Cigarettes & Tobacco: Q1 FY27 results (April-June 2026)

3 companies have declared Cigarettes & Tobacco Q1 FY27 results so far, the latest on 31 Jul 2026.

Across the 3 non-financial companies with a year-ago quarter to compare, sales grew -11.6% and net profit -17.5% year on year, and the combined operating margin narrowed 476 bps to 26.3%.

0% of companies grew net profit; 0% beat their own profit trend and 100% fell short of it.

Updated 12 Oct 2026, 12:20 IST 3 declared 111 due in the next 3 days →

Cigarettes & Tobacco Q1 FY27 scoreboard

Sales growth
-11.6%
YoY, 3 companies combined; median -13.9%
Net profit growth
-17.5%
YoY combined; median -24.2%
Operating margin
26.3%
-476 bps YoY
Grew profit
0%
0 turnarounds, 0 into loss
Vs own profit trend
0% / 100%
above / below, 0% in line
Price since results
-12.2%
median; 0% of 3 stocks up
Other-income heavy
2
25%+ of pre-tax profit from other income & one-offs

Latest Cigarettes & Tobacco Q1 FY27 results 3

ITC Limited

ITC · Cigarettes & Tobacco · Q1 FY27 · Consolidated · Filed
M Cap
₹3,33,292 Cr
P/E
16.5
PEG
5.50
Since results
-7.8%
  • Profit -17% below its own trend
  • Operating margin contracted 461 bps YoY
  • Exceptional items of ₹406 Cr in the quarter
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -11.1%+7.2% 19,11417,82521,495
Operating profit -24.0%-25.2% 5,1816,9246,816
OPM % -461 bps-1174 bps 27.1%38.8%31.7%
Other income -1.2%+5.9% 742700751
Net profit -15.6%-17.6% 4,5095,4705,343
PAT margin % -127 bps-710 bps 23.6%30.7%24.9%
EPS (₹) -16.2%-18.4% 3.514.304.19

Quality of profit

Core 80%Other income & one-offs 20%

Pre-tax profit ₹5,861 Cr: core business ₹4,713 Cr, other income ₹742 Cr, exceptional & other items ₹406 Cr.

Core profit YoY: -26.1% · reported profit -15.6%

Cash & debt

FY26 cash from operations ₹18,464 Cr: 88% of FY26 net profit of ₹21,018 Cr.

Borrowings ₹2,399 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹20,301₹19,114 -5.8% below
Net profit₹5,416₹4,509 -16.8% below
AI read of the filing ₹3,579 Cr Net Profit: ITC Q1 FY27 PAT Drops 27% YoY Amid Sharp Excise Duty Hike Negative
  • Net Profit for Q1 FY27 stood at ₹3,578.82 Cr, a significant drop from ₹4,910.73 Cr in Q1 FY26.
  • Excise duty expenses surged by 666% YoY to ₹10,035.63 Cr due to the expiry of GST Compensation Cess and subsequent tax hikes.
  • Cigarette segment PBIT fell to ₹3,341.23 Cr from ₹5,145.28 Cr in the previous year's quarter.
Full analysis →

VST Industries Limited

VSTIND · Cigarettes & Tobacco · Q1 FY27 · Standalone · Filed
M Cap
₹3,418 Cr
P/E
11.7
PEG
2.92
Since results
-12.2%
  • Profit -33% below its own trend
  • Operating margin contracted 647 bps YoY
  • 34% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -13.9%-43.9% 256457298
Operating profit -35.5%-76.1% 49.720877.0
OPM % -647 bps-2615 bps 19.4%45.5%25.8%
Other income +79.8%+119.8% 19.89.011.0
Net profit -24.2%-63.7% 42.411756.0
PAT margin % -225 bps-906 bps 16.5%25.6%18.8%
EPS (₹) -24.2%-63.6% 2.506.873.30

Quality of profit

Core 66%Other income & one-offs 34%

Pre-tax profit ₹58.3 Cr: core business ₹38.5 Cr, other income ₹19.8 Cr.

Core profit YoY: -40.8% · reported profit -24.2%

Cash & debt

FY26 cash from operations ₹218 Cr: 75% of FY26 net profit of ₹292 Cr.

