ITC Q4 results FY26 preview: ITC Limited is also all set to announce its earnings for the fourth quarter of the financial year today, May 21. Along with the quarterly results, the FMCG giant might also declare a dividend for its shareholders.
ITC Q4 results FY26 preview
FMCG major ITC is likely to report a muted performance in the January-March quarter of the financial year 2025-26, with the cigarette business growth likely to remain under pressure after the recent tax hikes. This comes even as the company's FMCG segment continues to deliver healthy momentum.
ITC Q4 FY26 results preview, standalone Q4
ITC is expected to see a flat 0.6 per cent year-on-year increase in its standalone profit after tax (PAT) to Rs Rs 4,905 crore in the reporting quarter against Rs 4,874 crore posted in the same quarter the previous year.
The company's revenue from operations might increase 4.5 per cent YoY to stand at Rs 18,031 crore in Q4 FY26 against Rs 17,248 crore in Q4 FY25.
EBITDA is expected to remain flat to come in at Rs 5,997 crore in the January-March quarter of FY26 against Rs 5,986 crore in Q4 FY25.
Margin might contract around 150 bps YoY to 33.2% in Q4 FY26 against 34.7% in Q4 FY25.
- Revenue seen at Rs 18,031 crore in Q4 FY26 vs Rs 17,248 crore in Q4 FY25, up 4.5% YoY
- EBITDA seen at Rs 5,997 crore in Q4 FY26 vs Rs 5,986 crore in Q4 FY25, flat
- PAT seen art Rs 4,905 crore vs Rs 4,874 crore, up 0.6% YoY
- Margin seen at 33.2% in Q4 FY26 vs 34.7% in Q4 FY25, down around 150 bps YoY
ITC Q4 FY26 results expectations
- Cigarette Business
- Volume to be flat or around 1% YoY, increase in taxation to ail volumes
- EBIT growth is estimated at around 3% YoY
- EBIT margins to decline around 100 bps YoY due to higher tobacco leaf costs
- Full price pass-through still pending, more price hikes could be announced
FMCG Business
To grow 10-11% YoY as GST rate cuts benefited around 75% of the portfolio
EBIT to expand 37% YoY
EBIT margin seen growing 120-140 bps at around 7.5%, driven by stable RM prices through February
Full price pass-through still pending, more price hikes could be announced
Agriculture business
Revenue could see marginal decline due to West Asia war
Paperboards
Revenue to grow around 7% YoY
EBIT margins are estimated at 9.8% YoY
ITC Q4 FY26 preview: Key things to look for
- Impact of tax hike on cigarettes biz
- Nature of price hikes undertake, if more will be announced
- Synergies from acquisition of abrel's paper biz
- Cigarette volume trends, product mix
- Competitive intensity
- RM trends
- Agri business outlook
ITC Q4 results 2026 date and time
In the exchange filing, ITC informed the leading stock exchanges - BSE and NSE - that the meeting of the Board of Directors of the company has been convened for Thursday, May 21, 2026, to consider and approve the audited standalone and consolidated financial results of the company.
"…we write to advise that a Meeting of the Board of Directors of the Company has been convened for Thursday, 21st May, 2026, inter alia, to: (i) consider and approve the Audited Standalone and Consolidated Financial Results of the Company along with the Segment-wise Revenue, Results, Assets and Liabilities for the Quarter and Twelve Months ended 31st March, 2026, the Balance Sheet as on that date, the Statement of Cash Flows for the financial year ended on that date and the Notes thereto," ITC said in the regulatory filing.
ITC had declared the third quarter earnings at around 6.29 PM on January29, 2026. Therefore, it is expected that the Q4 FY26 earnings might come around the same time on Thursday, May 21, 2026.
ITC dividend announcement date
Along with the quarterly results, the board of directors of ITC in the scheduled meeting on Thursday, May 21, might also consider final dividend for the financial year ended March 31, 2026.
"…consider and recommend Final Dividend for the financial year ended 31st March, 2026," ITC added in the filing.
If ITC announces cash reward in the upcoming board meeting, this will be the second dividend by the FMCG major this year.
ITC Share Price
Shares of ITC were trading at Rs 308.45, up Rs 0.90 or 0.29 per cent from the previous closing of Rs 307.55, at around 11.32 AM on the BSE.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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