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Business & Finance
ITC Q2 net profit falls 20% as high taxes keep margins in check
TL;DR
- ITC reported a 20% decline in standalone net profit for the September quarter despite a 45% increase in revenue. The rise in cigarette taxation significantly impacted profitability, forcing ITC to absorb part of the price hikes.
Short summary
Our full write-up is on its way. For the complete story, read the original report:
Nov 2, 2026 · Updated 11/3/2026, 2:18:21 AM · Reported with: The Economic Times Markets
Sources (1)
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