ITC Q2 Results: Profit Plunges 20% As Margin Shrinks, Revenue Up Slightly
ITC reported results for Q2 FY27.
· NDTV Profit, BS Companies, Economic Times Markets, ET Stocks
FMCG major ITC Ltd. reported a 20.1% YoY fall in net profit to Rs 4,137 crore for Q2 FY27, yet managed to beat Bloomberg consensus estimates of Rs 4,129 crore.
Key facts
- Period
- Q2 FY27
The analysis
ITC reported Rs 4,137 crore and Rs 4,129 crore for Q2 FY27, with movement of 20% and 20.1% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.9% on the day at ₹281.50, and has returned -2.8% over three months. It sits 31% below its 52-week high, which means a good deal of bad news was already in the price. The fmcg sector has moved -4.8% over the same period, so ITC is running 2.0 points ahead of its peers.
For ITC, the question is how much of this is already reflected in the price and how much re-rates the fmcg peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: ITC (ITC), in FMCG.
- Over three months: ITC -2.8% against FMCG -4.8% (2.0 points ahead).
- At least 25% below the 52-week high: ITC (31%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| ITCITC · FMCG | ₹281.50 | +0.9% | +3.7% | -2.8% | -31.0% | 0.2× | — |
FMCG
1M +2.1% · 3M -4.8%
ITC
Prices as of 6 Nov 2026, 10:03 IST. Sector moves are the average of the stocks we track in each sector.
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