The Hindu·3 min read·medium
High taxes on cigarettes hits ITC Q1, net slips 27% to ₹3,579 crore
T
The Hindu Bureau
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ITC Ltd. reported a 27% decline in standalone net profit for Q1 FY27, largely attributed to increased excise duties on cigarettes and rising operational costs. Despite the profit dip, the company saw a 28% growth in revenue and warned of potential economic headwinds from geopolitical conflicts and climate-related monsoon disruptions.
FMCG major ITC Ltd., for the first quarter ended June 30, 2026, reported a 27% YoY fall in standalone net profit to ₹3,579 crore on higher taxes on cigarettes and increased operational expenses during the quarter.
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