ITC Q2 Results: Profit falls 18% to Rs 4,229 crore

What happened: ITC reported an 18% fall in consolidated net profit for the second quarter of FY27, while net revenue rose 5%. The cigarette segment profit declined 27.2% on an unprecedented increase in cigarette taxes. Key numbers: Net profit Rs 4,229 crore versus Rs 5,187 crore a year earlier. Net revenue Rs 20,454 crore versus Rs 19,455 crore. Why it matters: The cigarette business remained the biggest drag on earnings, while the non-cigarette FMCG business posted its strongest revenue growth in 14 quarters and the paper segment showed a sharp recovery. Coverage: 3 outlets in 24h

ITC reported an 18% fall in consolidated net profit for the second quarter of FY27, while net revenue rose 5%. The cigarette segment profit declined 27.2% on an unprecedented increase in cigarette taxes.

The cigarette business remained the biggest drag on earnings, while the non-cigarette FMCG business posted its strongest revenue growth in 14 quarters and the paper segment showed a sharp recovery.