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BSE FMCG Sector Regulatory Filings — May 21, 2026

India BSE FMCG

By Gunpowder Editorial ·

6 high priority 7 medium priority 13 total filings analysed

Executive Summary

The 13 filings from BSE FMCG constituents reveal a sector dominated by ITC Limited (9 of 13 filings), which reported resilient FY26 results with standalone revenue up ~10% YoY to ₹81,640 Cr, but profit growth was muted at just +1% YoY due to a sharp tax hike on cigarettes from February 2026 and a 12.6% decline in the Paperboards segment.

The FMCG-Others segment was a bright spot, with EBITDA margins improving ~200 bps YoY to 11%, while the Agri Business faced headwinds from West Asia conflict disruptions. Emami Limited's filings were routine governance updates with no financial surprises, and Godrej Consumer Products flagged an upcoming IEPF transfer deadline for unclaimed dividends. The overarching theme is a mixed sentiment: strong topline growth is being offset by regulatory shocks (cigarette tax hike) and segment-specific declines, while capital allocation remains shareholder-friendly with ITC's total dividend rising to ₹14.50/share (vs ₹14.35 in FY25). Insider activity is absent across all filings, and forward-looking guidance is limited, but scheduled events (ITC AGM on July 23, Emami AGM on August 25) provide near-term catalysts.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: Company update · Corporate governance · Corporate action · Board meeting

Tracking the trend? Catch up on the prior BSE FMCG Sector Regulatory Filings digest from May 20, 2026.

Investment Signals (10)

  • ITC Limited ↓ (BULLISH)
    ▲

    FMCG-Others segment EBITDA grew 14% YoY with margin expansion of ~200 bps to 11% (ex-Sresta), signaling strong execution in non-cigarette consumer goods

  • ITC Limited ↓ (BULLISH)
    ▲

    Total dividend increased to ₹14.50/share (FY25: ₹14.35), a 1% YoY growth, with a record date of May 27, 2026, offering a ~3.5% dividend yield at current prices

  • ITC Limited ↓ (BULLISH)
    ▲

    Cigarettes segment revenue grew 13.7% YoY despite an unprecedented tax hike from February 2026, indicating resilient demand and pricing power

  • ITC Limited ↓ (BEARISH)
    ▲

    Paperboards segment profit fell 12.6% YoY to ₹796.71 Cr, marking a sharp reversal from prior growth and signaling structural headwinds

  • ITC Limited ↓ (BULLISH)
    ▲

    Q4 standalone EBITDA (ex-Agri) grew 9% YoY, outperforming the full-year ex-Agri growth of 6%, suggesting accelerating momentum in core businesses

  • ITC Limited ↓ (BEARISH)
    ▲

    Agri Business segment revenue declined 15.7% YoY in Q4 FY26, driven by subdued exports due to West Asia conflict, a significant drag on overall performance

  • ITC Limited ↓ (NEUTRAL)
    ▲

    Exceptional items of ₹183.87 Cr (₹271.95 Cr past service cost from New Labour Codes partially offset by ₹88.08 Cr insurance claim) highlight one-time cost pressures from regulatory changes

  • Emami Limited ↓ (NEUTRAL)
    ▲

    Re-appointment of Shri Harsha Vardhan Agarwal as Vice-Chairman & MD for 5 years from April 1, 2027, ensures leadership continuity but offers no immediate financial catalyst

  • Godrej Consumer Products ↓
    ▲

    IEPF transfer deadline of August 10, 2026, for unclaimed dividends/shares creates a time-sensitive risk for shareholders who have not claimed dividends since 2019 [BEARISH for affected holders]

  • ITC Limited ↓ (BULLISH)
    ▲

    Amalgamation of Sresta Natural Bioproducts and Wimco Limited effective from FY26 appointed dates, with Sresta's results included from June 13, 2025, potentially boosting FMCG-Others segment scale

Risk Flags (8)

