ITC reports 20% profit fall as cigarette demand wanes

Top Indian cigarette maker ITC's profit drops 20% as higher prices dent demand

Reuters • 2 Նոյ 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 profit falls due to cigarette volumes, FMCG biz growth at 14-qtr high

Moneycontrol.com • 2 Նոյ 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 profit falls due to cigarette volumes, FMCG biz growth at 14-qtr high

Moneycontrol.com • 2 Նոյ 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 Q2 Results: Profit falls 18% to Rs 4,229 crore, revenue rises 5%

The Economic Times • 2 Նոյ 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 Q2 Results Preview: Profit seen falling nearly 30% YoY as cigarette tax hikes bite

The Economic Times • 1 Նոյ 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.