ITC profit falls 18% as cigarette sales remain under pressure

ITC reported an 18.6% decline in consolidated net profit to ₹5,126 crore in Q2FY27, compared with ₹4,394 crore a year earlier. However, revenue from operations rose 44% to ₹30,578 crore from ₹21,256 crore in the year-ago quarter. This comes as cigarette sales volumes remained under pressure due to an “unprecedented increase in tax”, the company said.