ITC Q4 revenue jumps 17% to ₹23,821 cr as cigarettes defy tax hike, new-age brands scale 60%

Cigarette sales surged 30% despite higher tobacco taxes, while FMCG-Others grew 15% with profit up 1.5x to ₹525.78 cr. New-age brands hit ₹1,350 cr ARR. Online and modern trade now exceed one-third of FMCG sales. Agri dragged at -14.2%; monsoon and West Asia input inflation cloud FY26 outlook.

— Source publishedThu, 21 May, 2026, 20:31 IST·First seen Thu, 21 May, 2026, 20:36 IST·Source Mint

What happened

ITC Q4 revenue rose 17% to ₹23,821 cr on 30% cigarette growth and 15% FMCG-Others gains; new-age brands jumped 60%. Higher tobacco taxes, West Asia-driven input

Key facts

  • revenue ₹23,821 cr +17% YoY Q4
  • profit ₹5,469.74 cr +6%
  • cigarette sales +30%
  • FMCG-Others +15%
  • FMCG profit ₹525.78 cr +1.5x
  • new-age brands +60% YoY, ARR ₹1,350 cr
  • FY26 revenue ₹89,913.33 cr +10.1%
  • FY26 PAT ₹21,018.15 cr +5%
  • agri revenue ₹3,166.65 cr -14.2%

Why this matters

New-age brands at ₹1,350 cr ARR growing 60% signal a maturing portfolio ripe for tuck-in acquisitions in D2C/health-food while agri's -14.2% drag may invite divestment conversations.

Also reported by