# ITC Sets Q2 Results Date for 2026

> ITC board meeting set for November 2nd to declare Q2 results amid expected profit decline from cigarette taxes.
- Title: ITC Sets Q2 Results Date for 2026 · mint | Shortify
- Summary: ITC board meeting set for November 2nd to declare Q2 results amid expected profit decline from cigarette taxes. ITC may report lower net profit due to…
- Keywords: itc, q2 results 2026, cigarette taxation, net profit decline, share price, hdfc securities, sebi, excise duty, news, india, Sets, Results
- Source: mint — https://livemint.com/market/stock-market-news/itc-sets-board-meeting-date-to-declare-q2-results-2026-net-profit-may-decline-due-to-cigarette-taxation-share-outlook-11792178741965.html
- Author: Asit Manohar
- Published: 2026-10-16T20:29:50+00:00
- Read time: 1 min
- Topics: itc, q2 results 2026, cigarette taxation, net profit decline, share price, hdfc securities, sebi, excise duty, news, india
## ITC Board Meeting Date
ITC announced its board meeting for November 2nd, 2026, to approve Q2FY27 earnings results.
## Q2 Results 2026 Details
ITC reported a 27% profit slump in April to June 2026 due to cigarette tax hikes.
## Market Estimates
HDFC Securities predicts ITC revenue growth of 7% to ₹20,816 crore but EBITDA decline of 24% to ₹5,094 crore.
## Cigarette Tax Impact
New cigarette taxes introduced in February 2026 cut net sales and volumes by 8% with weaker margins.
## SEBI Expert Analysis
SEBI-registered expert Anuj Gupta said ITC's profit decline is due to new taxes, not company responsibility.
## Excise Duty Details
GoI imposed excise duty between ₹2,050 and ₹8,500 per thousand sticks plus 40% consumption tax.
## Share Price Impact
ITC shares closed at ₹263.50, down 35% over the past year with 25% YTD decline.
## Investor Advice
Analyst recommends holding ITC shares with stop-loss at ₹246 and potential target of ₹275.
## Key takeaway

ITC may report lower net profit due to cigarette tax hikes, with shares at ₹263.50.