Itc Limited · NSE:ITC
Itc — Q1 FY26 Earnings Presentation
40 slides from Itc's earnings presentation, Aug 1, 2025
Slide 1: Q1 FY26 Results
Q1 FY26 Results 01st August, 2025 |1|
Slide 2: 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 3: Macro Economic Context
Macro Economic Context |3|
Slide 4: Macro Economic Environment
Macro Economic Environment Global growth slowdown | Heightened Uncertainty India remains resilient Real GDP Growth YoY Real GDP Growth YoY 9.2 7.6 6.5 6.5 FY23 FY24 FY25E FY26P ▪ FY26 GDP expected to grow by 6.5% (similar level in FY25) ▪ Global GDP growth remains below trend − Macro fundamentals re
Slide 5: High Frequency Indicators – Mixed Trends
High Frequency Indicators – Mixed Trends Moderation in Inflation (Quarterly Average, yoy%) Uptick in Services PMI (Index) Real Rural wages pick up (YoY%) 64.0 62.0 60.4 60.0 58.0 56.0 54.0 Source: MOSPI Source: HSBC Source: Labour Bureau, CMIE Slowing Bank credit growth (YoY%) Industrial production
Slide 6: India Macro
India Macro Key Key Heightened Positives Monitorables Uncertainty Geopolitical Urban demand disruptions Stable growth Moderating Credit Growth outlook Inflation recovery Trade tariffs Frontloaded Strong Bank & External Kharif sowing Fiscal & Commodity Corporate Account trends Monetary price volatili
Slide 7: Q1 FY26 Results Headline Financials & Business Highlights
Q1 FY26 Results Headline Financials & Business Highlights |7|
Slide 8: Key Highlights: Q1 FY26
Key Highlights: Q1 FY26 Standalone Consolidated Gross Revenue EBITDA Gross Revenue PAT +20% +3% +20% +5% Ex paper up 5% Resilient performance amidst a Strong performance by major Group challenging operating environment companies (Surya Nepal, ITC Infotech, ITC Hotels) |8|
Slide 9: Key Highlights: FMCG – Others
Key Highlights ▪ FMCG – Others Segment witnessed pick up in Revenue growth momentum; up 8.6% YoY ex-Notebooks ̶ Overall growth at 5.2% YoY; Notebooks industry continues to operate under deflationary conditions (low-priced paper imports) & opportunistic play by local/regional players; Unseasonal rain
Slide 10: Key Highlights: Cigarettes and Agri Business
Key Highlights ▪ Cigarettes Net Segment Revenue up 7.7% YoY ̶ Differentiated & premium offerings continue to perform well ̶ Market standing continues to be reinforced through strategic portfolio & market interventions with focus on competitive belts & to counter illicit trade ̶ Underlying business p
Slide 11: Key Highlights: Paperboards, Paper and Packaging
Key Highlights ▪ Paperboards, Paper and Packaging Segment reflects impact of sustained influx of low-priced supplies into global markets including India, elevated domestic wood prices and subdued realisations ̶ Segment Revenue up 7% YoY driven by higher volumes ̶ Specialty Papers segment witnessed r
Slide 12: 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 13: FMCG Cigarettes
MM ENA Enduring Value FMCG Cigarettes
Slide 14: FMCG Cigarettes – Q1 FY26
FMCG Cigarettes – Q1 FY26 Strong volume led revenue growth ▪ Net Segment Revenue* up 7.7% YoY Segment Revenue ▪ Strategic portfolio and market interventions with focus on competitive belts and to counter illicit trade, drive volume-led growth and reinforce market standing 8520 cr. 7.6% ̶ Premium seg
Slide 15: FMCG Cigarettes: Reinforcing market standing
FMCG Cigarettes Reinforcing market standing Innovation Portfolio Fortification • Classic Connect • Scissors • American Club Clove Mint • Flake Spl • Gold Flake Indie Mint • Silk Cut Red Recent Introductions • Classic Clove • Gold Flake SLK Range • Flake Insta Fresh • Classic Icon • Gold Flake Nova •
Slide 16: FMCG Others
Masaledar chole ka asli saathi MP Chakki Atta se bani garam roti! = ROLL INTO ape FANTAS Mothers @ ( Day MM ENA Enduring Value classmate Enjoy Learning FMCG Others Se sfnteas "AASHRVAAD 9 unfeard es SUNBEAN
Slide 17: FMCG Others – Q1 FY26
FMCG Others – Q1 FY26 Pickup in Revenue growth momentum ▪ FMCG Businesses witnessed pick up in growth momentum; up 8.6% YoY ex-Notebooks - Overall growth at 5.2% YoY; Notebooks industry continues to operate under deflationary conditions due to low-priced paper imports & opportunistic play by local/r
Slide 18: FMCG Others: Sequential improvement in margins
FMCG Others Sequential improvement in margins ▪ 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, premiumisatio
Slide 19: Future-Ready Portfolio Recent Launches
