ITC reported a solid Q4 performance for FY26, with consolidated net profit rising 6.1% year-on-year to ₹5,469.74 crore and revenue climbing 16.9% to ₹23,821.48 crore. The board also recommended a final dividend of ₹8 per share, taking the total dividend for FY26 to ₹14.50 per share when combined with the earlier interim dividend.
ITC Q4 performance at a glance
ITC’s fourth-quarter numbers showed steady growth despite mixed performance across business segments. Consolidated net profit increased from ₹5,155.27 crore a year earlier to ₹5,469.74 crore, while revenue from operations rose from ₹20,376.36 crore to ₹23,821.48 crore.
On a sequential basis, profit improved 9% from the previous quarter, showing that the business remained resilient through the year-end period. Gross revenue from products and services also moved higher, underscoring broad-based operating strength.
Segment-wise update
ITC’s cigarette business remained the biggest contributor, with revenue from the FMCG-cigarettes segment rising to ₹11,951.72 crore in Q4 from ₹9,228.66 crore a year ago. The FMCG-others segment also posted healthy growth, supported by the company’s broader consumer portfolio.
The paperboards, paper and packaging segment was largely stable, while the agri-business segment saw a decline in quarterly revenue compared with the prior year. This mix shows that ITC’s consumer business continues to drive the core performance even as some cyclically sensitive segments remain uneven.
Dividend announcement
The board recommended a final dividend of ₹8 per share of face value ₹1 for FY26. Along with the interim dividend of ₹6.50 per share declared earlier in the year, the total dividend for FY26 comes to ₹14.50 per share.
ITC has fixed May 27, 2026 as the record date for the final dividend, and the payout is expected to be credited between July 24 and July 29, 2026, subject to shareholder approval at the AGM. That keeps ITC’s reputation intact as one of the most consistent dividend-paying large-cap stocks in India.angelone+1
Why the results matter
The results matter because ITC is often viewed as a defensive stock with strong cash generation and regular shareholder returns. A higher dividend reinforces that profile and may keep the stock attractive for income-focused investors.
At the same time, the revenue and profit growth suggest that the company is not relying only on its dividend reputation. Continued strength in consumer businesses, especially cigarettes and packaged FMCG, remains central to the investment case.
What investors should watch
Investors will likely focus on three things going forward:
- Whether FMCG growth stays strong enough to offset weaker segments.
- Whether margins remain stable in a cost-sensitive environment.
- How the dividend yield compares with other large-cap consumer names.
ITC’s steady payout, combined with its scale and cash flow profile, makes it a stock that many long-term investors track closely during results season. The final dividend also adds another layer of shareholder return on top of any price appreciation.
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