ITC Ltd — Interim / Quarterly Report 2025

Aug 1, 2025

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1[st] August, 2025

The Manager Listing Department National Stock Exchange of India Ltd. Exchange Plaza Plot No. C-1, G Block Bandra-Kurla Complex Bandra (East) Mumbai 400 051

The General Manager Dept. of Corporate Services BSE Ltd. P. J. Towers Dalal Street Mumbai 400 001

The Secretary The Calcutta Stock Exchange Ltd. 7, Lyons Range Kolkata 700 001

Dear Sirs,

Unaudited Financial Results for the quarter ended 30[th] June, 2025

• as approved by the Board of Directors of the Company at the meeting held today i.e., 1[st] August, 2025:

• (i) Unaudited Financial Results of the Company, both Standalone and Consolidated, for the Quarter ended 30[th] June, 2025;

• (ii) Unaudited Segment-wise Revenue, Results, Assets and Liabilities of the Company, both Standalone and Consolidated, for the Quarter ended 30[th] June, 2025;

• (iii) Limited Review Reports from the Statutory Auditors of the Company, Messrs. S R B C & CO LLP, Chartered Accountants, on the aforesaid Standalone and Consolidated Financial Results.

The Board Meeting commenced at 2.30 p.m. and concluded at 5.05 p.m.

Yours faithfully, ITC Limited

RAJENDRA Digitally signed by RAJENDRA KUMAR KUMAR SINGHI Date: 2025.08.01 SINGHI 17:16:25 +05'30'

(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

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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

A Enduring Value ITC Limited

Statement of Unaudited Standalone Financial Results for the Quarter ended 30th June, 2025

		If inCroresl	If inCroresl	If inCroresl	If inCroresl
Particulars CONTINUING OPERATIONS Gross Revenue from sale of products and services (i) Other operating revenue (ii) REVENUE FROM OPERATIONS[(i)+(ii)] 1 OTHER INCOME 2 TOTAL INCOME(1+2) 3		3 Months ended 30.06.2025	Corresponding 3 Months ended 30.06.2024	Preceding 3 Months ended 31.03.2025'	Twelve Months ended 31.03.2025
		(Unaudited)	(Unaudited)	(Audited)	(Audited)
		20910.95 148.03	17456.68 136.34	18266.17 227.89	73464.55 771.52
		21058.98 662.08 21721.06	17593.02 698.54 18291.56	18494.06 795.45 19289.51	74236.07 3454.31 77690.38
EXPENSES a) Cost of materials consumed b) Purchases of Stock-in-Trade c) Changes in inventories of finished goods, Stock-in-Trade, work-in-progress and intermediates d) Excise duty e) Employee benefits expense f) Finance costs g) Depreciation and amortization expense h) Other expenses TOTAL EXPENSES 4		6171.10 3915.83 (14.51) 1309.07 915.47 12.93 365.31 2500.75 15175.95	5351.91 3123.39 (1349.45) 1219.65 863.66 8.33 355.37 2297.09 11869.95	6118.75 1817.60 (124.29) 1245.85 869.43 8.51 356.48 2580.33 12872.66	23440.12 8936.22 (640.50) 4912.55 3416.73 36.35 1441.93 10146.12 51689.52
PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3-4) 5 EXCEPTIONAL ITEMS 6 PROFIT BEFORE TAX (5+6) 7 TAX EXPENSE 8 a) Current Tax b) Deferred Tax PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS (7-8) 9		6545.11 - 6545.11 1632.75 1577.96 54.79 4912.36	6421.61 - 6421.61 1601.68 1548.84 52.84 4819.93	6416.85 6416.85 1542.14 1378.09 164.05 4874.71	26000.86 527.96 26528.82 6436.97 5990.17 446.80 20091.85
PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX FROM DISCONTINUED OPERATIONS EXCEPTIONAL ITEMS OF DISCONTINUED OPERATIONS TAX EXPENSE OF DISCONTINUED OPERATIONS PROFIT FOR THE PERIOD FROM DISCONTINUED OPERATIONS (10+11-12) (Refer Note 7)	10 11 12 13	~~-~~ - - -	133.13 (3.04) 32.57 97.52	~~-~~ 15179.43 492.57 14686.86	572.52 15163.06 631.82 15103.76
PROFIT FOR THE PERIOD (9+13)	14	4912.36	4917.45	19561.57	35195.61
OTHER COMPREHENSIVE INCOME A (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be reclassified to profit or loss B (i) Items that will be reclassified to profit or loss (ii) Income tax relating to items that will be reclassified to profit or loss TOTAL COMPREHENSIVE INCOME (14+15)	15 16	188.83 177.03 (27.19) 47.14 (8.15) 5101.19	(147.55) (182.70) 20.95 18.98 (4.78) 4769.90	(608.28) (704.29) 101.56 2.89 (8.44) 18953.29	(929.38) (1026.75) 85.34 23.30 (11.27) 34266.23
PAID UP EQUITY SHARE CAPITAL (Ordinar Shares of f 1/- each) RESERVES EXCLUDING REVALUATION RESERVES EARNINGS PER SHARE (of f 1/- each) (not annualised): For Continuing Operations (a) Basic (f) (b) Diluted (fl For Discontinued Operations (a) Basic(f) (b)Diluted(f) For Continuing and Discontinued Operations (a) Basic(f) (b) Diluted(f)	17 18 19	1251.75 3.93 3.92 - - 3.93 3.92	1248.47 3.86 3.85 0.08 0.08 3.94 3.93	1251.41 1251.41 66648.73 3.89 16.07 3.89 16.05 11.75 12.08 11.73 12.06 15.64 28.15 15.62 28.11

