ITC shares to be in focus on Tuesday as Q2 net profit drops 18.5% on higher cigarette taxes
60-Word AI Digest
ITC’s September-quarter net profit fell 18.45% to ₹4,229 crore as higher input costs and cigarette taxes pressured earnings, despite revenue rising 43.85%. Cigarette operating profit dropped over 27%, while FMCG, paperboards and packaging, agriculture, and food-tech reported growth.
Key Takeaways
- ITC’s September-quarter net profit fell 18.45% to ₹4,229 crore as higher input costs and cigarette taxes pressured earnings, despite revenue rising 43.85%.
- Cigarette operating profit dropped over 27%, while FMCG, paperboards and packaging, agriculture, and food-tech reported growth.
- Full details and original dispatch available below.
ITC’s September-quarter net profit fell 18.45% to ₹4,229 crore as higher input costs and cigarette taxes pressured earnings, despite revenue rising 43.85%. Cigarette operating profit dropped over 27%, while FMCG, paperboards and packaging, agriculture, and food-tech reported growth.
Original Publisher Attribution
This summary was curated from Livemint.