📰 ET Markets 🔴 BEARISH 🕒 01 Nov 2026, 11:27 AM IST

ITC Q2 Results Preview: Profit seen falling nearly 30% YoY as cigarette tax hikes bite

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Core Development: ITC Q2 Results Preview: Profit seen falling nearly 30% YoY as cigarette tax hikes bite

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Market & Financial Impact: ITC is expected to report a weak Q2, with brokerages forecasting an 8% decline in cigarette volumes and a drop of up to 29% in cigarette operating profit following tax hikes. Nuvama expects consolidated revenue to fall 3% YoY and EBITDA to decline 20%. Growth in FMCG and paper businesses could provide some cushion against the pressure.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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ITC Q2 Results Preview: Profit seen falling nearly 30% YoY as cigarette tax hikes bite

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