Media Statement and Investor Presentation - Q1 of FY 2026-27

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, Bandra (East) Mumbai 400 001 Mumbai 400 051 Dear Sirs, Unaudited Financial Results - Media Statement and Presentation Further to our letter dated 31st July, 2026 forwarding the Unaudited Financial Results of the Company for the Quarter ended 30th June, 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 July 31, 2026 Financial Results for the Quarter ended 30th June, 2026 Highlights Standalone • FMCG Segment delivers robust Revenue growth of 12% YoY (ex-Staples up 16% YoY); Segment PBIT up 21% YoY. • Strategic and calibrated response by the Cigarettes Business to the unprecedented increase in tax, balancing the interests of all stakeholders - Staggered and agile pricing actions aiding in mitigating the risk of accelerated volume migration to illicit trade while protecting consumer franchise - Multiple interventions implemented within a short span of time towards re-architecting & fortifying the product portfolio, leveraging powerful trademarks across segments and price points - Focused execution with speed & agility to enhance market responsiveness and reinforce market standing. • Paper Segment sustains recovery momentum - Revenue up 9% YoY; Segment PBIT up 38% YoY. • Agri Business Segment delivers underlying Revenue growth of 9% YoY, adjusting for impact of West Asia conflict led trade disruptions and timing difference (wheat). • Overall, Gross Revenue up 28% YoY; Net Revenue lower by 14% YoY [ex-Agri (-) 6% YoY] - EBITDA and PAT lower by 28% YoY and 27% YoY respectively. Consolidated • Robust performance by Group companies led by ITC Infotech India Limited, Surya Nepal Private Limited, Sproutlife Foods Private Limited (subsidiary w.e.f. 1st April 2026) and ITC Hotels Limited - FMCG: Segment Revenue up 15% YoY; Segment Results up 22% YoY - Gross Revenue up 28%, EBITDA & PAT (before exceptional items) lower by 24% YoY & 23% YoY respectively. PERFORMANCE HIGHLIGHTS1 • FMCG Segment delivers robust performance; Revenue up 12% YoY (ex-Staples up 16% YoY) & PBIT up 21% - Dairy, Snacks, Noodles and Frozen Snacks led with 20%+ growth, complemented by mid-teens growth in Personal Care Products - Atta performance tempered by transient factors including heat waves, LPG shortage and benign wheat prices - Strong rebound in Notebooks sales - Sustained growth momentum in Premium portfolio and NewGen channels - Segment EBITDA margin up 55 bps on YoY basis (ex-Sresta) ▪ Sharp cost increase in fuel, edible oil, soap noodles, packaging inputs etc. amid West Asia conflict; cushioned by strategic inventory covers & commodity hedges. Ongoing impact being proactively 1 Standalone financials FMCG ⚫ PAPERBOARDS & PACKAGING ⚫ AGRI-BUSINESS ⚫ INFORMATION TECHNOLOGY Visit us at www.itcportal.com ⚫ Corporate Identity Number : L16005WB1910PLC001985 ⚫ e-mail : enduringvalue@itc.in mitigated through focused cost management initiatives, smart net revenue management and price- volume rebalancing - Robust momentum continues in Digital-first & Organic portfolio; ARR2 clocking appx. Rs. 1500 cr. • Agri Business Segment performance reflects impact of West Asia conflict led trade disruptions and high base (Segment Revenue: 2 Yr. CAGR +8%) - Underlying Revenue up 9% YoY, adjusting for timing difference of wheat business (YoY) and West Asia conflict related disruptions - Strong growth in Value-added Agri products (VAAP) driven by Spices and Fruits & Vegetables - Indian Leaf Tobacco Business impacted on account of lower domestic demand, accentuated by subdued global offtake and delayed call offs amidst disruptions in West Asia - Exports of Nicotine and Nicotine derivative products continues to be scaled up leveraging state-of-the- art3 facility at Mysuru. • Paper Segment sustains strong recovery momentum; Segment Revenue up 9% YoY & Segment PBIT up 38% YoY; Segment PBIT margin expands 200 bps - Strong performance in anchor grades of value-added products, sustainable paperboards & packaging and exports - Broad based improvement in net realisations; wood cost moderates YoY - Robust growth in both Flexibles and Cartons packaging portfolio - West Asia led cost escalations mitigated through agile cost management & judicious pricing actions. • Fresh Food Business continued its robust growth trajectory - GMV grew 90% YoY; ARR crosses Rs. 300 cr. - Kitchen footprint expanded to 75 cloud kitchens across 5 cities. Q1 FY27 was marked by heightened uncertainty in the operating environment due to the ongoing conflict in West Asia, that triggered a sharp increase & volatility in the price of crude oil & crude-linked products along with significant trade & supply chain disruptions. While consumption demand, both in rural and urban markets, remained resilient during the quarter, imported inflation is a key watch-out in the near-term. India is currently experiencing significant deficit in monsoon and lower Kharif sowing levels compared to the same period last year. Additionally, spatial and temporal variations in monsoon would remain a key monitorable. A protracted conflict in West Asia, alongside emerging El Niño conditions that may weaken monsoons and intensify heatwaves, could weigh on growth, inflation and the Current Account. The macroeconomic fundamentals of the Indian economy remain resilient supported by proactive and agile policy actions by the Government of India. Sustained public capex, stable monetary conditions, banking and liquidity measures to support credit growth, and steps to attract foreign capital, curb foreign exchange volatility and strengthen investment activity, augur well for sustained growth of the Indian economy. FMCG–Others FMCG–Others delivers robust performance; Segment Revenue up 12% YoY (ex-Staples up 16% YoY) & Segment PBIT up 21% YoY • Dairy, Snacks, Noodles, Frozen Snacks, Personal Care products drive robust growth. • Atta performance reflects impact of transient factors including heat waves, LPG shortage and benign wheat prices. • Notebooks Business registered strong rebound. 2 Annual Revenue Run rate 3 Set up by the Company’s wholly owned subsidiary, ITC IndiVision Limited • Segment EBITDA margin improved 55 bps YoY (ex-Sresta). Inflationary pressures arising from the West Asia conflict impacted prices of fuel, edible oil, soap noodles and packaging inputs, partially cushioned by strategic inventory covers and commodity hedges. The Businesses continue to mitigate the impact through focused cost management initiatives, smart net revenue management and price-volume rebalancing. • Trade & marketing investments were sustained at competitive levels towards supporting growth and market standing. • Digital-first & Organic portfolio, comprising the Yogabar, 24 Mantra, Prasuma & Meatigo and Mother Sparsh brands, sustained its high-growth trajectory clocking ARR of appx. Rs. 1500 cr. • NewGen channels (viz. e-Commerce, Quick Commerce, Modern Trade) witnessed robust growth on the back of sharp execution of channel-specific joint business plans, collaborations, [Showing first 8,000 characters — download PDF for full document]