

Risk Factors and Forward Outlook

The company highlighted risks including unprecedented tax increases on cigarettes, global trade disruptions, low-priced imports impacting paperboards business, climate change risks to agricultural value chains, and cyber security threats. Forward-looking statements emphasize continued focus on ITC Next vision, digital transformation, sustainability goals, and market expansion, while acknowledging potential impacts from regulatory changes and economic factors.