How to get field collection value in tpl file in drupal 7?
Use entity_load('field_collection_item', array($item_id)) or field_collection_field_get_entity($item)

Sample

$node = node_load($id);
$items = field_get_items('node', $node, 'field_fc');
foreach ($items as $item) {
$fc_value = field_collection_field_get_entity($item);
// Do something.
}


For reference link 1, link 2