  • ITC Limited/Cigarette Tax Hike↓ [HIGH RISK]
    ▼

    Excise duty increased sharply from February 1, 2026, due to GST Compensation Cess expiry and government duty hike, impacting revenue comparability and potentially compressing margins in FY27

  • ITC Limited/Paperboards Decline↓ [HIGH RISK]
    ▼

    Segment profit fell 12.6% YoY to ₹796.71 Cr, with no recovery signals in the filings, suggesting sustained pressure from lower paper prices or demand

  • ITC Limited/Agri Business Weakness↓ [MEDIUM RISK]
    ▼

    Q4 Agri revenue declined 15.7% YoY due to West Asia conflict disruptions, with no forward guidance on recovery, posing a risk to FY27 performance

  • ITC Limited/Profit Growth Stagnation↓ [MEDIUM RISK]
    ▼

    Full-year profit from continuing operations grew only 1.0% YoY despite 10% revenue growth, indicating margin compression from tax hikes and segment mix shifts

  • Godrej Consumer Products/Shareholder Loss↓
    ▼

    Unclaimed dividends and shares will be transferred to IEPF on September 6, 2026, with a claim deadline of August 10, 2026; shareholders failing to act risk losing their holdings permanently [HIGH RISK for affected]

  • ITC Limited/Labour Code Costs↓ [MEDIUM RISK]
    ▼

    One-time past service cost of ₹271.95 Cr due to New Labour Codes signals potential recurring cost increases in FY27 and beyond

  • Emami Limited/No Financial Disclosure↓ [LOW RISK]
    ▼

    The analyst meet filing (May 21) provided only an audio recording link with no financial data, limiting transparency and suggesting no material surprises

  • Mehul Colours Limited/Late Filing↓ [LOW RISK]
    ▼

    Board meeting for audited results scheduled only on May 30, 2026, for the year ended March 31, 2026, indicating a delayed reporting timeline relative to peers

Opportunities (8)

  • ITC Limited/FMCG-Others Margin Expansion↓ (OPPORTUNITY)
    ◆

    EBITDA margin improved ~200 bps YoY to 11% (ex-Sresta) in Q4, with revenue growing 10.1% YoY; this segment is a key driver of re-rating if margin sustainability is demonstrated in FY27

  • ITC Limited/Dividend Capture↓ (OPPORTUNITY)
    ◆

    Record date of May 27, 2026, for ₹8/share final dividend offers a near-term dividend capture opportunity, with total FY26 dividend of ₹14.50/share representing a ~3.5% yield

  • ITC Limited/AGM Catalyst↓ (OPPORTUNITY)
    ◆

    115th AGM scheduled for July 23, 2026, could provide management commentary on cigarette tax impact mitigation, FMCG-Others strategy, and capital allocation plans

  • ITC Limited/Amalgamation Synergies↓ (OPPORTUNITY)
    ◆

    Integration of Sresta Natural Bioproducts and Wimco Limited could unlock cost synergies and scale in the FMCG-Others segment, potentially boosting margins further in FY27

  • ITC Limited/Insurance Claim Benefit↓ (OPPORTUNITY)
    ◆

    One-time insurance claim receipt of ₹88.08 Cr in exceptional items suggests improved risk management; further claims could provide upside

  • Emami Limited/Leadership Stability↓ (OPPORTUNITY)
    ◆

    Re-appointment of Harsha Vardhan Agarwal as Vice-Chairman & MD for 5 years from April 1, 2027, ensures strategic continuity; AGM on August 25, 2026, may provide growth outlook

  • ITC Limited/Valuation Support↓ (OPPORTUNITY)
    ◆

    With strong FMCG-Others growth and a ~3.5% dividend yield, ITC's valuation may be supported despite cigarette tax headwinds; any dip post-tax hike could be a buying opportunity

  • Godrej Consumer Products/IEPF Arbitrage↓ (OPPORTUNITY)
    ◆

    Shareholders with unclaimed dividends can claim before August 10, 2026, to avoid loss; this creates a time-sensitive opportunity for those with dormant holdings

