ITC Q2 preview: Cigarette biz may drag PAT down up to 28%, say analysts
ITC moved lower in a quarterly results development for Q2FY27.
· Business Standard Mkts
ITC Q2 results expectations: Analysts expect ITC Ltd to deliver an overall weak performance in Q2FY27, with revenue projected to decline by around 5 per cent.
Key facts
- Period
- Q2FY27
The analysis
ITC reported movement of 5%, 28% and -28% for Q2FY27. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.8% on the day at ₹267.80, and has returned -6.8% over three months. It sits 36% below its 52-week high, which means a good deal of bad news was already in the price. The fmcg sector has moved -10.7% over the same period, so ITC is running 3.9 points ahead of its peers.
For ITC, the question is how much of this is already reflected in the price and how much re-rates the fmcg peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: ITC (ITC), in FMCG.
- Over three months: ITC -6.8% against FMCG -10.7% (3.9 points ahead).
- At least 25% below the 52-week high: ITC (36%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| ITCITC · FMCG | ₹267.80 | +0.8% | +1.1% | -6.8% | -36.3% | 0.1× | — |
FMCG
1M -4.9% · 3M -10.7%
ITC
Prices as of 2 Nov 2026, 09:57 IST. Sector moves are the average of the stocks we track in each sector.
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