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The company has consistently prioritized aggressive expansion into emerging markets while maintaining a lean operational structure. Recent quarters show a pivot towards high-margin digital services, though capital expenditure remains elevated due to infrastructure investments.
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Comparison of ITC LTD against its top peers in the industry.
Consolidated Figures in Rs. Crores
Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | |||
|---|---|---|---|---|---|---|---|---|
| Sales + | 19,114 | 17,825 | 20,047 | 19,502 | 21,495 | 18,765 | 18,790 | 19,990 |
| Expenses + | 13,933 | 10,901 | 13,165 | 12,807 | 14,679 | 12,245 | 12,427 | 13,438 |
| Operating Profit | 5,181 | 6,924 | 6,882 | 6,695 | 6,816 | 6,520 | 6,363 | 6,552 |
| OPM % | 27% | 39% | 34% | 34% | 32% | 35% | 34% | 33% |
| Other Income + | 1,148 | 700 | 322 | 739 | 751 | 15,391 | 803 | 690 |
| Interest | 40 | 29 | 19 | 20 | 16 | 11 | 10 | 15 |
| Depreciation | 428 | 422 | 431 | 435 | 423 | 411 | 416 | 416 |
| Profit before tax | 5,861 | 7,173 | 6,754 | 6,979 | 7,128 | 21,489 | 6,740 | 6,811 |
| Tax % | 23% | 24% | 26% | 26% | 25% | 8% | 26% | 26% |
| Net Profit + | 4,509 | 5,470 | 5,018 | 5,187 | 5,343 | 19,808 | 5,013 | 5,054 |
| EPS in Rs | 3.51 | 4.30 | 3.94 | 4.09 | 4.19 | 15.76 | 3.94 | 3.99 |
Consolidated Figures in Rs. Crores (Half-Yearly & Annual)
| Mar '26 | Mar '25 | |
|---|---|---|
| Equity Capital | 1,253 | 1,251 |
| Reserves | 51,652 | 49,010 |
| Borrowings | 2,399 | 285 |
| Other Liabilities | 18,520 | 17,408 |
| Total Liabilities | 93,427 | 87,723 |
| Fixed Assets | 19,647 | 19,172 |
| CWIP | 1,675 | 1,161 |
| Investments | 0 | 0 |
| Other Assets | 74,145 | 68,919 |
| Total Assets | 93,792 | 88,091 |
Consolidated Figures in Rs. Crores (Annual)
| Mar '26 | Mar '25 | Mar '24 | |
|---|---|---|---|
| Cash from Operating Activity | 18,464 | 17,627 | 17,179 |
| Cash from Investing Activity | -2,321 | -364 | 1,563 |
| Cash from Financing Activity | -16,147 | -17,037 | -18,551 |
| Net Cash Flow | -4 | 226 | 191 |
| Mar '26 | Mar '25 | |
|---|---|---|
| Asset Turnover Ratio | 0.19 | 0.21 |
| Return on Equity (ROE %) | 10% | 39% |
| Return on Capital Employed (ROCE %) | 10% | 32% |