Sector Themes (6)

  • Revenue Growth vs Profit Stagnation
    ◆

    ITC's 10% revenue growth translating to only 1% profit growth highlights a sector-wide challenge of margin compression from regulatory costs (cigarette tax) and input cost pressures, a pattern likely echoed in other FMCG companies [IMPLICATION: Focus on companies with pricing power and cost control]

  • Regulatory Shock Impact
    ◆

    The unprecedented cigarette tax hike from February 2026 is a sector-specific shock for tobacco-focused FMCG companies, potentially reshaping competitive dynamics and demand elasticity [IMPLICATION: Monitor volume trends in ITC's cigarettes segment in H1 FY27]

  • Non-Core Segment Divergence
    ◆

    ITC's FMCG-Others (margin expansion) and Paperboards (profit decline) show starkly different trajectories, underscoring the need for diversified FMCG portfolios to mitigate segment-specific risks [IMPLICATION: Prefer diversified FMCG players over single-segment companies]

  • Dividend Growth as a Signal
    ◆

    ITC's total dividend increased marginally to ₹14.50/share (vs ₹14.35), indicating a commitment to shareholder returns despite profit stagnation, a trend that may be common among cash-rich FMCG companies [IMPLICATION: Dividend yield can provide downside protection in a volatile regulatory environment]

  • Leadership Continuity
    ◆

    Emami's re-appointment of its Vice-Chairman & MD for 5 years reflects a sector trend of ensuring management stability amid regulatory and competitive challenges [IMPLICATION: Stable leadership supports long-term strategy execution]

  • Governance Compliance Focus
    ◆

    Multiple filings (ITC, Emami, Godrej Consumer) emphasize clean audit opinions, dividend record dates, and AGM scheduling, indicating a sector-wide emphasis on corporate governance compliance [IMPLICATION: Low governance risk for these companies]

Watch List (8)

  • ITC Limited/AGM↓ (WATCH)
    👁

    115th AGM on July 23, 2026, to discuss final dividend approval, re-appointment of Independent Director, and likely management commentary on cigarette tax impact and FY27 outlook

  • ITC Limited/Q1 FY27 Results↓ (WATCH)
    👁

    Due in July-August 2026, will provide first full quarter impact of cigarette tax hike from February 2026; volume trends and margin data are critical

  • Emami Limited/AGM↓ (WATCH)
    👁

    43rd AGM on August 25, 2026, via video conference, to approve re-appointment of Harsha Vardhan Agarwal and provide FY27 guidance

  • Godrej Consumer Products/IEPF Deadline↓ (WATCH)
    👁

    August 10, 2026, is the last date for shareholders to claim unclaimed dividends/shares before transfer to IEPF on September 6, 2026; monitor for any shareholder activism

  • ITC Limited/Dividend Payment↓ (WATCH)
    👁

    Final dividend payment expected between July 24-29, 2026, after AGM approval; record date of May 27, 2026, already set

  • Mehul Colours Limited/Results↓ (WATCH)
    👁

    Board meeting on May 30, 2026, to approve audited results for FY26; watch for any financial disclosures or performance trends

  • ITC Limited/Paperboards Segment↓ (WATCH)
    👁

    Monitor for any recovery signs in FY27 after a 12.6% profit decline; any positive guidance from management would be a catalyst

  • ITC Limited/Agri Business↓ (WATCH)
    👁

    Watch for normalization of West Asia conflict disruptions and any recovery in exports during H1 FY27

Filing Analyses (13)
ITC Limited Company Update mixed materiality 9/10

21-05-2026

ITC Limited reported resilient FY26 results with standalone Gross Revenue up 10.1% YoY to ₹80867.49 Cr and EBITDA up 4.9% to ₹25208.22 Cr, driven by strong FMCG-Others segment growth (revenue +10.1% YoY, segment results +14% YoY) and a 21% YoY profit improvement in Paper. However, the Cigarettes segment faced an unprecedented tax increase from February 2026, with net segment revenue up only 8.2% YoY and segment results up 5.1% YoY, while the Agri Business segment saw subdued exports due to West Asia conflict disruptions. The Board recommended a final dividend of ₹8.00 per share, bringing the total dividend to ₹14.50 per share (FY25: ₹14.35).

