News ArticleITC Limited Reports ₹3,958.85 Crore Q2 Profit with Century Pulp and Paper Acquisition in H1 2026
Company announces unaudited standalone and consolidated results for Q2 and six months ended September 30, 2026, including a business acquisition and plans to amalgamate Sproutlife Foods
ITC Limited announced unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2026. Key highlights include revenue of ₹28,152.21 crore in Q2 and ₹54,946.68 crore for H1, inclusion of Century Pulp and Paper acquisition results from August 1, 2026, and net profit of ₹3,958.85 crore for Q2. The company also reported exceptional items related to acquisition expenses and approved a scheme for amalgamation with its wholly owned subsidiary Sproutlife Foods.
ITC Limited
Financial Results
ITC Limited released its unaudited financial results for the quarter and six months ended September 30, 2026, reporting a standalone profit after tax of ₹3,958.85 crore for Q2. The results reflect the inclusion of the Century Pulp and Paper business acquisition from August 1, 2026, which impacted segment revenues and expenses.
The company achieved a gross revenue from sales and services of ₹28,152.21 crore in Q2 and ₹54,946.68 crore for the six months period. Total income including other income reached ₹29,125.19 crore in Q2.
Total expenses for Q2 were ₹23,617.78 crore, leading to a profit before tax of ₹5,481.75 crore and profit after tax of ₹3,958.85 crore. Exceptional items of ₹25.66 crore relate to acquisition expenses of the pulp and paper business.
ITC Limited completed the acquisition of the pulp and paper business of Aditya Birla Real Estate Limited, operating as 'Century Pulp and Paper,' on August 1, 2026, on a slump sale basis.
The company also acquired the remaining shares of Sproutlife Foods Private Limited in September 2026, making it a wholly owned subsidiary, and approved a scheme for its amalgamation subject to regulatory approvals.
Earnings per share on Q2 standalone results stood at ₹3.30 basic and diluted, based on a paid-up share capital of ₹1253.05 crore after allotment under the employee stock option plan during the quarter.
Highlights
- Standalone gross revenue from sales of ₹28,152.21 crore and total income ₹29,125.19 crore reported for Q2 2026.
- Profit after tax for Q2 2026 stood at ₹3,958.85 crore.
- Completed acquisition of Century Pulp and Paper business on August 1, 2026; results included from that date onward.
- Exceptional expense of ₹25.66 crore recorded in Q2 related to acquisition costs.
- Sproutlife Foods Private Limited became a wholly-owned subsidiary in September 2026 with an approved scheme of amalgamation pending approvals.
- Earnings per share (basic and diluted) was ₹3.30 for Q2 2026, with paid-up share capital at ₹1253.05 crore after ESOP allotment.
Key Data Snapshot
What happened
- ITC Limited approved its unaudited standalone and consolidated financial results for Q2 and six months ended September 30, 2026.
- The financial results include the impact of the acquisition of Century Pulp and Paper business from August 1, 2026.
- Standalone net profit after tax for Q2 is ₹3,958.85 crore.
- Exceptional items of ₹25.66 crore relate to costs from the Century Pulp and Paper acquisition.
- Sproutlife Foods Private Limited became a wholly owned subsidiary in September 2026.
- Board approved a scheme of amalgamation for Sproutlife Foods subject to requisite approvals.
Key details
- Gross revenue from sale of products and services for Q2 stood at ₹28,152.21 crore.
- Total income for Q2 including other income was ₹29,125.19 crore.
- Total expenses in Q2 were ₹23,617.78 crore, including brand-building and acquisition-related costs.
- Earnings per share (basic and diluted) for the quarter were ₹3.30 each based on paid-up share capital of ₹1253.05 crore.
- The acquisition of Century Pulp and Paper was on a slump sale basis, including assets, liabilities, contracts, and employees.
- The financial results are not strictly comparable with previous periods due to the acquisition and changes in excise duty structure.
Transaction details
- Century Pulp and Paper business acquired from Aditya Birla Real Estate Limited on August 1, 2026.
- Acquisition recorded as per Ind AS 103 - Business Combinations with provisional fair value of assets and liabilities.
- Exceptional expenses of ₹25.66 crore were incurred related to this acquisition.
- Acquired an additional 13,445 equity shares of Sproutlife Foods on September 28, 2026, making it a wholly owned subsidiary.
- Board approved the scheme of amalgamation of Sproutlife Foods with ITC Limited, subject to necessary approvals.
Regulatory and governance context
- Results approved by the Board of Directors on November 2, 2026, following a review by the Audit Committee.
- Limited Review Reports from the statutory auditors S R B C & CO LLP were noted, reporting unmodified opinion.
- Financial results filed as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 33.
- GST compensation cess expiry and increased GST and excise duty from February 1, 2026, impacted revenue recognition and comparability with prior periods.
Highlights
- Standalone gross revenue from sales of ₹28,152.21 crore and total income ₹29,125.19 crore reported for Q2 2026.
- Profit after tax for Q2 2026 stood at ₹3,958.85 crore.
- Completed acquisition of Century Pulp and Paper business on August 1, 2026; results included from that date onward.
- Exceptional expense of ₹25.66 crore recorded in Q2 related to acquisition costs.
- Sproutlife Foods Private Limited became a wholly-owned subsidiary in September 2026 with an approved scheme of amalgamation pending approvals.
- Earnings per share (basic and diluted) was ₹3.30 for Q2 2026, with paid-up share capital at ₹1253.05 crore after ESOP allotment.
Disclosures
- Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Ind AS 103 - Business Combinations
- Ind AS 115 - Revenue from Contracts with Customers
- Schedule III to the Companies Act, 2013
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