Stock to Watch: ITC shares in news as company posts profit in its Q1 FY26 results
ITC Ltd. reported robust Q1 FY26 results, posting a consolidated profit of Rs 5341 crore, exceeding the previous year's Rs 5176 crore. Revenue jumped to Rs 23130 crore, a 3900 crore increase, driven by strong performance across cigarettes, agribusiness, and FMCG segments. Despite global uncertainties, the company posts profit, which puts its shares to watch on Monday.
New Delhi: FMCG major ITC has announced its quarterly results for the April-June quarter of the current fiscal year, FY26. The FMCG (fast-moving consumer goods) company reported a consolidated profit of Rs 5341 crore for the said quarter. The company had minted a profit of Rs 5176 crore in the corresponding quarter of the year-ago period.
The stock is in focus as the company has performed decently in the backdrop of the current geopolitical and geoeconomic realities. The reported results hence put the stock of the company in focus
ITC Q1 FY26 Results
The Kolkata-headquartered company made an operational revenue of about Rs 23130 crore as against the revenue figure of Rs 19350 crore in the same quarter of the year-ago period, recording a surge of about 3900 crore in revenue in the April-June quarter. The higher revenue is attributed to the increased business activity of cigarettes, agribusiness, and FMCG segments.
The Kolkata-headquartered firm had a "strong performance by group companies led by ITC Infotech, Surya Nepal and ITC Hotels", ITC said in its exchange filing.
As per ITC, the macroeconomic fundamentals of the country's economy remained resilient despite global geopolitical tensions like the Russia-Ukraine war, the Israel-Palestine conflict, and the Israel-Iran warfare. The economy also sustained the trade war initiated by President Trump and his ever-evolving trade policy dynamics amidst the heightened uncertainty.
ITC's business includes FMCG products that includes packaged foods, meals, snacks, dairy and vegetables, biscuits and cakes chocolates, coffee & confectionery, education and stationery products, personal care products, safety matches, and agarbattis.
ITC Share Price
Shares of ITC Ltd on Friday settled at Rs 416.50 apiece on the BSE, up 1.14 percent from the previous close. The company' shares have given a return of 0.64 percent in the last one month, whereas the yearly returns have been negative at about 14 percent. The price-to-earnings (P/E) ratio of the company is 15. The 52-week high of the stock is 500.01 whereas the 52-week low is 391.50. The market capitalisation of the company stands at Rs 5,21,609 crore (Rs 5.6 lakh crore)
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