The Economic Times

ITC's business with BAT grows 10% to Rs 1,587 crore in FY26, but dividend payout falls 9%

ITC's business with major shareholder British American Tobacco (BAT) saw a 10% expansion in sales to Rs 1,587 crore in FY26, though dividend payouts to BAT decreased. Despite a complex history, BAT views its stake as strategic, citing India's market potential. These related-party transactions suggest strengthening ties between the two entities.