Future-Ready Portfolio Recent Launches Fortifying the Core Addressing New Growth Adjacencies Vectors Sunfeast! Mom’s Magic Shines Sunrise Spices Engage Double Power Aashirvaad Sunfeast Fantastik Aashirvaad Bingo! Mad Angles Shahi Paneer Mate & Urge Ready to cook Choco Meltz Boga Atta Mystery Pickle
Slide 20: Future-Ready Portfolio: Digital + Organic
Future-Ready Portfolio Digital + Organic | 20 |
Slide 21: Deepening consumer engagement
Deepening consumer engagement | 21 |
Slide 22: Clutter breaking communication
Clutter breaking communication Sharpening Value Proposition Impactful Brand Collabs | 22 |
Slide 23: Agri Business
A Enduring Value Agri Business
Slide 24: Agri Business – Q1 FY26
Segment Revenue up 39% YoY driven by Agri Business – Q1 FY26 Bulk Commodities & exports of Leaf Tobacco ▪ Agile execution of trading opportunities leveraging multi-model agri commodity sourcing network ▪ Strong growth in Leaf tobacco exports → crop development expertise, superior product quality & s
Slide 25: Paperboards, Paper & Packaging
Paperboards, Paper & Packaging | 25 |
Slide 26: Paperboards, Paper & Packaging – Q1 FY26
Resilient performance amidst a Paperboards, Paper & Packaging – Q1 FY26 challenging operating environment Segment Revenue ▪ Low-priced supplies into global markets including India, subdued realisations and elevated wood prices continue to impact Industry performance 2116 cr. 7.0% ▪ Décor segment con
Slide 27: FoodTech Business
MM ENA Enduring Value FoodTech Business Ne AASHIRVAAD SOUL CREATIONS SANSHO BY ITC MASTER CHEF _ITC__ MASTER CHEF — Creations Sunfeast Baked Creations yc we p a
Slide 28: FoodTech Business – Q1 FY26
FoodTech Business – Q1 FY26 Full-stack platform | Strong brands | Diverse cuisine ▪ New vector of growth envisioned in the ITC Next strategy GMV in FY25 ― Leverages ITC’s institutional strength in Food Science & Manufacturing, FMCG Food brands and culinary expertise >Rs. 100 cr. ― Incubated over pas
Slide 29: FoodTech: Strong Brands, Diverse Cuisines
FoodTech Strong Brands | Diverse Cuisines Full Stack Platform North Indian World of Bakery Pan Asian Occasional Authentic Taste, Gourmet Master Chef Recipes Home-style Recipes, Global formats, adapted Gourmet Chinese, Wholesome & Pure Veg for Indian Palate Thai & more! Daily Comfort Indulgent | 29 |
Slide 30: Financials
Financials | 30 |
Slide 31: Key Financials - Standalone
Key Financials - Standalone Q Rs. Cr. 2 Q1 FY26 Q1 FY25 GOLY P Gross Revenue 20,911 17,457 19.8% Net Revenue 19,624 16,252 20.7% EBITDA 6,261 6,087 2.9% ex Paper up 5% YoY PBT 6,545 6,422 1.9% PAT 4,912 4,820 1.9% | 31 |
Slide 32: Key Financials – Consolidated
Key Financials – Consolidated Rs. Cr. Q1 FY26 Q1 FY25 GOLY Gross Revenue 23,007 19,239 19.6% EBITDA 6,816 6,545 4.2% ex Paper up 6% YoY PBT 7,128 6,819 4.5% PAT 5,343 5,092 4.9% Total Comprehensive Income 5,557 4,943 12.4% Strong performance by Group companies led by ITC Infotech India Limited, Sury
Slide 33: Segment Revenue
Segment Revenue Q1 • FMCG Others YoY - Pick up in Revenue growth momentum - up 8.6% YoY excl. Rs. cr. FY26 FY25 growth Notebooks Segment Revenue - Notebooks industry witnessing deflationary conditions / a) FMCG - Cigarettes 8520 7918 7.6% local competition (low-priced paper imports); unseasonal rain
Slide 34: Segment Results
Segment Results Q1 YoY • Cigarettes Rs. cr. FY26 FY25 growth ‒ Underlying business performance remains resilient; Segment Results reported YoY growth reflects, inter alia, the impact of a) FMCG - Cigarettes 5145 4960 3.7% high cost leaf tobacco inventory consumption in current quarter; moderation in
Slide 35: ITC – A Global Exemplar in Sustainability
ITC – A Global Exemplar in Sustainability | 35 |
Slide 36: 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 13.3 lac acres Over
Slide 37: Sustainability 2.0 Targets 2030
Sustainability 2.0 Sustainability Targets 2030 REDUCE I RECYCLE I RESTORE Raising the Bar Strategic Interventions to Combat Climate Change Renewable Specific GHG Recyclable Plastic Plastic Energy Emissions Packaging Neutrality De-Carbonization Climate Adaptation and 100% Resilience 50% 50% 100% Coll
Slide 38: Sustainability – Highlights
Sustainability – Highlights • Comprehensive policies & guidelines institutionalised • 9 ITC Units have received AWS (Alliance for Water Stewardship) Platinum certification • ~52% energy from renewable sources • Maintained Plastic Neutrality - ~76,000 MT of plastic waste managed in FY25 • Approx. 800
Slide 39: ITC: Enduring Value
ITC: Enduring Value A passion for in a way that is and Profitable growth... Sustainable… Inclusive. | 39 |
Slide 40: 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