ITC Shares Fall Ahead of Q3 Results and Dividend Announcement; Stock Down 21% in Last 6 Months

Shares of FMCG major, ITC shaw a sharp decline from yesterday’s close as the stock was trading at Rs. 331.50 today ahead of the release of its third-quarter earnings for the financial year 2025-26. Along with the quarterly results, the company might also consider the declaration of a dividend for its shareholders.  ITC’s stock has come under pressure in 2026 as the stock market reacted sharply to the excise duty hike on cigarettes effective from February 1, 2026, which will be charged on top of the existing 40 per cent GST.  

The stock has gone down by 21% in the last 6 months. The stock extended 2025 losses and tumbled nearly 10 per cent on the very first trading session of the New Year.ITC Ltd, in the exchange filing, informed the bourses that the meeting of the Board of Directors of the company is scheduled on Thursday, January 29, 2026, to consider and approve the unaudited standalone and consolidated financial results of the company.

“In terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to advise that a Meeting of the Board of Directors of the Company has been convened for Thursday, 29th January, 2026, inter alia, to: (i) consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company along with the Segment-wise Revenue, Results, Assets and Liabilities for the Quarter and Nine Months ended 31st December, 2025…,” ITC said in the regulatory filing.

ITC had declared its earnings for Q2 FY26 at around 4.30 pm on October 30, 2025. Therefore, it is expected that it might announce its Q3 FY26 earnings at around the same time on Thursday, January 29, 2026. Along with the earnings for the October-December quarter of FY26, the FMCG might also consider the declaration of an interim dividend for the financial year ending on March 31, 2026.

ITC has been paying consistent and rich dividends to its shareholders. In 2025, the FMCG giant gave a dividend three times – Rs 7.85 in May, and Rs 6.50 in February, respectively.In 2024, the company awarded dividends on two occasions – Rs 7.5 in June and 6.25 in February, respectively. In 2026 so far, ITC has declined 17 per cent and given negative closing in 8 out of 10 trading sessions so far. As a result, the company has lost more than Rs 80,000 crore in valuation.