  • · Q4 standalone EBITDA up 7.3% YoY (ex-Agri up 9%); PAT up 5% YoY.
  • · Full Year standalone EBITDA up 4.9% YoY (ex-Paper up 6% YoY).
  • · Q4 FMCG-Others EBITDA margin improved ~200 bps YoY to 11% (ex-Sresta).
  • · Cigarettes segment faced unprecedented tax increase from 1st February 2026; transition to new tax structure during the quarter.
  • · Illicit cigarette trade estimated to cause loss of approx. ₹23,000 Cr p.a. to the Exchequer, accounting for about 1/3rd of legal industry.
  • · Agri Business segment revenue grew only 3% YoY (2-year CAGR 13%) due to geopolitical disruptions and high base.
  • · Paper segment Q4 profits up 21% YoY and 24% QoQ, helped by Minimum Import Price (MIP) on paperboard and moderation in wood prices.
  • · Digital-first & organic portfolio (including Sresta, Sproutlife, Mother Sparsh, Ample Foods) grew ~60% YoY with ARR over ₹1350 Cr.
  • · India Real GDP growth for FY26 estimated at 7.6% (RBI), projected at 6.9% for FY27.
  • · ITC sustained MSCI-ESG 'AA' rating for 8th consecutive year and included in Dow Jones Sustainability Emerging Markets Index for 6th year.
  • · Amalgamation of Wimco Limited (appointed date 1st April 2025) and Sresta Natural Bioproducts (appointed date 13th June 2025) given effect.
  • · Nearly 100 new products launched during the year across Health & Nutrition, Hygiene, Protection & Care, Convenience & On-the-Go, and Indulgence vectors.
Emami Limited Corporate Governance neutral materiality 6/10

21-05-2026

Emami Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. The Board also approved the re-appointment of Shri Harsha Vardhan Agarwal as Vice-Chairman & Managing Director for five years from April 1, 2027, subject to shareholder approval, and re-appointed M/s. V. K. Jain & Co as Cost Auditors for FY 2026-27. The 43rd AGM is scheduled for August 25, 2026, via video conference.

  • · The Board meeting commenced at 12:00 Noon and concluded at 1:30 P.M.
  • · The Statutory Auditors issued an unmodified opinion on the audited financial results.
  • · The re-appointment of Shri Harsha Vardhan Agarwal as Vice-Chairman & Managing Director is for a further period of 5 years after completion of his existing term on 31st March, 2027.
  • · The 43rd Annual General Meeting is scheduled on Tuesday, 25th August, 2026, through Video Conference/Other Audio-Visual Means.
  • · The financial results include results of 3 subsidiaries, 1 subsidiary with its 6 subsidiaries, and 5 associates.
  • · Three subsidiaries reported total net loss after tax of ₹1,138 Lacs for Q4 and ₹1,240 Lacs for FY2026.
  • · One subsidiary (including its six subsidiaries) reported net loss after tax of ₹418 Lacs for Q4 but net profit of ₹1,833 Lacs for FY2026.
  • · Five associates contributed a net loss of ₹36 Lacs for Q4 and ₹195 Lacs for FY2026 to the Group's share.
ITC Limited Corp. Action positive materiality 8/10

21-05-2026

ITC Limited's Board approved audited financial results for Q4 and FY ended March 31, 2026, with unmodified audit opinion. Recommended a final dividend of ₹8 per share, bringing total dividend to ₹14.50 per share for FY26. Also recommended reappointment of Mr. Hemant Bhargava as Independent Director.

