India, Nov. 3 -- ITC Limited is making progress in expanding its non-cigarette businesses, but its latest quarterly results highlight a key challenge: strong growth in FMCG and other segments is not yet translating into higher consolidated earnings.

With a market capitalisation of approximately Rs3.35 lakh crore, shares of ITC Limited were trading at around Rs268 as of November 2, 2026. The stock has a 52-week trading range of Rs253 to Rs415 and trades at a trailing P/E of approximately 18x.

Q2 Numbers For Q2 FY27, ITC reported consolidated gross revenue of Rs30,431 crore, up 44.6% year-on-year, while net revenue increased 5.1% to Rs20,454 crore. EBITDA declined 15.7% to Rs5,645 crore, and profit before tax (PBT) fell 18.4% to Rs5,695 ...