ITC Q2 Results FY27: PAT Falls 18.46% to Rs 4,229.33 Cr, Revenue Rs 30,578.40 Cr
- November 3, 2026
- Posted by: Harsh Piplani
- Category: Results
Quick Answer
ITC Q2 Results FY27 were declared on 2 November 2026 on a consolidated basis. Revenue rose 43.86% YoY to Rs 30,578.40 Cr from Rs 21,255.86 Cr, which is the standout YoY growth figure in the quarterly results. Net profit fell 18.46% YoY to Rs 4,229.33 Cr from Rs 5,186.55 Cr, while Operating Profit was Rs 5,644.83 Cr, down 15.68% YoY.
ITC Ltd (ITC) Q2 Results FY27 announced on 2 November 2026, covering the company’s financial performance for the July to September quarter. The consolidated results, reported on a Consolidated basis, show revenue of Rs 30,578.40 Cr and PAT of Rs 4,229.33 Cr. ITC Q2 Results FY27 set the results date for the Q2 FY27 numbers that this report breaks down line by line.
This results analysis of ITC Q2 Results covers the financial highlights, business drivers, outlook and risks, with the Univest Screener available for readers who want to compare the figures with other companies. The Financial Highlights below set out each reported line for the quarter and the same quarter last year, so the YoY comparison is easy to follow.
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ITC Q2 Results FY27: Financial Highlights
| Metric | Q2 FY27 (Sep 26) | Q2 FY26 (Sep 25) | YoY Change |
|---|---|---|---|
| Revenue | Rs 30578.4 Cr | Rs 21255.86 Cr | +43.86% YoY |
| Operating Profit | Rs 5644.83 Cr | Rs 6694.69 Cr | -15.68% YoY |
| Net Profit (PAT) | Rs 4229.33 Cr | Rs 5186.55 Cr | -18.46% YoY |
Source: company filing for ITC Q2 Results FY27, 2 November 2026. Figures in Rs Crore, Consolidated basis.
Key Takeaways from ITC Q2 Results: What Stands Out
- Revenue rose 43.86% YoY to Rs 30,578.40 Cr and has risen in each of the last 4 quarters, a clear run of top-line growth.
- Net profit fell 18.46% YoY to Rs 4,229.33 Cr from Rs 5,186.55 Cr, so YoY growth at the bottom line was negative.
- Operating Profit declined 15.68% YoY to Rs 5,644.83 Cr from Rs 6,694.69 Cr, moving in the opposite direction to revenue.
- Net profit margin narrowed to 13.8% from 24.4% in the comparison quarter, which is the main figure to track in ITC Q2 Results FY27.
- Next step is the performance analysis, which sets revenue, Operating Profit and net profit side by side for the quarter.
ITC Q2 Results FY27: Performance Analysis
The numbers show a sharp split between the top line and profit. Revenue grew 43.86% YoY to Rs 30,578.40 Cr, but net profit fell 18.46% YoY to Rs 4,229.33 Cr. ITC Q2 Results FY27 therefore describe higher sales with lower earnings on a consolidated basis.
In this results analysis, Operating Profit of Rs 5,644.83 Cr was 15.68% lower than the Rs 6,694.69 Cr reported a year earlier. The YoY growth in revenue did not carry through to profit, and ITC Q2 Results show that gap clearly across all three lines.
Net profit of Rs 4,229.33 Cr also sat below the Rs 5,186.55 Cr of the prior-year quarter. Investors tracking ITC Q2 Results FY27 will want to watch how the quarterly results trend over the coming disclosures, which is where the results analysis turns to the business factors.
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Key Business Factors This Quarter
Revenue Growth – The results analysis points to revenue as the main business factor, with revenue up 43.9% year on year to Rs 30,578.40 Cr in the latest quarter, the highest figure among the lines reported for the period.
Consecutive Quarterly Rise – Revenue has risen in each of the last 4 quarters, so the quarterly results for ITC Q2 Results FY27 continue an uninterrupted upward run in sales rather than a one-off jump.
Return Ratios – Return on equity was 29.67% in FY26 and return on capital employed was 38.83% in FY26, which gives context to the reported profit figures for the current quarter.
FY27 Outlook After ITC Q2 Results
The FY27 view rests on the figures already reported. ITC Q2 Results FY27 show revenue growth of 43.86% YoY alongside a net profit decline, and the full-year result will depend on how the remaining quarters of FY27 develop.