• The figures for the preceding 3 months ended 31.03.2025 are the balancing figures between the audited figures in respect of the full financial year ended 31.03.2025 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 1st August, 2025.

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. 34,22,360 Ordinary Shares of Z 1/- each were issued and allotted under the Company's Employee Stock Option Schemes during the quarter ended 3oth June, 2025. Consequently, the issued and paid-up Share Capital of the Company stands increased to <' 1251,75,42, 141/- as on 30th June, 2025.

4. The Company on 21st May, 2025 acquired 594 Equity Shares of< 10/- each and 2,201 Compulsorily Convertible Preference Shares of Z 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 39.47% of its share capital on a fully diluted basis.

5. The Company on 13th June, 2025 acquired the entire share capital of Sresta Natural Bioproducts Private Limited (SNBPL), consequent to which SNBPL became a wholly owned subsidiary of the Company and its subsidiaries viz., Fyve Elements LLC, USA and Sresta Global FZE, UAE, became step-down wholly owned subsidiaries of the Company with effect from the said date.

6. The Board of Directors of the Company at the meeting held today i.e. 1st August, 2025 has approved, subject to necessary approvals, the Scheme of Amalgamation of Sresta Natural Bioproducts Private Limited and Wimco Limited, wholly owned subsidiaries, with the Company under Sections 230 and 232 of the Companies Act, 2013. Pending approval, no effect of the same has been given in these results.

7. Discontinued Operations represents operations of the Hotels Business of the Company (excluding ITC Grand Central, Mumbai) which was demerged pursuant to the Scheme of Arrangement amongst the Company and ITC Hotels Limited and their respective shareholders and creditors under Sections 230 to 232 read with the other applicable provisions of the Companies Act, 2013 ('the Scheme') w.e.f 1st January, 2025, being the Appointed Date and the Effective Date of the Scheme. Comparative information has been presented accordingly.

Brief particulars of the Discontinued Operations are given as under:

					(?in Crores)
			Corresponding	Preceding
Sr. No.	Pariculars	3 Months ended	3 Months ended	3 Months ended	Twelve Months ended
		30.06.2025	30.06.2024	31.03.2025	31.03.2025
		(Unaudited)	(Unaudited)	(Audited)	(Audited)
a.	Revenue from Operations	-	644.89	-	2277.73
b.	Total Income	-	647.62	-	2296.94
C.	Total Expenses	-	514.49	-	1724.42
d.	Profit Before Exceptional ltems and Tax (b-c)	-	133.13	-	572.52
e.	Exceptional Items	-	(3.04)	15179.43	15163.06
f.	Tax Expenses	-	32.57	492.57	631.82
g.	Profit from Discontinued Operations (d+e-f)	-	97.52	14686.86	15103.76