  • · Audited financial results for quarter and twelve months ended March 31, 2026 approved.
  • · Auditors issued unmodified opinion on financial results.
  • · Record date for final dividend: May 27, 2026.
  • · 115th Annual General Meeting scheduled for July 23, 2026.
  • · Final dividend payment period: July 24-29, 2026.
  • · Reappointment of Hemant Bhargava as Independent Director for five years from December 20, 2026.
ITC Limited Corp. Action positive materiality 7/10

21-05-2026

ITC Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. The Board recommended a final dividend of ₹8 per share, bringing the total dividend for FY26 to ₹14.50 per share, and set the record date as May 27, 2026. Additionally, the Board recommended the re-appointment of Mr. Hemant Bhargava as an Independent Director for five years from December 20, 2026.

  • · Audited financial results include standalone and consolidated balance sheet, cash flow statement, and segment-wise revenue for the quarter and twelve months ended March 31, 2026.
  • · Statutory auditors issued an unmodified (clean) opinion on the financial results.
  • · The 115th Annual General Meeting is scheduled for Thursday, July 23, 2026.
  • · Final dividend, if declared, will be paid between July 24 and July 29, 2026.
  • · Record date for final dividend entitlement is Wednesday, May 27, 2026.
  • · Mr. Hemant Bhargava's re-appointment as Independent Director is for five years effective December 20, 2026.
ITC Limited Result mixed materiality 8/10

21-05-2026

ITC Limited reported a 9.9% YoY increase in standalone revenue from operations to ₹81,640.11 Cr for FY26, while profit from continuing operations rose marginally by 1.0% to ₹20,286.42 Cr. However, the FMCG-Others segment showed strong growth with EBITDA of ₹2,411.94 Cr, while the Paperboards, Paper & Packaging segment saw a 12.6% decline in segment results to ₹796.71 Cr. The Board recommended a final dividend of ₹8.00 per share, bringing the total dividend to ₹14.50 per share for FY26.

  • · The Board recommended re-appointment of Mr. Hemant Bhargava as an Independent Director for five years from 20 December 2026.
  • · The amalgamation of wholly owned subsidiaries Sresta Natural Bioproducts Private Limited and Wimco Limited with ITC was approved by NCLT and given effect from appointed dates (1 April 2025 for Wimco, 13 June 2025 for Sresta).
  • · Excise duty increased sharply due to GST Compensation Cess expiry and government duty hike on cigarettes from 1 February 2026, impacting comparability of revenue and excise figures.
  • · Exceptional items for FY26 include a one-time past service cost of ₹271.95 Cr due to New Labour Codes and an insurance claim receipt of ₹88.08 Cr.
  • · Total dividend for FY26 is ₹14.50 per share (interim ₹6.50 + final ₹8.00), up from ₹14.35 per share in FY25.
  • · Record date for final dividend is 27 May 2026; payment between 24-29 July 2026 if declared at AGM on 23 July 2026.
ITC Limited Company Update neutral materiality 6/10

21-05-2026

ITC Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. The Board recommended a final dividend of ₹8 per share, bringing the total dividend for FY26 to ₹14.50 per share, and fixed the record date as May 27, 2026. The 115th Annual General Meeting is scheduled for July 23, 2026.

  • · Audited financial results include standalone and consolidated segment-wise revenue, results, assets, liabilities, balance sheet, and cash flow statement for the twelve months ended March 31, 2026.
  • · Statutory auditors S R B C & CO LLP issued unmodified (clean) audit opinion on the financial results.
  • · Record date for final dividend entitlement is fixed as Wednesday, May 27, 2026.
  • · Final dividend, if approved by shareholders, will be paid between July 24 and July 29, 2026.
  • · Board recommended re-appointment of Mr. Hemant Bhargava as Independent Director for five years from December 20, 2026, subject to shareholder approval.
  • · 115th Annual General Meeting convened for Thursday, July 23, 2026.
Godrej Consumer Products Limited Corporate Governance neutral materiality 4/10

21-05-2026

Godrej Consumer Products Limited (GCPL) has issued a notice to shareholders regarding the impending transfer of unclaimed dividends and underlying equity shares to the Investor Education and Protection Fund (IEPF). The transfer pertains to dividends unpaid or unclaimed for seven consecutive years, with the deadline for shareholders to submit claims being August 10, 2026, before the transfer occurs on September 6, 2026. This is a routine regulatory compliance action, but it carries material consequences for affected shareholders who may lose their holdings if they fail to act.

