BusinessITC Market Cap Falls Below ₹3.4 Lakh Crore After 34% Drop in 2026
ITC's shares fell sharply in 2026, dropping 34% amid concerns over rising commodity prices and input costs impacting margins. The government increased excise duty on cigarettes, and ITC raised cigarette prices, raising fears of volume decline. Key input costs like sugar and palm oil surged, pushing the stock to a three-year low in August. Market cap dropped by ₹1.72 lakh crore to ₹3.32 lakh crore.
Mint Markets·5h ago




