ITC Declares ₹6.50 Interim Dividend Despite Profit Dip; Stock Falls
Share Market
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CNBC Awaaz•29-01-2026, 19:48
ITC Declares ₹6.50 Interim Dividend Despite Profit Dip; Stock Falls
- •ITC Limited announced an interim dividend of ₹6.50 per share for its shareholders.
- •The record date for this interim dividend has been set for Wednesday, February 4, 2026.
- •The company's consolidated net profit for the December quarter (Q3 FY26) fell by 6.1% year-on-year to ₹5,088 crore, missing analyst estimates.
- •Despite the profit decline, ITC's revenue from operations grew by 5.7% to ₹18,017 crore, and EBITDA increased by 7.6% to ₹6,271 crore, exceeding expectations.
- •ITC's share price closed down 0.73% at ₹318.80 and has seen significant declines over the past year.
Why It Matters: ITC declared an interim dividend of ₹6.50 despite a Q3 profit drop, while revenue and EBITDA grew.
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