  • · The transfer deadline for shareholders to claim dividends/shares is August 10, 2026.
  • · The seven-year period for the interim dividend paid in August 2019 concludes on September 6, 2026.
  • · Shareholders with nil shares but unclaimed dividends must submit an indemnity letter; if the claim exceeds ₹10,000, the indemnity must be on ₹500 non-judicial stamp paper.
  • · After transfer to IEPF, shareholders can claim back shares/dividends by filing E-Form IEPF-5 on the MCA website (www.iepf.gov.in).
  • · SEBI mandates KYC updation (PAN linked to Aadhaar, bank details, nomination, etc.) for all physical security holders; non-updation may restrict grievance lodging and dividend payments.
MEHUL COLOURS LIMITED Corporate Governance neutral materiality 3/10

21-05-2026

Mehul Colours Limited has informed the stock exchange that a Board Meeting is scheduled for 30th May 2026 to consider and approve the audited financial results for the half year and year ended 31st March 2026. This is a routine corporate governance disclosure with no financial figures or performance data provided.

  • · Board Meeting date: 30th May 2026
  • · Agenda: Consider and approve audited financial results for half year & year ended 31st March 2026
  • · Company scrip code: 544472, scrip ID: MEHUL
  • · Filing date: 21st May 2026
Emami Limited Analyst/Investor Meet neutral materiality 1/10

21-05-2026

Emami Limited (Scrip Code: EMAMILTD / 531162) has disclosed the link to the audio recording of its post-results conference call with analysts/investors held on May 21, 2026, following the declaration of audited financial results (standalone & consolidated) for Q4 and the full financial year ended March 31, 2026. The filing contains no financial figures, performance data, or period-over-period comparisons, only the regulatory disclosure of the audio recording link.

  • · Filing discloses audio recording link for Q4 FY-26 conference call held on May 21, 2026.
  • · Call covers audited financial results (standalone & consolidated) for quarter and financial year ended March 31, 2026.
  • · Link provided: https://www.emamiltd.in/investors/quarterly-financials/
Emami Limited Corporate Governance neutral materiality 6/10

21-05-2026

Emami Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. The Board also approved the re-appointment of Shri Harsha Vardhan Agarwal as Vice-Chairman & Managing Director for five years from April 1, 2027, subject to shareholder approval, and re-appointed M/s. V. K. Jain & Co as Cost Auditors for FY 2026-27. The 43rd AGM is scheduled for August 25, 2026, via video conference.

  • · The Board meeting commenced at 12:00 Noon and concluded at 1:30 P.M.
  • · The statutory auditors issued an unmodified opinion on the audited financial results.
  • · The re-appointment of Shri Harsha Vardhan Agarwal as Vice-Chairman & Managing Director is for a further period of 5 years after completion of his existing term on 31st March, 2027, subject to shareholder approval at the ensuing AGM.
  • · M/s. V. K. Jain & Co, Cost Accountants, were re-appointed as Cost Auditors for FY 2026-27.
  • · The 43rd Annual General Meeting is scheduled for Tuesday, 25th August, 2026, through Video Conference/Other Audio-Visual Means.
  • · Three subsidiaries reported total net loss after tax of ₹1,138 Lacs (Q4 FY26) and ₹1,240 Lacs (FY26), with net cash outflows of ₹197 Lacs for FY26.
  • · One subsidiary (including its six subsidiaries) reported total net loss after tax of ₹418 Lacs for Q4 FY26 but net profit after tax of ₹1,833 Lacs for FY26, with net cash outflows of ₹415 Lacs for FY26.
  • · The Group's share of net loss from five associates was ₹36 Lacs for Q4 FY26 and ₹195 Lacs for FY26.
ITC Limited Board Meeting mixed materiality 8/10

