ITC Group earns ₹11,204 crore in foreign exchange in FY26; export earnings top $10 billion over decade
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ITC Group earned ₹11,204 crore in foreign exchange during FY2025-26, taking its cumulative foreign exchange earnings over the past decade to nearly $10.1 billion, according to the company's latest annual report.
The company said direct foreign exchange earned by ITC stood at ₹8,286 crore during the financial year, driven primarily by exports of agricultural commodities. Over the last 10 years, agri exports accounted for around 60% of the Group's cumulative foreign exchange earnings, reflecting the company's continued focus on linking Indian farmers with global markets.
"ITC continues to view foreign exchange earnings as a priority. All Businesses in ITC's portfolio are mandated to engage with overseas markets with a view to testing and demonstrating international competitiveness and seeking profitable opportunities for growth," the company said in its annual report.
The company said India's agricultural exports reached $52.6 billion in FY26, supported by both traditional and high-value product categories. However, it noted that India's share of global agricultural trade remains modest at around 3%, highlighting significant potential to improve productivity, value addition and market linkages.
ITC said its spices business strengthened its position as one of India's leading spice exporters while retaining its leadership in organic spice exports. Its coffee business also reinforced its position as one of the country's leading exporters by leveraging certified, sustainably sourced coffees and expanding its presence in key overseas markets, particularly Europe and the Middle East.
The company added that its value-added frozen marine products business delivered robust growth despite higher US tariffs by diversifying its export footprint. ITC also continued expanding its medicinal and aromatic plant extracts business through exports, backward integration and cultivation programmes, while ITC IndiVision strengthened exports of nicotine and nicotine derivative products manufactured at its Mysuru facility.
On the consumer goods front, ITC said its FMCG businesses expanded their export footprint to more than 70 countries, supported by its portfolio of packaged food brands.
"Supported by a strong portfolio of winning products and a well-established distribution network, Aashirvaad Atta exports further consolidated its leadership position across overseas markets," the company said. It added that the business continued to scale exports of biscuits, noodles, snacks, frozen breads and besan while leveraging brands such as Aashirvaad, Sunfeast, Sunfeast YiPPee!, Bingo! and Kitchens of India.
The company said it is also evaluating opportunities in proximal international markets as another avenue for future export growth.