General Updates

2nd November, 2026 The Manager The General Manager Listing Department Dept. of Corporate Services National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza, Plot No. C-1, G Block P. J. Towers, Dalal Street Bandra-Kurla Complex, Bandra (East) Mumbai 400 001 Mumbai 400 051 Dear Sirs, Unaudited Financial Results - Media Statement and Presentation Further to our letter dated 2nd November, 2026 forwarding the Unaudited Financial Results of the Company for the Quarter and Six Months ended 30th September, 2026, we now enclose a copy of the Media Statement issued by the Company and a presentation on the Company’s financial performance for the aforesaid period for information of the investors. Yours faithfully, ITC Limited (R. K. Singhi) Executive Vice President & Company Secretary Encl: as above. FMCG  PAPERBOARDS & PACKAGING  AGRI-BUSINESS  INFORMATION TECHNOLOGY Visit us at www.itcportal.com  Corporate Identity Number : L16005WB1910PLC001985  e-mail : enduringvalue@itc.in cc: Securities Exchange Commission Division of Corporate Finance Office of International Corporate Finance Mail Stop 3-9 450 Fifth Street Washington DC 20549 U.S.A. cc: Societe de la Bourse de Luxembourg 35A Boulevard Joseph II L-1840 Luxembourg ITC Limited Virginia House 37 J. L. Nehru Road Kolkata, 700 071, India Tel.: 91 33 2288 9371 Fax: 91 33 2288 0655 Media Statement November 2, 2026 Financial Results for the Quarter ended 30th September, 2026 Highlights • Robust growth across all Non-Cigarette Business segments - FMCG Revenue growth at 14-quarter high ▪ Consolidated Revenue up 19% YoY (LTL1 17.3%, ex-Atta 23%), with EBITDA margin expanding 50 bps YoY amid inflationary pressures ▪ 4th consecutive quarter of double-digit Revenue growth - Strong recovery momentum in Paper Segment; Acquisition of CPP2 completed on 1st August 2026 - Agri Business delivers robust growth despite West Asia led trade disruptions. • Cigarettes Business: Focused execution of strategic and calibrated response to navigate the unprecedented tax increase, balancing the interests of all stakeholders; improvement in QoQ performance. • Group companies deliver strong performance led by ITC Infotech India Limited, Surya Nepal Private Limited, Sproutlife Foods Private Limited (wholly owned subsidiary w.e.f. 28th September 2026) & ITC Hotels Limited. PERFORMANCE HIGHLIGHTS3 • FMCG Segment sustains strong double-digit growth momentum - Biscuits, Snacks, Noodles, Spices, Salt, Frozen Snacks, Homecare & Notebooks led with 20%+ growth, supplemented by high-teens growth in Dairy & Personal wash - Seg. EBITDA margin expands over 50 bps on YoY & QoQ basis ▪ Sharp input cost escalation across categories mitigated through portfolio mix enrichment, cost management initiatives & calibrated pricing actions 1. Like to like 2 Century Pulp and Paper undertaking 3. Standalone financials FMCG ⚫ PAPERBOARDS & PACKAGING ⚫ AGRI-BUSINESS ⚫ INFORMATION TECHNOLOGY Visit us at www.itcportal.com ⚫ Corporate Identity Number : L16005WB1910PLC001985 ⚫ e-mail : enduringvalue@itc.in - Digital-first & Organic portfolio sustains high growth trajectory; up 70+% YoY; ARR4 over Rs. 1800 cr. - NewGen channels witness robust growth on the back of sharp execution of channel-specific joint business plans, collaborations, format-based assortments and category-specific sell-out strategies. Strong performance rebound in General Trade. • Cigarettes Business: Legal industry volumes remain under pressure due to unprecedented increase in tax - Calibrated response to mitigate the risk of disproportionate volume shift to illicit trade and protect consumer franchise - Multiple interventions implemented to rearchitect the portfolio, reinforce market standing and fight global smuggled brands in the market – introduction of new variants and own trademarks with international appeal - Sharp increase in seizures of smuggled cigarette consignments by enforcement agencies across the country, signalling growing exploitation by unscrupulous players and anti-social