StocksMedium•2 November 2026•
1 min read
ITC Q2 Net Profit Drops 18.45% as Surging Expenses Offset Revenue Growth
Key Facts
1ITC reported an 18.45% decline in consolidated net profit to ₹4,229.33 crore for the September quarter.
2Revenue from operations rose 43.85% to ₹30,578.4 crore, driven by growth in non-cigarette businesses.
3Total expenses increased 69.6% year-on-year to ₹25,462.44 crore.
ITC reported an 18.45% decline in consolidated net profit to ₹4,229.33 crore for the quarter ended September 2026. Business Standard reported that revenue from operations rose 43.85% to ₹30,578.4 crore, driven by growth in non-cigarette business segments.
The profit decline was primarily caused by total expenses jumping 69.6% year-on-year to reach ₹25,462.44 crore. ITC shares saw marginal movement as the operating environment faced persistent inflationary pressures and global supply chain disruptions.