ITC Limited (NSE:ITC)

ITC Limited Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	772,550	788,684	753,233	679,319	709,369	606,681
Revenue Growth	-1.65%	4.71%	10.88%	-4.24%	16.93%	23.13%
Gross Profit Gross Profit Growth	442,740	456,212	427,096	402,527	410,729	336,206
Operating Income Operating Income Growth	228,495	255,955	241,931	236,695	238,607	188,701
Net Income Net Income Growth	188,817	206,895	347,466	204,588	191,917	152,427
Earnings Per Share EPS Growth	15.07	16.51	27.75	16.39	15.46	12.37
EPS Growth	-46.09%	-40.51%	69.34%	6.01%	24.98%	15.62%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
FMCG - Cigarettes FMCG - Cigarettes Growth	544,666	406,010	358,936	336,680	312,675	261,583
FMCG - Others FMCG - Others Growth	263,683	243,216	220,151	210,022	191,531	160,233
Agri Businesses Agri Businesses Growth	197,141	207,873	201,638	161,244	184,434	164,657
Paperboards, Paper and Packaging Paperboards, Paper and Packaging Growth	97,594	87,686	84,246	83,444	90,814	76,416
Others Others Growth	54,384	50,362	42,881	37,574	32,627	27,992

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	215,228	245,110	204,870	199,039	218,764	182,045
Total Debt Total Debt Growth	4,914	23,994	2,848	3,037	3,063	2,497
Net Cash (Debt) Net Cash Growth	210,314	221,116	202,021	196,002	215,700	179,547
Net Cash Growth	15.58%	9.45%	3.07%	-9.13%	20.14%	-8.39%
Net Cash Per Share Net Cash Per Share Growth	16.78	17.64	16.13	15.69	17.38	14.57

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	206,647	184,643	176,270	171,789	188,776	157,755
Capital Expenditures CapEx Growth	-22,068	-21,829	-22,787	-35,625	-27,430	-21,416
Free Cash Flow Free Cash Flow Growth	184,579	162,814	153,483	136,163	161,346	136,339
Free Cash Flow Growth	16.02%	6.08%	12.72%	-15.61%	18.34%	27.53%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	57.31%	57.84%	56.70%	59.25%	57.90%	55.42%
Operating Margin	29.58%	32.45%	32.12%	34.84%	33.64%	31.10%
Pretax Margin	32.98%	35.54%	35.75%	38.86%	36.53%	34.19%
Profit Margin	24.44%	26.23%	46.13%	30.12%	27.05%	25.12%
FCF Margin	23.89%	20.64%	20.38%	20.04%	22.75%	22.47%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 4, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	14.500	14.500	14.350	13.750	12.750	11.500
Dividend Per Share Growth	1.05%	1.04%	4.36%	7.84%	10.87%	6.98%
Dividend Yield	5.18%	5.04%	3.50%	3.21%	3.33%	4.59%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 4, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	18.58	17.42	14.76	26.14	24.83	20.27
Forward PE	18.05	17.18	23.52	24.33	25.03	17.90
P/FCF Ratio	19.01	22.14	33.41	39.28	29.54	22.66
PS Ratio	4.54	4.57	6.81	7.87	6.72	5.09

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Nov 2, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

Data Sources Report a data error