1. 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, 2025

	, "_1 _in Crores	, "_1 _in Crores	, "_1 _in Crores	, "_1 _in Crores
	STANDALONE
Pariculars	3 Months ended 30.06.2025	Corresponding 3 Months ended 30.06.2024	Preceding 3 Months ended 31.03.2025 # Twelve Months ended 31.03.2025
	{Unaudited	<Unaudited	(Audited (Audited
1. Segment Revenue a) FMCG - Cigarettes - Others Total FMCG b) Agri Business c) Paperboards, Paper & Packaging d) Others Total Less:Inter-segment revenue	8520.04 5777.01	7918.10 5491.03	8399.61 5494.63 32631.27 21981.57
	14297.05	**13409.13 **	13894.24	54612.84
	9685-03 2115.76 68.01	6973.32 1976.65 32.93	3649.16 2187.62 52.72	19753_80 8422.81 167.37
	26165.85	**22392.03 **	19783.74	82956.82
	5254.90	4935.35	1517.57	9492.27
**GrossRevenue from sale of oroductsand serices **	20910.95	17456.68	18266.17	73464.55
2. Segment Results a) FMCG - Cigarettes - Others [Note (i)] Total FMCG b) Agri Business c) Paperboards, Paper & Packaging d) Others Total Less i) Finance Costs ii) Other un-allocable (income) net of un-allocable expenditure [Note (ii)] iii} Exceptional Items	5145.28 397.49	4959.62 475.86	5117.86 344.89	20024.87 1579.66
	5542.77	**5435.48 **	5462.75	21604.53
	433.88 162.62 16.60)	355.80 261.31 11.61	255.06 202,23 20.94	1478.03 911.49 64.02
	6132.67	6064.20	5940.98	24058.07
	12.93 (425.37) -	8.33 {365.74) -	8.51 (484.38) -	36.35 (1979.14) (527.96)
ProfitBefore Tax from ContinuinaOperations	6545.11	6421.61	6416.85	26528.82
3. Segment Asset a) FMCG- Cigarettes - Others Total FMCG b) Agri Business C) Paperboards, Paper & Packaging d) Others Total Discontinued Operations* Unallocated Corporate Assets	10071.82 16098.09	9298.35 15287,81	9929.46 12911.68	9929.46 12911.68
	26169.91	24586.16	**22841.14 **	**22841.14 **
	9284.61 9773.42 193.27	7332.49 9590.41 135.38	6956.68 9656.83 149.52	6956.68 9656.83 149.52
	45421.21 - 45091.56	41644.44 6508.80 45629.02	39604.17 - 44405.03	39604.17 - 44405.03
Total Asset	90512.77	93782.26	84009.20	84009.20
4. Segment Liabilities a) FMCG- Cigarettes - Others Total FMCG b) Agri Business C) Paperboards, Paper & Packaging d) Others Total Discontinued Operations* Unallocated Corporate Liabilities	5975.77 2609.86	5824.65 2432.52	5516.37 2442.96	5516.37 2442.96
	**8585.63 **	8257.17	7959.33	7959.33
	1797.94 1364.72 40.36	1728.72 1272.55 24.70	2221.65 1361.09 60.69	2221.65 1361.09 60.69
	11788.65 - 5596.31	11283.14 1058.91 4404.53	11602.76 - 4506.30	11602.76 - 4506.30
Total Liabilities	17384.96	16746.58	**16109.06 **	**16109.06 **

The figures for the preceding 3 months ended 31.03.2025 are the balancing figures between the audited figures in respect of the full financial year ended 31.03.2025 and the year to date figures upto the third quarter of that financial year, which were subjected to lirhited review. * Refer Note 7 to the Standalone Financial Results.

Note (i): ln respect of FMCG-Others segment, earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter ended 30.06.2025 is� 545.57 Crores (quarter ended 30.06.2024 - t 619.30 Crores, quarter ended 31.03.2025 - { 489.96 Crores and twelve months ended 31.03.2025 - { 2163.92 Crores)

Note (ii): As stock options and stock appreciation !inked reward units are granted to align the interests of employees with those of shareholders and also to attract and retain talent for the enterprise as a whole, the charge thereof do not form part of the segment performance reviewed by the Corporate Management Committee.

Notes:

(1) The Company's corporate strategy aims at creating multiple drivers of growth anchored on its core competencies. The Company is currently focused on three business groups : FMCG, Paperboards, Paper & Packaging and Agri Business. The Company's organisational structure and governance processes are designed to support effective management of multiple businesses while retaining focus on each one of them.

The Operating Segments have been reported in a manner consistent with the internal reporting provided to the Corporate Management Committee, which is the Chief Operating Decision Maker.

(2)

The business groups comprise the following :

FMCG Cigarettes Cigarettes, Cigars etc. others Branded Packaged Foods Businesses (Staples & Meals; Snacks; Dairy & Beverages; Biscuits & Cakes; Chocolates, Coffee & Confectionery); Education and Stationery Products; Personal Care Products; Safety Matches and Agarbattis. Paperboards, Paper & Packaging Paperboards, Paper including Specialty Paper & Packaging including Flexibles. Agri Business Agri commodities such as wheat, rice, spices, coffee, soya and leaf tobacco. Others ITC Grand Central Hotel, Mumbai; FoodTech.

(3) Segment results of 'FMCG others' are after considering significant business development. brand building and gestation costs of Branded Packaged Foods businesses and Personal Care Products business.

