FMCG giant ITC share price continued its gaining streak and jumped over 3% in Wednesday's trading session after the company reported its financial results for the quarter ending on 30 September, 2026.
ITC shares opened at ₹272.90 apiece on NSE today, as compared to previous close of ₹273.90 on Tuesday and touched an intraday high of ₹276.15 on 4 November.
ITC reported an 18.5% year-on-year (YoY) decline in consolidated net profit for the September quarter of FY27, primarily due to a steep drop in earnings from its cigarette business. The decline came despite healthy growth across its non-cigarette FMCG, agriculture and paper businesses.
The company's consolidated net profit stood at ₹4,229 crore in Q2 FY27, compared with ₹5,187 crore in the corresponding quarter last year. However, consolidated revenue increased 5% YoY to ₹20,454 crore from ₹19,455 crore.
ITC's consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) declined 15.7% YoY to ₹5,645 crore from ₹6,695 crore, indicating continued pressure on its operating profitability.