ITC Q2 Net Profit Falls 18.5% Due to Higher Cigarette Taxes
ITC's net profit for the September quarter fell 18.45% to ₹4,229 crore, impacted by higher input costs and increased cigarette taxes. Despite a 43.85% rise in revenue, cigarette operating profit dropped over 27%. However, segments like FMCG, paperboards and packaging, agriculture, and food-tech showed growth during the quarter.
Mint Markets·



