BAT-linked entities draw Rs 3,896 crore ITC dividend in FY26, down 8.1% on stake trim
Three British American Tobacco-linked entities received Rs 3,895.74 crore in ITC dividends in FY26, an 8.1% YoY decline as BAT pared its holding to 22.91%. ITC also acquired three BAT India trademarks for Rs 403.61 crore.
ITC paid Rs 3,896 crore in FY26 dividends to BAT-linked entities, down 8.1% as BAT trimmed its stake. ITC also acquired three BAT brand trademarks for India worth Rs 403.61 crore.
Why this matters
The dividend trim and trademark buyout follow ITC's 'ITC Next' strategy, where non-cigarette arms now drive two-thirds of revenue, reshaping the BAT relationship as ITC asserts brand ownership.
Retail-company signals held steady with 3,967 signals over the past 90 days.