ITC Q2 Profit Expected to Fall Nearly 30% Due to Cigarette Tax Hikes
ITC Limited's Q2 financial results are expected to show a nearly 30% year-on-year decline in profit, primarily due to increased cigarette taxes. While the company may see around a 7% rise in revenue, analysts predict that EBITDA, EBIT, and PAT will fall. The cigarette business is expected to significantly drag down the profit after tax by up to 28%.
The Economic Times·



