Slide 1: Cover letter to stock exchanges
30th October, 2025 The Manager The General Manager The Secretary Listing Department Dept. of Corporate Services The Calcutta Stock National Stock Exchange of BSE Ltd. Exchange Ltd. India Ltd. P. J. Towers 7, Lyons Range Exchange Plaza Dalal Street Kolkata 700 001 Plot No. C-1, G Block Mumbai 400 001
Slide 2: cc: Securities Exchange Commission
cc: Securities Exchange Commission Division of Corporate Finance Office of International Corporate Finance Mail Stop 3-9 450 Fifth Street Washington DC 20549 U.S.A. cc: Societe de la Bourse de Luxembourg 35A Boulevard Joseph II L-1840 Luxembourg
Slide 3: Media Statement: Financial Results for Quarter ended 30th September 2025
ITC Limited Virginia House 37 J. L. Nehru Road Kolkata, 700 071, India Tel.: 91 33 2288 9371 Fax: 91 33 2288 0655 Media Statement October 30, 2025 Financial Results for the Quarter ended 30th September, 2025 Highlights Standalone • Gross Revenue at Rs. 19148 cr.; up 7.1% YoY (ex-Agri Business) drive
Slide 4: Media Statement highlights (continued)
- Value Added Agri exports during the quarter were relatively subdued due to delayed call-offs by customers amid uncertainty account US tariffs; Continued focus on market development in new geographies and scaling up the business leveraging structural capabilities (sourcing, processing) • Paper Segm
Slide 5: FMCG Others business update
• Trade & marketing investments were sustained at competitive levels towards supporting growth and market standing. • Strong growth momentum continues in the Digital first & Organic portfolio, comprising the Yogabar, Mother Sparsh, Prasuma & Meatigo and 24 Mantra brands, clocking an ARR of appx. 110
Slide 6: FMCG Others product launches
continues to perform well. In the Fragrances category, Business strengthened its product portfolio with the launch of ‘Engage Eau De Toilette’ range of Perfumes comprising 4 innovative variants. ➢ The Education and Stationery Products Business sustained its leadership position amidst heightened comp
Slide 7: Paperboards, Paper and Packaging update
• The operating environment remained challenging during the quarter, with sustained influx of low- priced supplies into global markets including India, elevated domestic wood prices and subdued realisations - Initial signs of moderation in wood prices with improving availability. • Segment Revenue g
Slide 8: Sustainability Report and presentation links
The Sustainability Report 2025 is available on the Company’s corporate website at https://www.itcportal.com/sustainability/itc-sustainability-report-2025/itc-sustainability-report-2025.pdf Please refer link below for performance highlights of the quarter: https://www.itcportal.com/content/dam/itc-co
Slide 9: Q2 FY26 Results
Q2 FY26 Results 30th October, 2025 |1|
Slide 10: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain forward-looking statements including those describing the Company’s strategies, strategic direction, objectives, future prospects, estimates etc. Investors are cautioned that “forward looking statements” are based on certain assumptions o
Slide 11: Macro Economic Context
Macro Economic Context |3|
Slide 12: Macro Economic Environment
Macro Economic Environment Global growth slowing amidst persistent uncertainty India remains resilient 20. 0 Real GDP Growth YoY 18. 0 Nominal Real 7.7 16. 0 14. 0 12.0 3.7 12. 0 9.8 8.8 2.4 10. 0 2.1 1.4 8.0 9.2 3.2 1.6 2.0 4.8 6.0 7.8 1.2 4.0 6.5 World Adv. Eco US Euro Area China 2.0 0.0 2024 2025
Slide 13: High Frequency Indicators – Mixed Trends
High Frequency Indicators – Mixed Trends Benign Inflation (%) Rural > Urban consumption (Index) Pick up in Real Rural wage growth (YoY%) Percent Percent Real Farm YoY% Real Non Farm YoY% Inflation Policy rate (RHS) 7 6% 7 3% 6 6 5 0% 5 4 -3% 3 4 2 -6% 1 3 -9% Source: MOSPI, RBI Source: CITI Source:
Slide 14: Next Generation GST Reforms
Next Generation GST Reforms GST Rate Reduction in > 50% FMCG Portfolio Enhanced Affordability | Consumption Boost 18% → 5% 12% → 5% Nil Rate Agile ▪ Benefit passed on to consumers Execution ▪ Effective communication with Trade / Consumers ▪ Quick turnaround of IT Systems re-configuration & testing T
