ITC's BAT-linked business grows 10% to Rs 1,587 crore in FY26, but dividend payout slips 9%
ITC's FY26 annual report shows transactions with its largest shareholder BAT rose 10% to Rs 1,587 crore, even as dividend payout to BAT fell 9% to Rs 3,896 crore. Net profit was nearly flat at Rs 20,286 crore while gross revenue climbed 10% to Rs 80,867 crore. BAT holds a 22.9% stake.
ITC's FY26 annual report shows business with largest shareholder BAT grew 10% to Rs 1,587 crore, while dividend payout to BAT fell 9%. ITC net profit rose under 1%; gross revenue up 10% to Rs 80,867 crore.
Why this matters
Follows ITC's Rs 3,896 crore dividend payout to BAT-linked holders despite a trimmed stake, signaling shifting economics with its largest shareholder even as digital-first brands hit Rs 1,350 crore ARR.
Retail-company signals steady at 3,990 over the trailing 90 days.