ITC reported a 16.2% year-on-year decline in consolidated profit to ₹4,394.13 crore for the first quarter of fiscal year 2027, ending June 30. This compares with ₹5,244.20 crore in the same quarter last year. Revenue from operations increased 27.6% year-on-year to ₹29,523.30 crore, marking a 23.9% rise sequentially from the previous quarter, according to livemint.com.
The company’s consolidated profit also fell 18.4% quarter-on-quarter from ₹5,387.97 crore in Q4FY26. The revenue growth was driven by strong performance in key segments, including an 81% surge in cigarette revenue year-on-year. ITC’s financial results were announced on July 31, reflecting mixed performance across its business verticals.
The decline in profit despite revenue growth highlights margin pressures or increased costs faced by ITC. The company’s cigarette business showed robust growth, which is significant given the regulatory and market challenges in the sector. ITC’s results contrast with some FMCG peers that have reported profit growth, underscoring the competitive and cost environment in India’s consumer goods market.
ITC’s next quarterly earnings report will provide further insight into whether the profit decline trend continues or stabilizes. The company’s revenue of ₹29,523.30 crore for Q1FY27 sets a new benchmark for its scale of operations in the current financial year, as per livemint.com.