Outcome of Board Meeting

ITC Limited Virginia House 37 J. L. Nehru Road Kolkata 700 071, India Tel.: 91 33 2288 9371 Enduring Value Fax: 91 33 2288 2258 / 2259 / 2260 31st July, 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, Sandra (East) Mumbai 400 001 Mumbai 400 051 Dear Sirs, Unaudited Financial Results of the Company for the Quarter ended 30th June. 2026 Further to our letter dated 17th July, 2026, we write to advise that the Board of Directors of the Company at the meeting held today, has, inter alia, approved I noted the following: (i) Approved the Unaudited Financial Results and the Unaudited Segment-wise Revenue, Results, Assets and Liabilities of the Company, both Standalone and Consolidated, for the Quarter ended 30th June, 2026; (ii) Noted the Limited Review Reports from the Statutory Auditors of the Company, Messrs.SR BC & CO LLP, Chartered Accountants, on the aforesaid Financial Results. The aforesaid documents are enclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board Meeting commenced at 12.55 p.m. and concluded at p.m. Yours faithfully, (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 : LI 6005WB 19 IOPLCOO 1985 • 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 Endurin~ Value ITC Limited Statement of Unaudited Standalone Financial Results for the Quarter ended 30th June, 2026 If in Croresl Particulars Corresponding Preceding 3 Months 3 Months 3 Months Twelve Months ended ended ended ended 30.06.2026 30.06.2025 31.03.2026' 31.03.2026 (Unaudited) (Unaudited) (Audited) (Audited) Gross Revenue from sale of products and services (i) 26794.47 20921.78 21463.36 80867.49 Other operating revenue (ii) 148.76 148.03 231.31 772.62 REVENUE FROM OPERATIONS [(i)+(ii)] 1 26943.23 21069.81 21694.67 81640.11 OTHER INCOME 2 645.33 662.03 652.75 3287.18 TOTAL INCOME (1+21 3 27588.56 21731.84 22347.42 84927.29 EXPENSES a) Cost of materials consumed 6826.87 6178.11 6528.21 25939.49 b) Purchases of Stock-in-Trade 2905.17 3915.83 1762.46 8791.91 c) Changes in inventories of finished goods, Stock-in-Trade, (1110.12) (14.27) (2515.95) (2482.79) work-in-progress and intermediates d) Excise duty 10035.63 1309.07 5644.20 9656.33 e) Employee benefits expense 978.63 916.69 922.02 3629.28 f) Finance costs 33.78 13.40 24.40 69.94 g) Depreciation and amortization expense 366.48 365.87 362.44 1473.99 h) Other expenses 2792.71 2503.66 2927.78 10897.67 TOTAL EXPENSES 4 22829.15 15188.36 15655.56 57975.82 PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3-4) 5 4759.41 6543.48 6691.86 26951.47 EXCEPTIONAL ITEMS 6 - 2.06 (183.87) PROFIT BEFORE TAX (5+6) 7 4759.41 6543.48 6693.92 26767.60 TAX EXPENSE 8 1180.59 1632.75 1580.56 6481.18 a) Current Tax 1181.29 1577.96 1660.55 5822.16 b) -Deferred Tax (0.70) 54.79 (79.99) 659.02 PROFIT FOR THE PERIOD (7-8) 9 3578.82 4910.73 5113.36 20286.42 OTHER COMPREHENSIVE INCOME 10 443.11 188.83 (883.92) (809.96) A (i) Items that will not be reclassified to profit or loss 463.54 177.03 (979.35) (832.80) (ii) Income tax relating to items that will not be reclassified to profit or loss (64.34) (27.19) 135.72 112.63 B (i) Items that will be reclassified to profrt or loss 58.95 47.14 (51.35) (120.22) (ii) Income tax relating to items that will be reclassified to profrt or loss (15.04) (8.15) 11.06 30.43 TOTAL COMPREHENSIVE INCOME (9+10) 11 4021.93 5099.56 4229.44 19476.46 PAID UP EQUITY SHARE CAPITAL (Ordinary Shares on' 1/-each) 12 1252.95 1251.75 1252.95 1252.95 RESERVES EXCLUDING REVALUATION RESERVES 13 68675.66 EARNINGS PER SHARE (off 1/-each) (not annualised): 14 (a) Basic (f) 2.86 3.93 4.08 16.20 (b) Diluted (t) 2.86 3.92 4.08 16.19 • The figures for the preceding 3 months ended 31.03.2026 are the balancing figures between the audited figures in respect of the full financial year ended 31.03.2026 and the year to date figures upto the third quarter of that financial year, which were subjected to limited review. Notes: 1. The unaudited Standalone Financial Results and Segment Results were reviewed by the Audit Committee, and approved by the Board of Directors of the Company at its meeting held on 31st July, 2026. 