A results analysis of the net profit line shows Rs 4,229.33 Cr this quarter against Rs 4,394.13 Cr in the previous quarter. Readers can follow later filings on the Univest app to see whether the net profit trend steadies, which brings the focus to the risks.
Key Risks to Watch After ITC Q2 Results FY27
Net Profit Decline
Net profit fell 18.5% year on year to Rs 4,229.33 Cr. Any further YoY growth shortfall in the next filing would keep attention on the bottom line even as revenue climbs.
Narrower Net Profit Margin
Net profit margin narrowed to 13.8% from 24.4% in the comparison quarter. After ITC Q2 Results FY27, this narrower margin is the clearest sign that revenue gains are not yet reaching net profit.
Sequential Net Profit Dip
Net profit was down 3.8% quarter on quarter from Rs 4,394.13 Cr. A second consecutive sequential decline would add to the YoY decline already visible in the reported numbers.
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Conclusion
Overall, ITC Q2 Results FY27 combine a 43.86% YoY rise in revenue with an 18.46% YoY fall in net profit on a consolidated basis. These quarterly results make the profit line the main focus, and the full ITC Q2 Results should be read alongside the consolidated results in the Financial Highlights. Investors should consult a SEBI-registered advisor before acting on any of this.
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. Research Analyst: Uniresearch Global Pvt. Ltd., SEBI Registration No. INH000013776.
Frequently Asked Questions on ITC Q2 Results FY27
What are ITC Q2 Results FY27?
Ans. ITC Q2 Results FY27 are the consolidated quarterly results for July to September 2026, declared on 2 November 2026. Alongside this, revenue was Rs 30,578.40 Cr and net profit was Rs 4,229.33 Cr, as set out in the Quick Answer.
What is the results date for ITC Q2 Results FY27?
Ans. The results date for ITC Q2 Results FY27 is 2 November 2026. This means the July to September 2026 quarter figures were declared on that day, as stated in the opening section of this results analysis.
What revenue was reported in ITC Q2 Results FY27?
Ans. ITC reported revenue of Rs 30,578.40 Cr in the quarter, compared with Rs 21,255.86 Cr a year earlier, so the Financial Highlights show a rise of 43.86% on a consolidated basis.
What net profit was reported in ITC Q2 Results FY27?
Ans. ITC reported net profit of Rs 4,229.33 Cr in the quarter, compared with Rs 5,186.55 Cr a year earlier, which means the Performance Analysis section records an 18.46% fall.
How much YoY growth did revenue show in ITC Q2 Results FY27?
Ans. Revenue showed YoY growth of 43.86% in the quarter, rising from Rs 21,255.86 Cr to Rs 30,578.40 Cr, while the Key Takeaways section also notes that revenue has risen in each of the last 4 quarters.
Did net profit rise or fall in ITC Q2 Results?
Ans. ITC Q2 Results show that net profit fell 18.46% YoY to Rs 4,229.33 Cr. Compared with the revenue rise of 43.86%, this means profit moved in the opposite direction, as the Performance Analysis explains.
What was the Operating Profit in ITC Q2 Results FY27?
Ans. Operating Profit in the quarter was Rs 5,644.83 Cr, down 15.68% from Rs 6,694.69 Cr a year earlier, so it fell alongside net profit even while revenue rose, as the Key Takeaways show.
Are ITC Q2 Results consolidated results or standalone results?
Ans. ITC Q2 Results are consolidated results. This means the figures cover the group as reported on a consolidated basis, and the Financial Highlights table and the sections that follow all use that same basis.
What business factors shaped ITC Q2 Results FY27?
Ans. The disclosed factors are revenue growth of 43.9% year on year, revenue rising in each of the last 4 quarters, and FY26 return ratios of 29.67% and 38.83%, as listed under Key Business Factors.
What are the key risks after ITC Q2 Results FY27?
Ans. The key risks are the 18.5% YoY net profit decline, a net profit margin that narrowed to 13.8% from 24.4%, and a 3.8% quarter on quarter dip, which are detailed under Key Risks.
What is the outlook after ITC Q2 Results?
Ans. The outlook depends on how later FY27 quarters build on this one. Revenue growth of 43.86% YoY and lower net profit are the two figures to follow, as the Outlook section notes.
Where can I find the complete ITC Q2 Results FY27 data?
Ans. The complete figures sit in the Financial Highlights table on this page, which lists each metric for the quarter and the same quarter last year. Readers can also explore the Univest Screener for further company data.
