Business · Companies · 7 hrs ago
ITC to announce July–September results on November 2
ITC will announce its July–September results on November 2, after its board reviews the figures.
The company is a major Indian consumer-goods business with a large cigarette operation.
Higher cigarette taxes introduced in February 2026 are putting pressure on earnings, according to the information provided.
ITC has raised prices in stages to recover some costs while trying to limit lost sales and customers switching to illegal products.
HDFC Securities estimates revenue will rise 7%, but forecasts that adjusted profit will fall 24% year on year.
The brokerage also expects earnings from operations to decline, citing cigarette taxes and weaker margins across the business.
The actual results are due when the company reports them on November 2.
ITC said its board will meet on November 2, 2026, to consider and approve results for the July–September quarter.
The board will also consider results for the six months ended September 30.
HDFC Securities estimated that ITC’s revenue would rise 7% year on year to about ₹20,816 crore.
The brokerage forecast EBITDA would fall 24% to ₹5,094 crore and adjusted profit after tax would fall 24% to ₹3,846 crore.
It attributed pressure on earnings to higher cigarette taxes, lower sales and volumes, and weaker margins.
- Who
- ITC’s board of directors.
- What
- It will consider and approve the company’s unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2026.
- When
- The board meeting is scheduled for November 2, 2026.
- Where
- Not stated.
- Why
- To consider and approve the financial results.
This story does not have two clearly opposing sides.
Higher cigarette taxes were introduced, according to the article.
ITC reported a 27% decline in profit, which the article linked to fresh cigarette tax hikes.
ITC’s board meeting date was reported in an exchange filing on Friday.
ITC’s board is scheduled to consider and approve the July–September results.
- Board meeting
- November 2, 2026
- Results period
- Quarter and six months ended September 30, 2026
- Revenue estimate
- ₹20,816 crore, up 7% year on year
- EBITDA estimate
- ₹5,094 crore, down 24%
- Adjusted PAT estimate
- ₹3,846 crore, down 24%
What people are saying
We write to advise that a Meeting of the Board of Directors of the Company has been convened for Monday, 2nd November, 2026, inter alia, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company along with the Segment-wise Revenue, Results, Assets and Liabilities for the Quarter and Six Months ended 30th September, 2026, the Balance Sheet as on that date, the Statement of Cash Flows for the half year ended on that date and the Notes thereto.
ITC's cigarette revenue is hitting the company's profit dearly. However, for this slump, the company is not responsible, but the newly levied taxes are responsible for this.
ITC share price has strong support at ₹246. Existing shareholders are advised to hold the scrip, maintaining a stop-loss at ₹246. The stock may touch ₹275 in the near-term on a potential bounce back.