Registered Office Virginia House, 37 J.L. Nehru Road, " '"··- Kolkata 700 071, India Dated : 1st August, 2025 Place : Kolkata, India / Direct �,�ancial Officer � 4ui"''" "[;-�•er ] [��N: 01804345) Chairman & Managing Director \( (DIN: 00280529)

Website: www.itcportal.com I E-mail: enduringvalue@itc.in I Phone: +91-33-2288 9371 I Fax: +91-33-2288 0655 ! CIN : L 16005WB191 0PLC001985

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F.ndurlnj! \'alui, ITC Limited

Statement of Unaudited Consolidated Financial Results for the Quarter ended 30th June, 2025

	If in Crores)	If in Crores)	If in Crores)	If in Crores)	If in Crores)
Particulars		3 Months ended 30.06.2025	Corresponding 3 Months ended 30.06.2024	Preceding 3 Months ended 31.03.2025#	Twelve Months ended 31.03.2025
		(Unaudited) 23007.49 121.86	(Unaudited)	(Audited)	(Audited)
CONTINUING OPERATIONS Gross Revenue from sale of products and serices Other operating revenue REVENUE FROM OPERATIONS [(i)+(ii)] OTHER INCOME TOTAL INCOME(1+2)	(,) (ii) 1 2 3		19239.05 111.03	20176.41 199.95	80942.76 670.02
		23129.35 682.21 23811.56	19350.08 682.70 20032.78		81612.78 2529.69 84142.47
EXPENSES a)Cost of materials consumed b)Purchases of Stock-in-Trade and Biological Assets ,)Changes in inventories of finished goods, Stock-in-Trade, work-in-progress, intermediates and Biological Assets d)Excise duty e)Employee benefts expense f)Finance costs g)Depreciation and amortization expense h)Other expenses TOTAL EXPENSES SHARE OF PROFIT/ (LOSS) OF ASSOCIATES AND JOINT VENTURES PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX {3-4+5) EXCEPTIONAL ITEMS PROFIT BEFORE TAX (6+7) TAX EXPENSE a) Current Tax b) Deferred Tax PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS (8-9) PROFIT BEFORE EXCEPTIONAL ITEMS ANO TAX FROM DISCONTINUED OPERATIONS EXCEPTIONAL ITEMS OF DISCONTINUED OPERATIONS TAX EXPENSE OF DISCONTINUED OPERATIONS PROFIT FOR THE PERIOD FROM DISCONTINUED OPERATIONS {11+12-13) (Refer Note 7) PROFIT FOR THE PERIOD(10+14)	4 5 6 7 8 g 10	6238.30 3894.19 97.99 1634.56 1675.85 16.47 422.96 2771.99 16752.31 68.76 7128.01 7128.01 1784.60 1738.59 46.01 5343,41
	11 12 13 14 15	- - 5343.41
OTHER COMPREHENSIVE INCOME A(i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be reclassified lo profit or loss 8(i) Items that will be reclassifed to profit or loss (ii) Income tax relatlng to items that will be reclassified to profit or loss TOTAL COMPREHENSIVE INCOME (15+16) PROFIT FOR THE PERIOD ATTRIBUTABLE TO: OWNERS OF THE PARENT NON-CONTROLLING INTERESTS OTHER COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO· OWNERS OF THE PARENT NON-CONTROLLING INTERESTS TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO: OWNERS OF THE PARENT NON-CONTROLLING INTERESTS PAID UP EQUITY SHARE CAPITL (Ordinary Shares of { 1/- each) RESERVES EXCLUDING REVALUATION RESERVES EARNINGS PER SHARE (of { 1/- each) (not annualised): For Continuing Operations (a) Basic ({) (b) Diluted ({) For Discontinued Operations (a) Basic (�) (b) Diluted({) For Continuing and Discntinued Operations (a) Basic ({) {b) Diluted({)	16 17 18 19 20

"The figures for the preceding 3 months ended 31.03.2025 are the balancing figures between the audited figures in respect of the full financial year ended 31.03.2025 and the year to date figures upto the third quarter of that financial year, which were subjected to limited review.

Notes:

1. The unaudited Consolidated 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 1st August, 2025.

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'.

1. 34,22,360 Ordinary Shares of " 1/- each were issued and allotted under the Company's Employee Stock Option Schemes during the quarter ended 30th June, 2025. Consequently, the issued and paid-up Share Capital of the Company stands increased to < 1251,75,42, 141/- as on 30th June, 2025.

2. The Group on 21st May, 2025 acquired 594 Equity Shares of < 10/- each and 2,201 Compulsorily Convertible Preference Shares of< 10/­ each of Mother Sparsh Baby Care Private Limited (Mother Sparsh), an associate company, consequent to which the Group's shareholding in Mother Sparsh aggregated 39.47% of its share capital on a fully diluted basis.

3. The Group on 13th June, 2025 acquired the entire share capital of Sresta Natural Bioproducts Private Limited (SNBPL), consequent to which SNBPL became a wholly owned subsidiary of the Company and its subsidiaries viz., Fyve Elements LLC, USA and Sresta Global FZE, UAE, became step-down wholly owned subsidiaries of the Company with effect from the said date.

The fair values of assets and liabilities acquired have been provisionally determined and recorded in accordance with Ind AS 103 on 'Business Combinations' and have been reflected in 'FMCG - Others' segment. Accordingly, financial results of the Group and 'FMCG­ Others' segment for the quarter ended 30th June, 2025 include those of SNBPL and its subsidiaries from 13th June, 2025 and hence are not comparable with previous periods.

