Slide 1: Q3 FY26 Results
Q3 FY26 Results 29th January, 2026 |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 Marginal improvement in Global growth outlook India: Macroeconomic stability & resilience Real GDP Growth YoY 7.7 3.7 2.1 2.4 1.4 3.3 3.3 1.7 1.8 2.1 2.4 1.4 1.3 5.0 4.5 World Adv. Eco US Euro Area China 2025e 2026f 2010-19 average Global growth forecast for 2026 up 20 b
Slide 5: High Frequency Indicators
High Frequency Indicators Benign Inflation (%) Sustained Rural demand (Index) Credit offtake improves (Non food bank credit growth YoY%) 9.0 14.4 Inflation Policy rate 6.0 12.2 10.2 10.4 3.0 8.8 0.0 Source: MOSPI, RBI Source: CITI Source: RBI, CMIE Sharp decline in the Rupee (INR/USD) Elevated Merch
Slide 6: India Macro
India Macro Key Key Heightened Positives Monitorables Uncertainty Geopolitical Sustained Broad based disruptions Benign Urban demand growth revival of Inflation recovery momentum Private Capex Trade Barriers Income Tax, Strong Bank & External Rabi sowing Commodity Fiscal Deficit GST, Interest Corpor
Slide 7: Q3 FY26 Results Headline Financials & Business Highlights
Q3 FY26 Results Headline Financials & Business Highlights |7|
Slide 8: Key Highlights: Q3 FY26
Key Highlights: Q3 FY26 Consolidated Standalone Gross Revenue PBT (bei) Gross Revenue EBITDA +7.1% +8.8% +6.3% +7.6% (Ex Paper +8.3%) PAT (bei) PAT (bei) +9.9% +6.8% Robust performance by Group entities EBITDA Margin at 35.1% 50 bps (ITC Infotech, Surya Nepal & ITC Hotels) bei– Before Exceptional It
Slide 9: Key Highlights
Key Highlights FMCG – Others Segment delivers robust performance - Double digit Revenue growth (up 11% YoY); EBITDA margin expansion (up 145 bps YoY) ̶ Staples, Biscuits, Noodles, Dairy, Premium Personal Wash, Homecare & Agarbattis drive growth ̶ Incipient signs of recovery in Notebooks Continue
Slide 10: Key Highlights
Key Highlights Cigarettes Business: Sustained volume-led growth momentum; Net Segment Revenue* up 7.9% YoY ̶ Strong performance in differentiated & premium offerings, leveraging mainstream trademarks & innovation ̶ Continued focus on strategic portfolio / market interventions to reinforce market s
Slide 11: Key Highlights
Key Highlights Paperboards, Paper and Packaging: Continued improvement in operating performance of Paper Segment; underlying profits up 19% QoQ & 11% YoY ̶ Performance includes impact of planned shutdown for maintenance of HPRB/Paper machines Reported profits up 3.6% QoQ, margins up 40 bps ̶ Ove
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
MENS Enduring Value FMCG Cigarettes
Slide 14: FMCG Cigarettes – Q3 FY26
FMCG Cigarettes – Q3 FY26 Segment Revenue Net Segment Revenue* up 7.9% YoY 8791 cr. 8.0% Strong growth sustained in differentiated and premium offerings Strategic portfolio and market interventions with focus on competitive belts to counter illicit trade and reinforce market standing Segment R
Slide 15: FMCG Cigarettes: Reinforcing market standing
FMCG Cigarettes Reinforcing market standing Innovation Portfolio Fortification • Classic Connect • Gold Flake • Silk Cut Red • American Club Clove Mint • Scissors • Classic • Gold Flake Indie Mint • Flake Spl Recent Introductions • Classic Clove • Gold Flake Snap Mint • Capstan Clove • Classic Refin
Slide 16: FMCG Others Q3 FY26
‘Set the mood for monsoon with crispy pakoras. : a = ‘This is What Pure. : - E 3 Indulgence Tastes Like Enduring Value Merri: Rin ' Now At A More ond after sin tif x ae x Affordable Price FMCG Others Q3 FY26 MASTER ~CH
Slide 17: FMCG Others – Q3 FY26
Double Digit Revenue growth FMCG Others – Q3 FY26 (+11% YoY) Broad-based growth across categories - Staples, Biscuits, Noodles, Dairy, Premium Personal Wash, Homecare & Agarbattis drive growth - Robust growth in NewGen channels Sharp execution of business plans | Collaborations | Format-based as
Slide 18: FMCG Others Segment PBIT up 42% YoY
FMCG Others Segment PBIT up 42% YoY EBITDA margin expands 145 bps YoY - Calibrated pricing actions, premiumisation & focused cost management initiatives Prices of major commodities (edible oil, wheat, maida, cocoa, soap noodles etc.) largely stable during the quarter; remain elevated on YoY basi
