Daily Market Updates: ITC shares to be in focus on Tuesday as Q2 net profit drops 18.5% on higher cigarette taxes

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ITC shares to be in focus on Tuesday as Q2 net profit drops 18.5% on higher cigarette taxes

Reported · Written up by our desk · North America

ITC’s September-quarter net profit fell 18.45% to ₹4,229 crore as higher input costs and cigarette taxes pressured earnings, despite revenue rising 43.85%. Cigarette operating profit dropped over 27%, while FMCG, paperboards and packaging, agriculture, and food-tech reported growth.

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LiveMint MarketsITC shares to be in focus on Tuesday as Q2 net profit drops 18.5% on higher cigarette taxes

Global Markets

ITC shares to be in focus on Tuesday as Q2 net profit drops 18.5% on higher cigarette taxes

More like this

Sources

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