What happened
ITC’s consolidated net profit fell 18.5% year on year to ₹4,229 crore in the second quarter of FY27 (July to September 2026), against ₹5,187 crore a year earlier. Several companies will be in focus on Tuesday, 3 November 2026 as investors track earnings and corporate announcements.
On Monday, Indian equity benchmarks extended their opening gains and the Nifty closed near the 23,500 resistance zone. Resistance is a level where an index has tended to stall. Vatsal Bhuva of LKP Securities said the index could move towards its 100-day moving average, around 23,700, with support at 23,150–23,100. Track the index in our Nifty 50 explainer.
Quarterly results
- ITC: a sharp fall in cigarette earnings dragged profit, even as FMCG, agriculture and paper businesses grew strongly. Consolidated net revenue rose 5% to ₹20,454 crore from ₹19,455 crore.
- Marico: consolidated net profit rose 31% to ₹550 crore. Revenue from operations grew 12% to ₹3,897 crore. EBITDA (earnings before interest, tax, depreciation and amortisation) rose 27% to ₹709 crore, and the margin widened 200 basis points to 18.2% from 16.2%.
- Container Corporation of India: net profit declined 6.8% to ₹353 crore from ₹379 crore, while revenue rose 1% to ₹2,379 crore.
- Petronet LNG: standalone net profit rose 9.1% from the previous quarter to ₹1,235.4 crore.
- PTC India: net profit fell 24.8% to ₹143.68 crore, and EBITDA dropped 48.1% to ₹142.8 crore.
- Granules India: consolidated net profit rose 39.2% to ₹182 crore on 20.3% higher revenue.
- Shree Pushkar Chemicals & Fertilisers: profit after tax rose 96.2% to ₹35.7 crore.
Other corporate updates
- Sun Pharma: after the stock exchanges asked about a 30 October news report on a production stoppage for an eye-care medicine at one of its plants, and about the movement in its share price, the company replied. It said the report concerned developments from August 2026 and that nothing new happened on 30 October. It added that it had assessed the matter at the time and did not consider it to require disclosure under Regulation 30 of the SEBI Listing Regulations.
- Yatra Online: disclosed a cybersecurity incident, saying it has had no material impact on core operations, financial performance or business continuity. A detailed assessment is under way.
- NALCO: approved an interim dividend of ₹4.50 per share for FY27, with a record date of 6 November 2026.
- Lloyds Engineering Works: plans to invest ₹100 crore in subsidiary Steel Infra Solutions Company through up to 3,33,33,334 shares at ₹30 each, in two tranches of ₹50 crore.
- IDBI Bank: employees and officers began a two-day strike on 2 November to oppose the proposed sale of a controlling stake to Canada’s Fairfax Financial Holdings.
- Walchandnagar Industries: appointed Chandra Bhan Yadav as interim CFO from 2 November 2026.
What it means for you
If you hold these shares directly or through mutual funds, the results show how differently sectors are faring. Marico’s margin gain and ITC’s profit decline came in the same quarter. Check company filings for the full detail.
For the NALCO dividend, only shareholders on the company’s books on the record date, 6 November, are eligible.
Background
Companies listed in India report results every quarter. Among those announcing September-quarter numbers on 3 November are State Bank of India, National Stock Exchange of India, Bajaj Finserv, Lupin, Multi Commodity Exchange of India, Pfizer and Zydus Wellness. Regulation 30 of the SEBI Listing Regulations governs when companies must disclose material events to exchanges.