1. The Board of Directors of the Company at the meeting held today i.e. 1st August, 2025 has approved, subject to necessary approvals, the Scheme of Amalgamation of Sresta Natural Bioproducts Private Limited and Wimco Limited, wholly owned subsidiaries, with the Company under Sections 230 and 232 of the Companies Act, 2013.

2. Discontinued Operations represents operations of the Hotels Business of the Group (excluding ITC Grand Central, Mumbai) which was demerged pursuant to the Scheme of Arrangement amongst the Company and ITC Hotels Limited and their respective shareholders and creditors under Sections 230 to 232 read with the other applicable provisions of the Companies Act, 2013 ('the Scheme') w.e.f 1st January, 2025, being the Appointed Date and the Effective Date of the Scheme. Comparative information has been presented accordingly.

Brief particulars of the Discontinued Operations are given as under:

Brief particulars of the Discontinued Operations are given as under:	Brief particulars of the Discontinued Operations are given as under:	Brief particulars of the Discontinued Operations are given as under:	Brief particulars of the Discontinued Operations are given as under:	Brief particulars of the Discontinued Operations are given as under:	Brief particulars of the Discontinued Operations are given as under:
fin Crores
Sr No	Pariculars	3 Months ended 30.06.2025 (Unaudited	Corresponding 3 Months ended 30.06.2024 (Unaudited	Preceding 3 Months ended 31.03.2025 (Audited	Twelve Months ended 31.03.2025 (Audited
a b C d e f g h	Revenue from Operations Total Income Total Expenses Share of Profit (Loss) of Associates and Joint Ventures Profit Before Exceptional Items And Tax (b-c+d) Exceptional Items Tax Expenses Proft from Discontinued Ooerations(e+f-n)	~~-~~ - - - - - - -	700.40 712.58 593.91 3.85 122.52 (3.04) 34.81 84.67	~~-~~ - - - - 15145.18 492.57 14652.61	2484.58 2517.16 2002.67 11.35 525.84 15128.81 638.64 15016.01

1. 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, 2025

(t in Crores)

			(t in Crores)	(t in Crores)	(t in Crores)	(t in Crores)	(t in Crores)	(t in Crores)
Pariculars			CONSOLIDATED Corresponding Preceding 3 Months 3 Months 3 Months ended ended ended 30.06.2025 30.06.2024 31.03.2025' Twelve Months ended 31.03.2025
								Twelve Months ended 31.03.2025
1. Segment Revenue a) FMCG - Cigarettes -Others Total FMCG b) Agri Business c) Paperboards, Paper & Packaging d) Others Total Less:Inter-segment revenue Gross Revenue from sale of products and serices 2. Segment Results a) FMCG - Cigarettes -Others Total FMCG b) Agri Business c) Paperboards, Paper&Packaging d) Others Total Less: i) Finance Costs ii) Other un-altocab!e (income) net of un-allocable expenditure (Refer Note) iii) Exceptional items Add: i) Share of Proft/ (Loss) of associates and joint ventures			(Unaudited) 9553.86 5800.44 15354.30 9723.84 2116.62 1182.59 28377.35 5369.86	{Unaudited) 8842.22 5498.80	(Audited) 9228.66 5503.33			(Audited) 35893.57 22015.12
				14341.02 6997.89 1976.85 969.85 24285.61 5046.56	14731.99 3694.64 2188.69 1164.99 21780.31 1603.90			57908.69 20163.79 8424.58 4288.11 90785.17
								9842.41
			23007.49 5498.93 399.03	19239.05 5255.06 479.17	20176.41			80942.76
					5402.57 346.18			21091.35 1590.23
			5897.96 434.67 151.40 154.88	5734.23 344.60 256.15 133.42	5748.75 252.71 194.96 204.62			22681.58 1540.30 883.11 670.73
			6638,91 16.47 (436.81) " 68.76	6468.40 9.60 (356.01) " 3,76	6401.04 10.91 (347.58) " 98.41			25775.72 45.06 (1085.86) " 110.42
Profit Before Tax from continuina operations 3. Segment Assets a) FMCG - Cigarettes - Others Total FMCG b) Agri Business c) Paperboards, Paper & Packaging d) Others Total Discontinued Operations Unallocated Corporate Assets Total Assets 4. Segment Liabilities a) FMCG - Cigarettes - Others Total FMCG b) Agri Business c) Paperboards, Paper & Packaging d) Others Total Discontinued Operations Unallocated Corporate Liabilities			7128.01 10608.46 16724.06	6818.57 9840.59 15389.84	6836.12 10584.67 13016.19			26926.94 10584.67 13016.19
			27332.52 10260.29 10022.05 3121.40 50736.26 " 44428.35	25230.43 8167.40 9802.11 2526.98 45726.92 10073.95 42591.88	23600.86 7904.83 9908.98 2736.44 44151.11 " 43939.57			23600.86 7904.83 9908.98 2736.44 4151.11 " 43939.57
			95164.61	98392.75	88090.68			88090.68 5729.56 2432.70 8162.26 2176.93 1384.96 1101.44
			6216.02 6029.86 2682.66 2419.03		5729.56 2432.70
			8898.68 8448.89		8162.26
			1715.41 1698.23 1378.45 1297.78 1082.61 1118.05		2176.93 1384.96 1101.44
			13075.15 12562.95 " 1280.00 6007.58 4687.89		12825.59 " 4867.15			12825.59 " 4867.15
Total Liabilities			19082.73 18530.84		17692.74 17692.74

