ITC Q1 profit plunges 27% due to record cigarette taxes and West Asia crisis
2 sources·Updated August 1, 2026
Covered by 2 sources
- Economic Times·7h agoITC Q1 profit plunges 27% due to record cigarette taxes and West Asia crisis
ITC's first quarter net profit declined twenty-seven percent year-on-year. Record taxation on cigarettes significantly impacted the company's core business operations. The West Asia crisis also negatively affected agri-business exports during the period. However, the FMCG…
Read at Economic Times → - The Print Economy·20h agoITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
Kolkata, Jul 31 (PTI) Diversified conglomerate ITC Ltd on Friday reported a 15.6 per cent decline in its consolidated profit for the June 2026 quarter to Rs 4,508.79 crore, as higher expenses and the impact of a sharp increase in excise duty on cigarettes weighed on…
Read at The Print Economy →
