ITC profit falls due to cigarette volumes, FMCG biz growth at 14-qtr high
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓ITC reported a net profit of Rs 5,126 crore in Q2FY27 as revenue rose 44 percent to Rs 30,578 crore.
- ✓Cigarette volumes fell due to an “unprecedented increase in tax,” the company said.
- ✓Despite this pressure, the FMCG business showed strong growth, hitting a 14-quarter high during this recent period.
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- Category
- BUSINESS
- Reported By
- Moneycontrol.com
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Cigarette volumes remained under pressure during the quarter, due to an “unprecedented increase in tax,” the company stated in a release.
Representative image
ITC reported net profit of Rs 5,126 crore in Q2FY27.
Revenue from operations rose 44 percent to Rs 30,578 crore.
Cigarette volumes remained under pressure due to tax hikes.
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