u The figures for the preceding 3 months ended 31.03.2025 are the balancing figures between the audited figures in respect of the full financial year ended 31.03.2025 and the year to date figures upto the third quarter of that financial year, which were subjected to limited review. * Refer Note 7 to the Consolidated Financial Results. Note: As stock options and stock appreciation linked reward units are granted to align the interests of employees with those of shareholders and also to attract and retain talent for the Group as a whole, the charge thereof do not form part of the segment performance reviewed by the Corporate Management Committee.

Notes:

{1) The Group's corporate strategy aims at creating multiple drivers of growth anchored on its core competencies. The Group is currently focused on three business groups: FMCG, Paperboards, Paper & Packaging and Agri Business. The Group's organisational structure and governance processes are designed to support effective management of multiple businesses while retaining focus on each one of them.

The Operating Segments have been reported in a manner consistent with the internal reporting provided to the Corporate Management Committee, which is the Chief Operating Decision Maker.

(2) The business groups comprise the following : FMCG Cigarettes Cigarettes, Cigars etc. Others Branded Packaged Foods Businesses {Staples & Meals; Snacks; Dairy & Beverages; Biscuits & Cakes; Chocolates, Coffee & Confectionery); Education and Stationery Products; Personal Care Products; Safety Matches and Agarbattis. Paperboards, Paper & Packaging Paperboards, Paper including Specialty Paper & Packaging including Flexibles. Agri Business Agri commodities such as wheat, rice, spices, coffee, soya, leaf tobacco and potato. Others Information Technology services; lTC Grand Central Hotel, Mumbai; FoodTech etc.

(3) Segment results of 'FMCG : Others' are after considering significant business development, brand building and gestation costs of Branded Packaged Foods businesses and Personal Care Products business.

Registered Office:
Virginia House, 37 J.L. Nehru Road,	For and on behalf of the Board
Kolkata 700 071, India
Dated : 1st August, 2025		Chairman & Managing Director
Place : Kolkata, India		(DIN : 00280529)
Website: www.itcportat.com I E-mail: enduringvalue@itc.in I Phone: +91-33-2288 9371 I Fax: +91-33-2288 0655 I		CIN : L 16005WB1910PLC001985

