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ITC Q2 results 2026 preview: Will cigarette business drive growth? Profit, revenue expectations - share price target

ITC Q2 results preview focuses on cigarette business growth, profit, revenue expectations, and share price target.

Context

What happened: ITC is set to report Q2 FY2026-27 results, with analysts expecting FMCG revenue growth but flat margins and weaker cigarette performance. Key numbers: Shares closed at ₹265.60 on Friday, down 27% so far in 2026. Why it matters: Forecasts point to declines in consolidated earnings and cigarette volumes, suggesting the cigarette business may not drive growth this quarter. Coverage: 3 outlets in 24h

What changed

ITC is set to report Q2 FY2026-27 results, with analysts expecting FMCG revenue growth but flat margins and weaker cigarette performance.

Why it matters

Forecasts point to declines in consolidated earnings and cigarette volumes, suggesting the cigarette business may not drive growth this quarter.

Sources

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