ITC Limited reported a significant 72.4% decline in its net profit for the fourth quarter of fiscal year 2026, amounting to ₹5,469.74 crore. This decrease is attributed mainly to a high base effect from the previous year. In response to the earnings announcement, ITC's shares declined by 1.5% in the Indian stock market. Despite the profit drop, the company recommended a final dividend of ₹8 per share for FY26, reflecting its ongoing commitment to shareholder returns. The results highlight the challenges ITC faced in the quarter amid market conditions and set the tone for investor sentiment. ITC's shares fell 1.5% after a reported 72.4% decline in Q4FY26 net profit to ₹5,469.74 crore, mainly due to a high base effect.