From mint · Asit Manohar · · 1m 10s
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.
In brief
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 cigarette tax hikes, with shares at ₹263.50. Originally reported by mint.
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.
In short
ITC may report lower net profit due to cigarette tax hikes, with shares at ₹263.50.
