ITC Q1 FY2026 Results Preview: Net Profit to Rise 4% YoY, Cigarette Volume Stable

Ltd is set to announce its Q1 FY2026 results on August 1, 2025. According to ET NOW estimates, ITC’s standalone net profit is expected to grow 3.4% YoY to ₹5,085 crore, up from ₹4,918 crore in Q1 FY2025. Revenue is projected to increase 7.4% YoY to ₹18,261 crore from ₹17,000 crore, while EBITDA may rise 2% to ₹6,417 crore, though margins could contract by 200 bps to 35% due to rising input costs. Key expectations include a 6% YoY rise in cigarette sales, with 4-5% volume growth, despite margin pressure from higher leaf tobacco prices. FMCG revenue is anticipated to grow 4-5% YoY with a 6.8% EBIT margin. Agri business is expected to see 10% YoY growth, while the paperboards segment may face subdued performance with a 6% revenue increase and a 10% EBIT margin due to weak export markets and competition. Investors will focus on management’s commentary on cigarette volume trends, raw material costs, and pricing strategies.