2. The continuing significant brand building costs covering a range of personal care and branded packaged food products are reflected under 'Other expenses' stated above and in Segment Results under 'FMCG-Others'. 3. Sproutlife Foods Private Limited became a subsidiary of the Company with effect from 1st April, 2026, consequent to the Company acquiring the right to nominate majority of Directors on its Board 4. The Company on 19th May, 2026 acquired 1,681 Equity Shares of f 10/-each of Mother Sparsh Baby Care Private Limited ('Mother Sparsh'), an associate company, consequent to which the Company's shareholding in Mother Sparsh aggregated 49.32% of its share capital on a fully diluted basis. 5. Consequent to expiry of the GST Compensation Cess, the Government of India increased GST and Central Excise duty on cigarettes with effect from 1st February, 2026. In accordance with Ind AS 115 -Revenue from Contracts with Customers and Schedule 11110 the Companies Act, 2013, GST and GST Compensation Cess are excluded from Gross Revenue from sale of products, whereas Excise duty is not excluded. Consequently, Gross Revenue from sale of products and services and Excise duty for the quarters ended 30th June, 2026 and 31st March, 2026 reflects the impact of sharp increase in Excise duty and are not strictly comparable with those of the previous periods. 6. This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Limited Review The Company is required to file its financial results with the relevant stock exchanges as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Accordingly, the financial results have been subjected to Limited Review by the Statutory Auditors of the Company, who have issued an unmodified report on the same. ITC LIMITED Segment-wise Revenue, Results, Assets and Liabilities for the Quarter ended 30th June, 2026 ft in Croresl STANDALONE Particulars Corresponding Preceding 3 Months 3 Months 3 Months Twelve Months ended ended ended ended 30.06.2026 30.06.2025 31.03.2026# 31.03.2026 (Unaudited) (Unaudited) (Audited) (Audited) 1. Segment Revenue a) FMCG -Cigarettes 15383.55 8520.04 11066.02 37099.65 -Others 6481.95 5787.34 6303.73 24209.75 Total FMCG 21865.50 14307.38 17369.75 61309.40 b) Agri Business 8082.06 9685.03 3074.86 20296.40 c) Paperboards, Paper & Packaging 2307.24 2115.76 2227.52 8765.61 d) Others 96.89 68.51 102.57 341.79 Total 32351.69 26176.68 22774.70 90713.20 Less : Inter-segment revenue 5557.22 5254.90 1311.34 9845.71 Gross Revenue from sale of products and services 26794.47 20921.78 21463.36 80867.49 2. Segment Results a) FMCG -Cigarettes 3341.23 5145.28 5488.16 21051.12 -Others [Note (i)] 478.61 396.02 520.74 1802.63 Total FMCG 3819.84 5541.30 6008.90 22853.75 b) Agri Business 353.79 433.88 179.48 1496.46 c) Paperboards, Paper & Packaging 224.22 162.62 245.15 796.71 d) Others (5.80) (6.28) 2.63 (8.06) Total 4392.05 6131.52 6436.16 25138.86 Less: i) Finance Costs 33.78 13.40 24.40 69.94 ii) Other un-allocable (income) net of (401.14) (425.36) (280.10) (1882.55) un-allocable expenditure [Note (ii)] iii) Exceptional Items - - (2.06) 183.87 Profit Before Tax 4759.41 6543.48 6693.92 26767.60 3. Segment Assets [Showing first 8,000 characters — download PDF for full document]