Archive · 31 Jul 2026
ITC Q1 FY27 Earnings Miss Estimates Amid Tax Hike, Agri Slowdown
ITC Ltd is a big Indian company that sells cigarettes, food, and other products.
In the first quarter of its 2027 financial year, it earned less money than people expected.
The company made more sales overall, but its profits fell because cigarette taxes went up and its farm business did not do well.
The company sold more snacks and dairy products, but cigarette sales dropped a lot.
ITC is trying to keep customers by raising prices slowly and managing costs carefully.
Net profit fell 15.6% YoY to ₹4,508.79 crore, below estimates.
Consolidated revenue rose 27.6% YoY to ₹29,523.30 crore, but EBITDA dropped 24% to ₹5,181 crore.
Cigarette revenue fell 25% YoY due to a steep tax hike, while agri business revenue declined 16.55%.
FMCG segment grew 12% YoY, with dairy, snacks, noodles, and frozen snacks up over 20%.
ITC implemented 30 interventions, including staggered price increases, to mitigate cost pressures and protect consumer franchise.
- Who
- ITC Ltd
- What
- Q1 FY27 earnings miss
- When
- June quarter FY27, reported Friday
- Where
- India (Kolkata-based company)
- Why
- Steep cigarette tax hike, agri slowdown, higher input costs, West Asia conflict
- Net profit
- ₹4,508.79 crore (YoY -15.6%)
- Revenue
- ₹29,523.30 crore (YoY +27.6%)
- EBITDA
- ₹5,181 crore (YoY -24%)
- Cigarette revenue decline
- 25% YoY
- Agri business revenue decline
- 16.55% YoY