Slide 15: India Macro
India Macro Key Key Heightened Positives Monitorables Uncertainty Geopolitical Broad based disruptions Improving Benign Urban demand revival of growth outlook Inflation recovery Private Capex Trade Barriers Fiscal / GST Strong Bank & Higher Kharif External Reforms & Corporate Commodity crop output A
Slide 16: Q2 FY26 Results Headline Financials & Business Highlights
Q2 FY26 Results Headline Financials & Business Highlights |8|
Slide 17: Key Highlights: Q2 FY26
Key Highlights: Q2 FY26 Standalone Consolidated Gross Revenue EBITDA Gross Revenue EBITDA +7.1% +2.1% +7.9% +2.2% (Ex Agri Business) (Ex Paper up 3.2%) (Ex Agri Business) (Ex Paper up 3.2%) PAT PAT +4.1% +4.2% Strong operating performance by Group EBITDA Margin at 35.1% 185 bps companies (ITC Infote
Slide 18: Key Highlights: H1 FY26
Key Highlights : H1 FY26 Standalone Consolidated Gross Revenue EBITDA Gross Revenue EBITDA +7.9% +2.5% +8.4% +3.2% (Ex Paper up 4.0%) (Ex Paper up 4.6%) PAT PAT +3.0% +4.6% Strong operating performance by Group companies (ITC Infotech, Surya Nepal, ITC Hotels) | 10 |
Slide 19: Key Highlights: FMCG Others
Key Highlights ▪ FMCG – Others Segment sustained its Revenue growth momentum amidst GST transition & excessive rains in several parts of the country ̶ Revenue up 8% YoY excl. Notebooks ̶ Staples, Dairy, Premium Personal Wash & Agarbattis drive growth ̶ Continued deflationary conditions (low-priced p
Slide 20: Key Highlights: Cigarettes and Agri Business
Key Highlights ▪ Cigarettes Net Segment* Revenue up 6.8% YoY ̶ Strong performance sustained in differentiated & premium offerings ̶ Strategic portfolio & market interventions, with focus on competitive belts and to counter illicit trade, drive growth & reinforce market standing ̶ Leaf Tobacco consum
Slide 21: Key Highlights: Paperboards, Paper and Packaging
Key Highlights ▪ Paperboards, Paper and Packaging Segment: Paper Segment performance improves sequentially with profit up 17% (margins up 90 bps QoQ) ̶ Overall Industry remains impacted by low-priced supplies, high wood prices & subdued realisation ▪ Initial signs of moderation in wood prices with i
Slide 22: ITC Next Strategy
ITC Next Strategy Future Tech | Consumer Centric | Climate Positive | Inclusive Multiple Drivers Innovation and Supply Chain Digital Sustainability Cost Agility & of Growth R&D 2.0 Productivity Agile Agile Digital first culture Responsible Structural Future Ready Purposeful Resilient Competitiveness
Slide 23: FMCG Cigarettes
MM ENA Enduring Value FMCG Cigarettes
Slide 24: FMCG Cigarettes – Q2 FY26
FMCG Cigarettes – Q2 FY26 ▪ Net Segment Revenue* up 6.8% YoY ▪ Strong growth sustained in differentiated and premium offerings Segment Revenue ▪ Strategic portfolio and market interventions with focus on competitive belts and to 8723 cr. 6.7% counter illicit trade, drive volume-led growth and reinfo
Slide 25: FMCG Cigarettes: Reinforcing market standing
FMCG Cigarettes Reinforcing market standing Innovation Portfolio Fortification • Classic Connect • Gold Flake • Scissors • American Club Clove Mint • Classic • Flake Spl • Gold Flake Indie Mint • Silk Cut Red Recent Introductions • Classic Clove • Gold Flake SLK Range • Flake Insta Fresh • Classic R
Slide 26: FMCG Others Q2 FY26
‘Besan ‘porPeDy ‘Set the mood for monsoon POPPED TO with crispy pakoras, PERFECTION gf € ROLL INTO. A NEW FANTAS MM ENA Enduring Value ENGAGE classmate THIS NAVRATRI, : ; Enjoy Learning AND SPREAD THE FRAGRANCE OF LOVE FMCG Others Q2 FY26 AIM. Pace Pe om emnn Paperkraft
Slide 27: FMCG Others – Q2 FY26
FMCG Others – Q2 FY26 ▪ Revenue growth momentum sustained amidst GST transition & excessive rains; Segment Revenue up 8% YoY ex-Notebooks - Staples, Dairy, Premium Personal Wash & Agarbattis drive growth - Notebooks industry continues to operate under deflationary conditions due to low-priced paper
Slide 28: FMCG Others: Sequential improvement in margins
Sequential improvement in FMCG Others margins continues ▪ Segment EBITDA margin up 50 bps QoQ - Prices of major commodities (viz edible oil, wheat, maida, cocoa, soap noodles etc.) remain elevated on YoY basis ▪ Businesses continued to mitigate impact through focused cost management initiatives, pre
