ITC Q4 2026 Earnings Preview: Share Price Gains Ahead of Results Announcements

ITC Q4 Results 2026 LIVE: Cigarette Maker ITC Ltd to Announce Quarterly Results Today

The board of directors of ITC Ltd, a leading FMCG major, is set to meet on Thursday, 21 May 2026, to consider and approve the financial results of the company for the quarter and financial year ended 31st March, 2026. The meeting is expected to take place amidst anticipation of muted performance in the fourth quarter of FY26.

According to analysts, ITC's cigarette business is likely to remain under pressure due to recent tax hikes. The company's cigarette business revenue is expected to decline 2% and volume is expected to remain flattish on a year-on-year (YoY) basis during the March quarter. This is attributed to the increase in taxation, which has impacted the demand for cigarettes.

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On the other hand, ITC's FMCG segment is estimated to deliver healthy growth, with a 11% revenue growth, 37% EBIT growth, and 140 bps margin expansion. The agri business is seen growing 12%, while the paper business is expected to see 5% revenue growth. The cigarette EBIT is expected to decline 5% and margins are estimated to contract 70 bps YoY due to rising leaf tobacco prices and insufficient price hikes.

ITC's share price has traded higher ahead of the announcement of Q4 results today, indicating investor optimism about the company's performance. The final dividend for the financial year ended 31st March, 2026, is also expected to be considered and recommended by the ITC board. Stay tuned to this segment for live updates on ITC Q4 results today.