ITC Limited , one of India's leading conglomerates, has reported a robust performance for the second quarter, with profit growth outpacing market expectations despite a slight dip in revenue.

Profit Growth and Revenue Performance

ITC reported a 3% year-on-year increase in consolidated net profit to Rs 5,126.00 crore for the second quarter. However, the company's revenue declined by 1% to Rs 21,256.00 crore during the same period.

Segment-wise Performance

The FMCG – Others segment showed impressive performance with 8% revenue growth (excluding notebooks). This growth was primarily driven by staples, dairy, premium personal wash, and agarbattis. However, the segment faced operational challenges due to excessive rains and the transition to the GST regime.

The notebooks business remained under pressure, attributed to low-priced paper imports and increased competition in the market.

GST Impact and Margin Improvement

ITC reported that GST rates were reduced for over half of its FMCG portfolio, with the benefits being passed on to consumers. Despite this, the company managed to improve its EBITDA margin by 50 basis points quarter-on-quarter. This improvement was achieved through effective revenue management, price-volume-value rebalancing, and cost optimization strategies.

Challenges and Resilience

While facing operational challenges from excessive rains and the GST regime transition, ITC demonstrated resilience in its overall performance. The company's ability to grow profits despite a slight revenue decline highlights its effective cost management and strategic pricing initiatives.

Conclusion

ITC's Q2 results showcase the company's ability to navigate a complex economic landscape, delivering profit growth despite revenue challenges. The diverse business portfolio, particularly the strength shown in the FMCG segment, continues to provide stability.

ITC Ltd. , a diversified conglomerate with interests in FMCG, paperboards, packaging, agri-business, and information technology, is set to make significant announcements at its upcoming board meeting. The company, known for its presence in various sectors, has scheduled a board meeting for October 30, 2025, to discuss financial results and a potential delisting from the Calcutta Stock Exchange.

Key Highlights

• Board Meeting Date: October 30, 2025
• Agenda Items:
  1. Approval of Q2 and H1 FY2026 financial results
  2. Consideration of voluntary delisting from Calcutta Stock Exchange

Financial Results

The board will review and approve the unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2025. This comes after a strong performance in the previous quarter, where ITC reported:

Potential Delisting

In a significant move, ITC's board will consider a proposal for voluntary delisting of its ordinary shares from the Calcutta Stock Exchange Limited. This decision, if approved, could streamline the company's listing status, potentially focusing on its presence on the National Stock Exchange and BSE.

Trading Window Closure

As per regulatory requirements, ITC has closed the trading window for designated employees from October 1, 2025, until 48 hours after the declaration of results. This measure ensures compliance with insider trading regulations and maintains market integrity.

Stock Performance

ITC's stock has faced challenges in the current calendar year:

• Year-to-Date Performance: -13.59%
• Recent Trading: ₹418.20 (as of the latest trading session, down 0.58%)

Investors and market watchers will be keenly awaiting the Q2 results and the outcome of the delisting proposal, which could potentially impact the stock's future performance and trading dynamics.

As ITC prepares to release its latest financial figures and consider strategic changes to its listing status, stakeholders will be closely monitoring these developments for insights into the company's financial health and future direction in India's dynamic market landscape.