ITC Q2 Profit Falls 17% Due to Higher Cigarette Taxes
ITC Ltd reported a 17% decline in consolidated profit after tax to ₹4,249 crore for the September quarter, despite a 44% rise in revenue to ₹30,578 crore. The drop was mainly due to higher cigarette taxes impacting volumes and margins, although packaged foods like biscuits and snacks saw strong growth. EBITDA fell 15.7% to ₹5,645 crore, with margins down 665 basis points year-on-year.
Mint Companies··Mumbai



