Shares of FMCG major ITC witnessed a sharp fall today ahead of the Q3 result announcement for the financial year 2025-26. The stock is currently trading at Rs. 319.05 against the previous close of Rs. 321.15. The company might also consider declaring a dividend for its shareholders in the board meeting today. Share of ITC has come under pressure this year 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 extended 2025 losses and tumbled nearly 10 per cent on the very first trading session of the New Year. Overall the stock fell by 22% in the last six months.
ITC Ltd, in an exchange filing earlier, 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.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.
It is expected that ITC might post decent numbers in its October-December 2025 quarter. ITC’s standalone profit after tax (PAT) is seen at Rs 5,200 crore versus Rs 5,638 crore, down 7.8 per cent on a year-on-year (YoY) basis. The company revenue is expected to stand at Rs 18,286 crore in the reporting quarter against Rs 17,053 crore, registering a growth of 7.2 per cent YoY. EBITDA is seen at Rs 6,274 crore in Q3 FY26 versus Rs 5,828 crore in Q3 FY25, up 7.7 per cent YoY. Margin might remain flat at 34.2 per cent in Q3 FY26. Shares of ITC on Wednesday ended at Rs 321.25, Rs 2.45 or 0.77 per cent higher from the previous close of Rs 318.80, on the BSE. On the downside, the ₹325–₹320 zone is a key support area where prices are currently attempting to stabilise. A sustained break below this zone could lead to further downside movement. Conversely, the previous breakdown level near ₹360–₹365 is likely to act as strong resistance.