ITC500875Fmcg, cigarettes, agri,
ITC posted a revenue beat but margin miss in its quarterly results, with FMCG and paper businesses outperforming while cigarette volumes declined 7-8%
By ScoutQuest · · 1 min read
- Profit decline
- 20 percent
- Revenue growth
- 1.8 percent
- EBITDA decline
- 17 percent
- Margin
- 28 percent
- Cigarette revenue decline
- 21 percent
Heard on business television between 07:40:31 - 07:43:31 IST.
- Profit fell about 20%, revenue rose 1.8%, better than street expectations; EBITDA down 17% and margins at 28%.
- Cigarette revenue declined 21% and EBIT fell 27% due to sharp tax hikes.
- FMCG revenue grew 16% with EBIT growing faster at 28%, showing operating leverage; digital-first portfolio annual run rate at 1,800 crore.
- Agri revenue rose 12%, EBIT up 11%; paper revenue rose 36% on a low base with EBIT up 48%.
- Jefferies maintained a buy rating with target price of 350, citing cigarette tax pressure but FMCG and paperboard growth; cut EPS estimates by 2-3% for FY27-29.
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Source: Live TV News Channel · 3 Nov 2026
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