ITC is likely to report muted Q4FY26 results as cigarette revenue faces tax pressure, while FMCG growth remains strong despite agri sector weakness.

ITC is expected to deliver a muted Q4 as cigarette volumes stay flat and higher taxes weigh on margins, despite strong double-digit growth in its FMCG business. Brokerages foresee…

ITC is likely to report muted Q4FY26 results as cigarette revenue faces tax pressure, while FMCG growth remains strong despite agri sector weakness.