Slide 29: Future-Ready Portfolio
Future-Ready Portfolio Recent Launches Fortifying the Core Engage EDT Addressing New Growth Absolute | Intensity Adjacencies Vectors Aashirvaad Bingo! Dark Fantasy Sunfeast Baked Creations ITC Master Chef Pink Salt |Butter & Peanut Butter Choco | Vanilla Mangaldeep Scent French Style Butter Cookies
Slide 30: Deepening Consumer Engagement
Deepening Consumer Engagement Impactful Brand Integration | 22 |
Slide 31: Clutter breaking communication
Clutter breaking communication Sharpening Value Proposition Festive Prep with Savlon | 23 |
Slide 32: Agri Business
A Enduring Value Agri Business
Slide 33: Agri Business – Q2 FY26
Agri Business – Q2 FY26 ▪ High base effect and timing difference - H1 Revenue +7% YoY & Profits +10% YoY ▪ Strong growth in Leaf tobacco exports - Crop development expertise| Superior product quality| Strong customer relationships Segment Revenue ▪ Value-added Agri portfolio relatively subdued → del
Slide 34: Paperboards, Paper & Packaging
Paperboards, Paper & Packaging | 26 |
Slide 35: Paperboards, Paper & Packaging – Q2 FY26
Paperboards, Paper & Packaging – Q2 FY26 Segment Results up 17% QoQ ▪ Performance improves sequentially with Profits ↑17% QoQ; margins ↑90 bps QoQ Segment Revenue - Low-priced supplies, subdued realisations & elevated wood prices continue to impact 2220 cr. 5.0% Industry; Initial signs of moderation
Slide 36: Financials
Financials | 28 |
Slide 37: Key Financials - Standalone
Key Financials - Standalone Q Rs. Cr. 2 Q2 FY26 Q2 FY25 GOLY P Gross Revenue 19,148 19,686 -2.7% ex Agri up 7.1% YoY Net Revenue 17,834 18,447 -3.3% EBITDA 6,252 6,123 2.1% ex Paper up 3.2% YoY PBT 6,851 6,617 3.5% PAT 5,180 4,976 4.1% CY profit includes exceptional item of Rs.88 cr. (proceeds recei
Slide 38: Key Financials – Consolidated
Key Financials – Consolidated Rs. Cr. Q2 FY26 Q2 FY25 Goly(%) Gross Revenue 21047 21387 -1.6% ex Agri up 7.9% YoY EBITDA 6695 6552 2.2% ex Paper up 3.2% YoY PBT 6979 6736 3.6% PAT 5187 4979 4.2% Total Comprehensive Income 5052 4642 8.8% Strong performance by Group companies led by ITC Infotech India
Slide 39: Segment Revenue
Segment Revenue Q2 • FMCG Others YoY Rs. cr. FY26 FY25 - Sustained growth momentum amidst GST transition & growth excessive rains – Revenue up 8% YoY excl. Notebooks Segment Revenue - Staples, Dairy, Premium Personal Wash & Agarbattis a) FMCG - Cigarettes 8723 8177 6.7% drive growth - Others 5964 55
Slide 40: Segment Results
Segment Results Q2 YoY Rs. cr. FY26 FY25 growth • Cigarettes Segment Results ‒ Leaf tobacco consumption cost remain elevated a) FMCG - Cigarettes 5241 5023 4.3% - Others 440 442 -0.3% • Moderation in leaf tobacco procurement prices Total FMCG 5681 5465 3.9% witnessed in current crop cycle b) Agri Bu
Slide 41: ITC – A Global Exemplar in Sustainability
ITC – A Global Exemplar in Sustainability | 33 |
Slide 42: Impactful Social Performance
Impactful Social Performance On-farm livelihood Off-farm livelihood ITC e-Choupal Natural Resources diversification – Afforestation diversification – Livestock Climate Smart Agriculture Management – Water 4 Million Farmers Development Over 31.7 lac* acres covered Stewardship Over 14.2 lac acres Over
Slide 43: ITC Infotech
ITC Infotech | 3535|
Slide 44: ITC Infotech
ITC Infotech Customer Centricity | Employee Centricity | Operational Excellence • Broad based growth; Healthy Total Contract Value (TCV) signings • Investments continue in capability building in strategic focus areas, sales org. & infrastructure EBITDA margin @ upper-end of mid-tier IT cos. EBITDA a
Slide 45: ITC: Enduring Value
ITC: Enduring Value A passion for in a way that is and Profitable growth... Sustainable… Inclusive. | 37 |
Slide 46: Links
Links Product/initiative Link Bingo! on Instagram https://www.instagram.com/bingo_snacks/ YiPPee! on Instagram https://www.instagram.com/sunfeast_yippee/ Aashirvaad on Instagram https://www.instagram.com/aashirvaad/ Sunfeast Dark Fantasy on Instagram https://www.instagram.com/sunfeastdarkfantasy/ Mo