ITC reports 20% profit fall as cigarette demand wanes

ITC reports 20% drop in quarterly profit as higher prices curb cigarette demand

Reuters • 02 Nov 14:03

India's leading tobacco company ITC posted a 20% fall in profit for the quarter ended September 30, citing rising raw material costs and higher cigarette prices that weakened demand.

ITC reports profit decline as cigarette sales fall, FMCG revenue hits 14-quarter high

Moneycontrol.com • 02 Nov 13:54

ITC posted a net profit of Rs 5,126 crore for Q2 FY27, while revenue rose 44% to Rs 30,578 crore, with cigarette volumes pressured by higher taxes and fast-moving consumer goods sales reaching a 14-quarter peak.

ITC reports 18.6% profit decline as cigarette volumes fall, FMCG revenue hits 14-quarter high

Moneycontrol.com • 02 Nov 13:54

ITC Ltd's net profit dropped 18.6% in Q2 FY27 due to lower cigarette sales, while its non-cigarette businesses posted a 19% revenue increase, the strongest in 14 quarters.

ITC reports 18.5% drop in Q2 profit as cigarette earnings fall, FMCG and paper segments grow

The Economic Times • 02 Nov 13:53

ITC Ltd's consolidated net profit fell 18.5% to Rs 4,229 crore in FY27 Q2, driven by a 27.2% decline in cigarette segment profit, while revenue rose 5% and non-cigarette businesses posted strong growth.

ITC Anticipates Significant Decline in Q2 Earnings Amid Tax Hikes

The Economic Times • 01 Nov 05:57

ITC is projected to face a challenging second quarter, with analysts forecasting an 8% drop in cigarette volumes and a potential 29% decrease in operating profit due to new tax regulations.