Borrowings nil at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹291₹256 -11.7% below
Net profit₹63.5₹42.4 -33.1% below
AI read of the filing VST Industries Q1 PAT Drops 24.4% YoY to ₹42.42 Cr Amid Tax Structure Changes Negative
  • Net Profit (PAT) decreased by 24.4% YoY to ₹42.42 Cr from ₹56.13 Cr.
  • Excise Duty surged to ₹605.25 Cr, representing 70.3% of Gross Sales, compared to just 2.8% in the year-ago quarter.
  • Earnings Per Share (EPS) declined to ₹2.50 from ₹3.30 in June 2025 and ₹6.87 in March 2026.
Full analysis →

Godfrey Phillips India Limited

GODFRYPHLP · Cigarettes & Tobacco · Q1 FY27 · Consolidated · Filed
M Cap
₹28,283 Cr
P/E
20.7
PEG
0.56
Since results
-18.9%
  • Profit -60% below its own trend
  • Operating margin contracted 769 bps YoY
  • 42% of pre-tax profit came from other income and one-off items
  • FY26 operating cash flow was only 34% of profit
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -18.9%-32.5% 1,2061,7871,486
Operating profit -46.3%-67.2% 181553338
OPM % -769 bps-1589 bps 15.1%30.9%22.7%
Other income -44.5%-48.5% 78.3152141
Net profit -44.3%-61.9% 198521356
PAT margin % -752 bps-1270 bps 16.5%29.2%24.0%
EPS (₹) -81.4%-62.0% 12.7233.4368.53

Quality of profit

Core 58%Other income & one-offs 42%

Pre-tax profit ₹251 Cr: core business ₹145 Cr, other income ₹78.3 Cr, exceptional & other items ₹28.3 Cr.

Core profit YoY: -52.9% · reported profit -44.3%

Cash & debt

FY26 cash from operations ₹518 Cr: 34% of FY26 net profit of ₹1,526 Cr.

Borrowings ₹234 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,451₹1,206 -16.9% below
Net profit₹497₹198 -60.0% below
AI read of the filing Q1 PAT Falls 44% to Rs 198 Cr; Rs 33 Dividend Record Date Set for Aug 11 Negative
  • Consolidated Net Profit declined 44.3% YoY to Rs 198.39 Cr in Q1 FY27.
  • Gross Revenue from operations more than doubled to Rs 3,819.56 Cr, though net of excise duty, margins contracted significantly.
  • Excise duty expenses surged by 699% YoY to Rs 2,614.05 Cr compared to Rs 327.06 Cr in Q1 FY26.
Full analysis →

Reporting in the next three days

HCL Technologies (Mon 12 Oct), ICICI Prudential (Mon 12 Oct), RBL Bank (Mon 12 Oct), Swan Defence (Mon 12 Oct), Gujarat State (Mon 12 Oct), Swaraj Engines (Mon 12 Oct), Plastiblends India (Mon 12 Oct), UMIYA BUILDCON (Mon 12 Oct), Alkali Metals (Mon 12 Oct), Gradiente Infotainment (Mon 12 Oct), Agri-Tech (India) (Mon 12 Oct), Abhishek Integrations (Mon 12 Oct), Rudra Ecovation (Mon 12 Oct), Newtrac Foods (Mon 12 Oct), Inani Securities (Mon 12 Oct), Neil Industries (Mon 12 Oct), Adroit Industries (Mon 12 Oct), TYPHOON (Mon 12 Oct), UNIVARTS (Mon 12 Oct), VERONICAPRO (Mon 12 Oct), ICICI Prudential (Tue 13 Oct), Tata Elxsi (Tue 13 Oct), Transformers And Rectifiers (Tue 13 Oct), Anand Rathi (Tue 13 Oct) and 87 more. Full results calendar →

How to read this page

The numbers. Each card is one company's Q1 FY27 results as filed with NSE or BSE, read from the filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months). A swing between profit and loss is described in words: a percentage across it would mislead.

Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income, as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points (100 bps = 1 percentage point).

Quality of profit. Core profit is operating profit minus interest and depreciation: what the business itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more, and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net profit, since a fall in provisions can lift profit without the business growing.

Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead each company is measured against the path it was on: the same quarter last year, grown at the median of its last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales 5% or more above that, or net profit 10% or more above, is "above trend"; as far below is "below trend". It answers "was this quarter better or worse than the company's own recent run?", which consensus does not.

Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show its operating cash flow for the last financial year as a share of that year's net profit (flagged under 50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet against the one six months earlier (flagged at a 25% move). Balance sheets come with the September and March results, cash-flow statements with the March results.

Price since results. The latest close against the last close before the filing (a filing after 3:30 pm counts from the next session). It is a fact about the market's reaction, not advice.

Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150 (SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI