- ITC's cigarette revenue rose 81% to Rs 15,383 crore in Q1 FY27
- Cigarette segment EBIT fell 35% to Rs 3,341 crore due to margin pressure
- Consolidated net profit declined 27.1% to Rs 3,579 crore year-on-year
ITC Ltd.'s cigarette business delivered a sharp jump in revenue during the first quarter of FY27, but the growth failed to translate into higher profitability as segment earnings came under pressure.
According to the company's exchange filing on Friday, cigarette revenue surged 81% year-on-year to Rs 15,383 crore. However, earnings before interest and tax (EBIT) from the segment declined 35% to Rs 3,341 crore, indicating margin pressure despite the robust topline performance.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
ALSO READ: ITC Q1 Results: Net Profit Slides 27%, Misses Estimates; Revenue Declines
At the consolidated level, ITC reported a 27.1% year-on-year decline in net profit to Rs 3,579 crore, compared with Rs 4,911 crore in the year-ago period.
Revenue from operations fell 14.5% to Rs 16,907 crore, while EBITDA declined 27.9% to Rs 4,514 crore from Rs 6,261 crore a year earlier, the company said in its filing.
EBITDA margin contracted to 26.7% from 31.7% in the corresponding quarter last year.
Among other business segments, the agri business reported a 17% decline in revenue to Rs 8,082 crore, while EBIT from the segment fell 18% to Rs 354 crore.
Meanwhile, the company's FMCG business posted a 53% year-on-year increase in revenue to Rs 21,866 crore, according to the exchange filing.
ALSO READ: Q1 Results Live Updates: ITC Profit Falls 27%, Maruti Suzuki Margins Shrink
Revenue from operations slipped 14.5% to Rs 16,907 crore from Rs 19,761 crore in the corresponding quarter of last year; below analysts' estimates of Rs 18,630 crore.
Earnings before interest, taxes, depreciation and amortisation slumped 27.9% to Rs 4,514 crore from Rs 6,261 crore in the year-ago period, missing analysts' expectations of Rs 5,356 crore. Ebitda margin contracted 500 basis points to 26.7% from 31.7% year-on-year.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.