Slide 19: Future-Ready Portfolio Recent Launches
Future-Ready Portfolio Recent Launches Fortifying the Core Addressing Adjacencies New Growth Vectors YiPPee! ITC Master Chef Bingo! Korean Crispy Cheese Fills| Chilli Cheese I Hot & Multipurpose Piri Piri Prawns Spicy I Hot & Sweet Masala Sunfeast Baked Creations Yoga Bar French Style Butter Pro Cle
Slide 20: Deepening Consumer Engagement
Deepening Consumer Engagement Impactful Brand Integration | 20 |
Slide 21: Clutter-breaking Communication
Clutter-breaking Communication Mangaldeep - World record @ Classmate: Sharpening Value Proposition – 360o campaign Ayodhya’s Deepotsav | 21 |
Slide 22: Agri Business
Is SOFT Enduring Value Agri Business
Slide 23: Agri Business – Q3 FY26
Agri Business – Q3 FY26 Robust growth in Value-added Agri portfolio (VAAP) driven by Aqua & Coffee - Continued strategic focus on rapidly scaling up VAAP portfolio Strong growth in Leaf Tobacco exports Segment Revenue - Crop development expertise | Superior product quality | Strong customer rela
Slide 24: Paperboards, Paper & Packaging
Paperboards, Paper & Packaging | 24 |
Slide 25: Paperboards, Paper & Packaging – Q3 FY26
Paperboards, Paper & Packaging – Q3 FY26 Underlying Profits ↑19% QoQ | ↑11% YoY Underlying performance improves; planned shutdown for maintenance of HPRB/Paper machines Segment Revenue - Reported profits up 3.6% QoQ, margins up 40 bps 2202 cr. 2.7% Industry remains impacted: Low-priced import |
Slide 26: FoodTech Business
MENS Enduring Value FoodTech Business SOUL CREATIONS “ig Se at : AASHIRVAAD f i Ve Sunfeast BY ITC MASTER CHEF Baked Creations
Slide 27: FoodTech Business – Q3 FY26
YTD Dec’25 GMV ~150 cr. FoodTech Business – Q3 FY26 Doubled YoY YTD Dec’25 New vector of growth envisioned in the ITC Next strategy GMV ― Leverages Company’s expertise in Food Science & Manufacturing, FMCG Food ~ Rs. 150 cr. brands and Culinary expertise Full-stack FoodTech platform Witnessing
Slide 28: FoodTech – Full Stack Platform
FoodTech – Full Stack Platform Strong Brands | Diverse Cuisines 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 | 28
Slide 29: Financials
Financials | 29 |
Slide 30: Key Financials - Standalone
Key Financials - Standalone Rs. Cr. Q3 FY26 Q3 FY25 GOLY (%) Gross Revenue 19200 18055 6.3% EBITDA 6271 5828 7.6% ex-Paper up 8.3% YoY PBT (bei) 6959 6546 6.3% PAT (bei) 5294 4958 6.8% Exceptional Items (274) 528 PBT 6685 7074 -5.5% PAT 5089 5421 -6.1% Exceptional items: CY : Est. one-time impact on
Slide 31: Key Financials – Consolidated
Key Financials – Consolidated Rs. Cr. Q3 FY26 Q3 FY25 GOLY (%) Gross Revenue 21578 20140 7.1% EBITDA 6883 6362 8.2% PBT (bei) 7109 6536 8.8% PAT (bei) 5284 4810 9.9% Exceptional Items (355) PBT 6754 6536 3.3% PAT 5018 4810 4.3% Robust performance by Group entities led by ITC Infotech India Ltd, Sury
Slide 32: Segment Revenue
Segment Revenue Q3 • FMCG Others YoY Rs. cr. FY26 FY25 - Double digit Revenue growth growth - Staples, Biscuits, Noodles, Dairy, Premium Personal Wash, Segment Revenue Homecare & Agarbattis drive growth a) FMCG - Cigarettes 8791 8136 8.0% - Incipient Signs of recovery in Notebooks - Others 6020 5418
Slide 33: Segment Results
Segment Results Q3 YoY Rs. cr. FY26 FY25 growth Segment Results • Cigarettes a) FMCG - Cigarettes 5177 4924 5.1% ‒ Leaf tobacco consumption cost remain elevated - Others 450 317 42.0% Moderation in procurement prices for leaf tobacco Total FMCG 5627 5241 7.4% witnessed in current crop cycle b) Agr
Slide 34: ITC – A Global Exemplar in Sustainability
ITC – A Global Exemplar in Sustainability | 34 |
Slide 35: Impactful Social Performance
Impactful Social Performance On-farm livelihood diversification Off-farm livelihood diversification ITC e-Choupal Climate Smart Agriculture^ Natural Resources Management – Afforestation – Livestock Development 4 Million Farmers Over 29.6 lac acres covered in – Water Stewardship Over 14.2 lac acres O
Slide 36: ITC: Enduring Value
ITC: Enduring Value A passion for in a way that is and Profitable growth... Sustainable… Inclusive. | 36 |
Slide 37: 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