A Endurin� Value .. - -·····�-- ITC Limited

Endurin� Value ITC Limited .. - -·····�--	Endurin� Value ITC Limited .. - -·····�--	Endurin� Value ITC Limited .. - -·····�--	Endurin� Value ITC Limited .. - -·····�--	Endurin� Value ITC Limited .. - -·····�--	Endurin� Value ITC Limited .. - -·····�--	Endurin� Value ITC Limited .. - -·····�--
Extract of Unaudited Standalone and Consolidated Financial Results for the Quarer ended 30th June, 2025 _1 _in Crores l Standalone Consolidated SI. No. Pariculars Corresponding Corresponding 3 Months Twelve Months 3 Months 3 Months Twelve Months 3 Months ended ended ended ended ended ended 30.06.2025 31.03.2025 30.06.2024 30.06.2025 31.03.2025 30.06.2024 1 Total Income from continuing operations 21721.06 77690.38 18291.56 23811.56 84142.47 20032.78 2 Net Profit/ {Loss) for the period from continuing operations {before tax and Exceptional items) 6545.11 26000.86 6421.61 7128.01 26926.94 6818.57 3 Net Profit/ (Loss) for the period from continuing operations before tax (after Exceptional Items) 6545.11 26528.82 6421.61 7128.01 26926.94 6818.57 4 Net Profit/ (Loss) for the period from continuing operations after tax 4912.36 20091.85 4819.93 5343.41 20036.47 5092.32 5 Net Profit/ (Loss) for the period from discontinued operations (before tax and Exceptional items) 572.52 133.13 - 525.84 122.52 6 Exceptional items of discontinued operations 15163.06 (3.04) - 15128.81 (3.04) 7 Net Profit/ (Loss) from discontinued operations for the period after tax 15103.76 97.52 - 15016.01 84.67 8 Profit for the period [4+ 7] 4912.36 35195.61 4917.45 5343.41 35052.48 5176.99 9 Total Comprehensive Income for the period [Comprising Profit/ (Loss) for the period (after tax) and 5101.19 34266.23 4769.90 5557.49 Other Comprehensive Income (after tax)] 34427.62 4943.05 10 Equity Share Capital 1251.75 1251.41 1248.47 1251.75 1251.41 1248.47 11 Reserves (excluding Revaluation Reserve) 66648.73 68778.64 12 Earnings Per Share (of, 1/- each) (not annualised): 1. Basic (for continuing operations) ('): 3.93 16.07 3.86 4.19 15.78 4.01 2. Diluted (for continuing operations) (t): 3.92 16.05 3.85 4.18 15.76 4.00 3. Basic (for discontinued operations) (t): 12.08 0.08 - 12.01 0.07 4. Diluted (for discontinued operations)(t): - 12.06 0.08 11.99 O.D7 5. Basic (for continuing and discontinued operations)(t): 3.93 28.15 3.94 4.19 27.79 4.08 6. Diluted(for continuingand discontinued operations) (t): 3.92 28.11 3.93 4.18 27.75 4.07							_1 _in Crores l
SI. No.	Pariculars		3 Months ended 30.06.2025	Twelve Months ended 31.03.2025		Corresponding 3 Months ended 30.06.2024 18291.56 6421.61 6421.61 4819.93 133.13 (3.04) 97.52 4917.45 4769.90 1248.47 3.86 3.85 0.08 0.08 3.94 3.93
1 2 3 4 5 6 7 8 9 10 11 12	Total Income from continuing operations Net Profit/ {Loss) for the period from continuing operations {before tax and Exceptional items) Net Profit/ (Loss) for the period from continuing operations before tax (after Exceptional Items) Net Profit/ (Loss) for the period from continuing operations after tax Net Profit/ (Loss) for the period from discontinued operations (before tax and Exceptional items) Exceptional items of discontinued operations Net Profit/ (Loss) from discontinued operations for the period after tax Profit for the period [4+ 7] Total Comprehensive Income for the period [Comprising Profit/ (Loss) for the period (after tax) and Other Comprehensive Income (after tax)] Equity Share Capital Reserves (excluding Revaluation Reserve) Earnings Per Share (of, 1/- each) (not annualised): 1. Basic (for continuing operations) ('): 2. Diluted (for continuing operations) (t): 3. Basic (for discontinued operations) (t): 4. Diluted (for discontinued operations)(t): 5. Basic (for continuing and discontinued operations)(t): 6. Diluted(for continuingand discontinued operations) **(t): **		21721.06 6545.11 6545.11 4912.36 4912.36 5101.19 1251.75 3.93 3.92 - 3.93 3.92		77690.38 26000.86 26528.82 20091.85 572.52 15163.06 15103.76 35195.61 34266.23 1251.41 66648.73 16.07 16.05 12.08 12.06 28.15 28.11

Note:

a) The above is an extract of the detailed format of the Statements of Unaudited Standalone and Consolidated Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The unaudited 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 1st August, 2025. The complete Statements of Unaudited Standalone and Consolidated Financial Results are available on the Company's website at https:/www.itcportal.com/about-itc/shareholder-value/key-financials/guarterly-results.aspx and on the websites of the National Stock Exchange of India Limited (www.nseindia.com), BSE Limited (www.bseindia.com) and The Calcutta Stock Exchange Limited (www.cse-india.com). The same can also be accessed by scanning the QR Code provided below.

b) The Limited Review for the Standalone and Consolidated Financial Results, as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been completed by the statutory auditors of the Company, who have issued an unmodified report on the same which has been forwarded to the Stock Exchanges.

Registered Office Virginia House, 37 J.L. Nehru Road, Kolkata 700 071, India Dated : 1st August, 2025 Place : Kolkata, India

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For and on behalf of the Board
�/
Director & Ch�cial Officer Chairman & Managing Director
: 01804345) (DIN : 00280529)
----- End of picture text -----

Website: www.itcportal.com I E-mail: enduringvalue@itc.in I Phone: +91-33-2288 9371 I Fax: +91-33-2288 0655 I GIN : L 16005WB191 0PLC001985

SR BC& COLLP Chartered Accountants

22, Camac Street 3rd Floor, Block 'B' Kolkata - 700 016, India Tel : +91 33 6134 4000

Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors ITC Limited

• I. We have reviewed the accompanying statement of unaudited standalone financial results of ITC Limited (the "Company") for the quarter ended June 30, 2025 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

• The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Repo1ting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.

• We conducted our review of the Statement in accordance with the Standard 011 Re,·iew Engagements ( SRE) 2410, "Review of Interim Financial Infonnation Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perfonn the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not perfonned an audit and accordingly, we do not express an audit opinion.

• Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 20 I 3 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Fors RB C & co LLP

number: 324982E/E300003

per Arv1 Partner Membership No.: 89802

UDIN: 25089802BMNPUL3436 Place - Kolkata Date - August O I, 2025

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S R B C & CO LLP. il L,m,ted L•.it-,11ty P;irtnersh1p .villi LLP Identity No. AA0·4310 Regd 0!1,cc, 22. (d,n,K Str<:>�t Glotk 'B' 3rd f"loor. KOH<ata 700016

SR BC & CO LLP Chartered Accountants

22, Camac Street 3rd Floor, Block 'B' f<olkata • 700 016, India Tel : +91 33 6134 4000

Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors ITC Limited

1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of ITC Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), its associates and joint ventures for the quarter ended June 30, 2025 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, '"Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

1. The Statement includes the results of the entities as mentioned in Annexure 1.

2. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

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SR 8 C & co LLP. a limited uao,I,ty Partnersh,pw,th LLP Identity No AA0-4318

SR BC & CO LLP Chartered Accountants

ITC Limited Page 2 of 4

1. The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of twenty three subsidiaries, whose unaudited interim financial results include total revenues of Rs. 1,096.79 crores, total net profit after tax of Rs. 133.52 crores, total comprehensive income of Rs. 167.48 crores, for the quarter ended June 30, 2025, as considered in the Statement which have been reviewed by their respective independent auditors. The independent auditor's reports on interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement in respect of matters stated in para 6 is not modified with respect to our reliance on the work done and the reports of the other auditors.

For S R B C & CO LLP Chartered Accountants ICAI Firm r • tration number: 324982E/E300003

per Partn Membership No.: 89802

UDIN: 25089802BMNPUM9585

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Place: Kolkata Date: August 01, 2025

SR BC & CO LLP Chartered Accountants

ITC Limited Page3 of4

Annexure -1 List of subsidiaries/associates/joint ventures

Subsidiaries

S. No.	Name
1	Russell Credit Limited
2 3	Greenacre Holdinos Limited Technico Aari Sciences Limited
4	Praa Aaro Farm Limited
5	Pavan Poplar Limited
6	ITC lnfotech India Limited
7	ITC lnfotech Do Brasil L TDA.*
8 9 10	ITC lnftech Limited, UK ITC lnfotech (USA), Inc. lndivate Inc.*
11	ITC lnftech GmbH*
12	ITC lnftech France SAS*
13	ITC lnftech Malaysia SDN. BHD.*
14	ITC lnfotech de Mexico, S.A. de C.V.*
15	ITC lnftech Arabia Limited*
16	ITC lnfotech Italia s.r.l.*
17	BlazeclanTechnoloqiesPrivate Limited, India*
18	Cloudlvtics Technoloaies Private Limited, India*
19 20	Blazeclan Technoloaies Ptv. Limited, Australia Blazeclan Technoloqies Limited, New Zealand
21	Blazeclan Americas Inc., USA*
22	Blazeclan Technoloaies Pte. Limited, Sinaapore*
23	Blazeclan Technoloaies SDN. BHD.,Malavsia*
24	Blazeclan Technoloqies Corporation, Philiooines*
25	Blazeclan Europe SRL., Belgium*
26	Blazeclan Technoloaies LLC, USA*
27	Blazeclan Technoloqies Inc., Canada*
28	Sresta Natural Bioproducts Private Limited (w.e.f. June 13, 2025)
29	Fvve Elements LLC, USA_(w.e.f._June 13, 2025)*
30	Sresta Global FZE, UAE_(w.e.f._June 13, 2025)*
31	Technico Ptv Limited
32	Technico Technologies Inc.*
33	Technico Asia Holdinas Ptv Limited*
34 35	Technico Horicultural (Kunmina) Co. Limited* ITC lnteqrated Business Serices Limited
36	MRR Tradina & Investment Company Limited*
37	Gold Flake Corooration Limited
38 39	Sura Nepal Private Limited Surva Nepal Ventures Pvt. Ltd.*
40	North East Nutrients Private Limited
41	Wimco Limited
42	ITC lndiVision Limited
43	ITCFibreInnovations Limited

*Represents step-down subsidiaries

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SR BC & CO LLP Chartered Accountants

ITC Limited Page 4 of 4

Associates	Associates	Associates
S. No.		Name
1		ATC Limited#
2		Divya Manaqement Limited #
3		Antrana Finance Limited #
4		Russell Investments Limited #
5 6		Delectable Technoloqies Private Limited (till May 12, 2025) Mother Sparsh Baby Care Private Limited
7		SoroutlifFoods Private Limited
8		ITC Hotels Limited
9		Ample FoodsPrivate Limited (w.e.f. April 04, 2025)
# Represents associate of subsidiaries Joint Ventures
S. No. 1 2		Name
		Loqix Developers Private Limited
		ITC Filtrona Limited'
~~. . ~~ 'Joint venture of a subs1d1ar

Represents associate of subsidiaries

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