21-05-2026

ITC Limited reported standalone revenue from operations of ₹81,640.11 Cr for FY26, up 10.0% YoY from ₹74,238.13 Cr, while profit from continuing operations rose marginally 1.0% to ₹20,286.42 Cr from ₹20,093.29 Cr. However, the FMCG-Cigarettes segment revenue surged 13.7% to ₹37,099.65 Cr, but the Agri Business segment revenue declined 15.7% to ₹3,074.86 Cr in Q4 FY26 vs Q4 FY25, and Paperboards, Paper & Packaging segment profit fell 12.6% for the full year. The Board recommended a final dividend of ₹8.00 per share, bringing total dividend to ₹14.50 per share.

  • · Exceptional items of ₹183.87 Cr include ₹271.95 Cr one-time past service cost due to New Labour Codes and ₹88.08 Cr insurance claim settlement.
  • · Amalgamation of Sresta Natural Bioproducts and Wimco with ITC effective from appointed dates in FY26; Sresta's results included from 13 June 2025.
  • · GST Compensation Cess expiry led to increased excise duty on cigarettes from 1 Feb 2026, impacting comparability of revenue and excise duty figures.
  • · Board recommended re-appointment of Hemant Bhargava as Independent Director for five years from 20 Dec 2026.
  • · 115th Annual General Meeting scheduled for 23 July 2026; record date for final dividend is 27 May 2026.
ITC Limited Result mixed materiality 8/10

21-05-2026

ITC Limited reported standalone revenue from operations of ₹81640.11 Crore for the twelve months ended March 31, 2026, up 10.0% from ₹74238.13 Crore in the prior year, driven by strong growth in the FMCG-Cigarettes segment (+13.7% to ₹37099.65 Crore). However, profit from continuing operations grew only 1.0% to ₹20286.42 Crore, and the Paperboards, Paper & Packaging segment saw a 12.6% decline in segment results to ₹796.71 Crore. The Board recommended a final dividend of ₹8.00 per share, bringing the total dividend to ₹14.50 per share.

  • · The Board recommended re-appointment of Mr. Hemant Bhargava as an Independent Director for five years from December 20, 2026.
  • · The amalgamation of wholly owned subsidiaries Sresta Natural Bioproducts Private Limited and Wimco Limited with ITC was approved by NCLT and effective from appointed dates in FY26.
  • · Exceptional items for FY26 include a one-time past service cost of ₹271.95 Crore due to new labour codes and an insurance claim receipt of ₹88.08 Crore.
  • · The total dividend for FY26 is ₹14.50 per share (interim ₹6.50 + final ₹8.00), compared to ₹14.35 per share in FY25.
  • · The 115th Annual General Meeting is scheduled for July 23, 2026.
  • · Record date for final dividend is May 27, 2026; payment between July 24-29, 2026.
ITC Limited Corp Action neutral materiality 6/10

21-05-2026

ITC Limited's Board of Directors approved audited financial results for Q4 and full year ended March 31, 2026, with an unmodified audit opinion. The Board recommended a final dividend of ₹8/- per share, bringing the total dividend for FY2026 to ₹14.50 per share, and fixed a record date of May 27, 2026. The 115th Annual General Meeting is scheduled for July 23, 2026, and the re-appointment of Mr. Hemant Bhargava as Independent Director was recommended.

  • · The audit opinion from S R B C & CO LLP is unmodified.
  • · Record date for final dividend entitlement is May 27, 2026.
  • · Final dividend payment period (if declared) is July 24-29, 2026.
  • · Mr. Hemant Bhargava's re-appointment as Independent Director is for five years from December 20, 2026.

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