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ITC Q1 Results FY27: PAT at Rs 4,422 Cr for June 2026 Quarter

  • August 3, 2026
  • Posted by: Kunal Singla
  • Category: News
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ITC Q1 FY27: PAT Rs 4,422 Cr, -16.15% YoY. Revenue Rs 19,114 Cr, -11.07% YoY. Stock at Rs 281 (flat 0.00%).

The ITC Q1 results FY27 show consolidated revenue of Rs 19,114 Cr for the quarter ended 30 June 2026, -11.07% from Rs 21,494 Cr in Q1 FY26, as ITC reported its numbers on 31 July 2026.

ITC posted a net profit (PAT) of Rs 4,422 Cr for the quarter, against Rs 5,274 Cr a year earlier. Shares traded around Rs 281 on the NSE, flat on the day, as investors weighed the print against trends in the broader market. Here is a full breakdown of the financial highlights, key business factors, dividend status, outlook and risks.

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Table of Contents

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  • ITC Q1 Results FY27 Financial Highlights
  • ITC Q1 FY27 Performance Analysis
  • ITC Q1 FY27: Key Business Factors
    • 1. Revenue Growth Trajectory
    • 2. Gross Margin and Cost Trends
    • 3. Bottom Line and Earnings Quality
  • Dividend Details
  • ITC Outlook for FY27
  • ITC Stock Performance After the Results
  • Key Risks
    • 1. Margin and Input Cost Risk
    • 2. Execution and Working Capital Risk
    • 3. Macro and Sector Risk
  • Conclusion
  • Frequently Asked Questions on ITC Q1 Results FY27
    • When were the ITC Q1 results FY27 announced?
    • What is the PAT in ITC’s Q1 FY27 results?
    • What was the revenue in ITC’s Q1 FY27 results?
    • Did ITC declare a dividend with the Q1 FY27 results?
    • What is the outlook for ITC after Q1 FY27?
    • How did the stock react to ITC’s Q1 FY27 results?
    • Is ITC a good buy after the Q1 FY27 results?

ITC Q1 Results FY27 Financial Highlights

The table below summarises ITC’s consolidated numbers for the quarter against the year ago period.

Metric Q1 FY27 (Jun 2026) Q1 FY26 (Jun 2025) YoY Change
Revenue Rs 19,114 Cr Rs 21,494 Cr -11.07%
Gross Profit Rs 4,753 Cr Rs 6,393 Cr -25.66%
Gross Profit Margin 24.9% 29.7% -4.9 pts
Net Profit (PAT) Rs 4,422 Cr Rs 5,274 Cr -16.15%
Net Profit Margin 23.1% 24.5% -1.4 pts

ITC Q1 FY27 Performance Analysis

Revenue moved lower this quarter, down -11.07% year on year to Rs 19,114 Cr from Rs 21,494 Cr in the year ago quarter, reflecting softer demand or a high base in the comparable period.

Margins came under pressure this quarter. Gross profit moved -25.66% year on year to Rs 4,753 Cr (24.9% margin), growing slower than revenue or contracting outright, which suggests higher input costs or pricing pressure.

Net profit declined -16.15% year on year to Rs 4,422 Cr compared with Rs 5,274 Cr a year earlier, reflecting pressure on margins and other line items during the quarter.

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ITC Q1 FY27: Key Business Factors

1. Revenue Growth Trajectory

ITC reported revenue of Rs 19,114 Cr for the June 2026 quarter against Rs 21,494 Cr in the year ago period, a change of -11.07%. This pace of change is a primary swing factor behind the quarter’s numbers, and investors typically track whether it holds up in the following quarters.

2. Gross Margin and Cost Trends

Gross profit moved from Rs 6,393 Cr in Q1 FY26 to Rs 4,753 Cr in Q1 FY27, a change of -25.66%. In the broader market, this line is sensitive to input cost movements, demand cyclicality and competitive intensity, and this quarter’s numbers reflect how ITC managed that balance.

3. Bottom Line and Earnings Quality

Net profit moved from Rs 5,274 Cr in Q1 FY26 to Rs 4,422 Cr this quarter, down -16.15%. This is the figure that flows through to earnings per share, and it is usually the first number investors check.

Dividend Details

Specific dividend information was not confirmed as part of this results snapshot. Investors should check the official exchange filing on the NSE or BSE website, or track the Univest Screener, for the latest dividend announcement, record date and payment date from ITC.

ITC Outlook for FY27

Management commentary and the underlying trends this quarter will guide how FY27 shapes up for ITC. Investors should track whether the decline in revenue and the decline in profit continue into the September quarter, along with any updates on capacity, cost or demand that management shares in the coming weeks.

ITC Stock Performance After the Results

ITC shares traded around Rs 281 on the NSE, flat flat around the time the results were in focus. The 52 week trading range was not confirmed as part of this snapshot; investors can check the live 52 week high and low, along with technical levels, on the Univest Screener before making any trading decision.

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Key Risks

Investors reading through ITC’s numbers should also weigh the following risks.

1. Margin and Input Cost Risk

Being in the broader market, ITC remains exposed to input cost movements, demand cyclicality and competitive intensity. A reversal in the trend seen this quarter could pressure margins in coming quarters.

2. Execution and Working Capital Risk

Execution risk around working capital, receivables and order timelines can cause quarter to quarter volatility in reported numbers, so this quarter’s trends should be read over a few quarters rather than in isolation.

3. Macro and Sector Risk

Broader macro factors including interest rates, currency movements and demand cycles in the broader market could influence how sustainable this quarter’s trends prove to be over FY27.

Conclusion

The ITC Q1 results FY27 show revenue of Rs 19,114 Cr and Rs 4,422 Cr for the quarter, against Rs 21,494 Cr and Rs 5,274 Cr in Q1 FY26. A revenue decline and pressure on the bottom line were the two moving parts this quarter. Investors tracking ITC should watch the next few quarters for confirmation of this trend and consult a SEBI-registered advisor before making investment decisions based on these numbers.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions on ITC Q1 Results FY27

When were the ITC Q1 results FY27 announced?

Ans. They reflect the quarter ended 30 June 2026, with the data reported as of 31 July 2026. Investors should confirm the exact board meeting date from the official NSE or BSE filing.

What is the PAT in ITC’s Q1 FY27 results?

Ans. The PAT stood at Rs 4,422 Cr, compared with Rs 5,274 Cr in Q1 FY26, a change of -16.15%.

What was the revenue in ITC’s Q1 FY27 results?

Ans. Revenue came in at Rs 19,114 Cr for the quarter, a change of -11.07%, compared with Rs 21,494 Cr in Q1 FY26.

Did ITC declare a dividend with the Q1 FY27 results?

Ans. Dividend details were not confirmed as part of this results snapshot. Check the latest exchange filing on NSE or BSE, or the Univest Screener, for confirmation.

What is the outlook for ITC after Q1 FY27?

Ans. Analysts will track whether the decline in revenue and decline in profit continue into the September 2026 quarter, along with input cost and demand trends in the broader market.

How did the stock react to ITC’s Q1 FY27 results?

Ans. Shares traded around Rs 281 on the NSE, flat flat as the numbers came into focus.

Is ITC a good buy after the Q1 FY27 results?

Ans. The quarter shows a net profit of Rs 4,422 Cr on revenue of Rs 19,114 Cr. This article is for educational purposes only and is not investment advice. Consult a SEBI-registered advisor before making any investment decision.



Q1 Results FY27
Author: Kunal Singla
Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.

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