elements of the widening tax arbitrage opportunity in the Indian market. • Agri Business Segment delivers Revenue growth of 12% YoY led by Value Added Products & Leaf Tobacco exports - Overall Agri Business remains impacted by West Asia conflict led disruptions and delayed call offs by customers ▪ New market development initiatives stepped up to diversify into other geographies - Strong growth in Value-added Agri products (VAAP) driven by Spices and Fruits & Vegetables - Lower domestic demand due to unprecedented tax increase on Cigarettes continues to affect overall leaf tobacco business ▪ Leaf Tobacco exports perform well leveraging strong customer relationships, globally recognised sustainability credentials and crop development & processing expertise. • Strong Recovery momentum in Paper Segment; Segment Revenue up 36% YoY (LTL 10%) & Segment PBIT up 48% YoY (LTL 52%); Segment PBIT margin expands 320 bps - Improving demand scenario; Pricing actions mitigate severe inflation in input costs - Robust performance in anchor grades of value-added products, sustainable portfolio and exports - Wood prices remain elevated due to lower-than-expected harvest and demand from competing industries; moderation in prices expected going forward - Minimum Import Price on Virgin Multi-layered Paperboard extended till 31st March 2027; Industry continues to engage with policymakers for sustained safeguard measures in respect of low-priced imports of paperboards and coated/uncoated paper. • Fresh Food Business continued its robust growth trajectory - GMV grew 53% YoY; ARR crosses Rs. 320 cr. - 7 new kitchens opened during the quarter; footprint expanded to 80+ cloud kitchens - ‘Prasuma Chilli Chow’ launched to expand the portfolio with a street-style Chinese offering. The operating environment continued to be characterised by heightened uncertainty amidst renewed geopolitical tensions and trade disruptions. Crude oil and crude-linked input prices remained elevated, while supply chain disruptions and higher freight costs persisted. Global inflationary pressures intensified, driven by higher energy and food prices, alongside elevated sovereign bond yields and tighter financial conditions. In India, headline inflation moved up, driven by a broad-based increase across food, fuel and core components. 4. Annual Revenue Run rate Despite these pressures, the Indian economy continued to demonstrate strength, underpinned by resilient domestic demand across rural and urban markets. However, deficient and uneven monsoons and lower reservoir levels, alongside strengthening El Niño conditions, pose risks to agricultural output and the inflation trajectory. Geopolitical developments, climatic conditions, inflationary headwinds and consumer sentiment would remain key monitorables. The macroeconomic fundamentals of the Indian economy remain resilient, supported by proactive and agile policy actions by the Government of India. Sustained public capex, improving trends in private capex, strong credit growth, healthy bank and corporate balance sheets, and measures to curb foreign exchange volatility and strengthen investment activity augur well for sustained growth of the Indian economy. FMCG–Others ➢ Branded Packaged Foods Businesses • ‘Aashirvaad’ Atta continued to consolidate its leadership position across markets - Value-added atta and adjacencies portfolio comprising of ‘Multigrain atta’, ‘Select atta’, ‘Organic atta’, ‘Besan’, ‘Soya Chunks’, ‘Rava’, ‘Vermicelli’, ‘Ready-to-Cook Chapati’ etc. posted strong 30%+ growth - Reinforcing its commitment to making nutritious everyday foods more accessible, the brand augmented its portfolio with the launch of ‘Aashirvaad Sathu Mavu’ in select markets - Value-Added variants and Staples adjacencies have grown three-fold over the last 5 years, with salience in the portfolio doubling over this period. • ‘Aashirvaad’ Salt sustained its strong volume-led growth momentum, supported by its distinctive po [Showing first 8,000 characters — download PDF for full document]