📰 ET Stocks 🔴 BEARISH 🕒 03 Nov 2026, 07:29 AM IST

ITC Q2 net profit falls 20% as high taxes keep margins in check

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Core Development: ITC Q2 net profit falls 20% as high taxes keep margins in check

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Market & Financial Impact: ITC reported a 20% decline in standalone net profit for the September quarter despite a 45% increase in revenue. The rise in cigarette taxation significantly impacted profitability, forcing ITC to absorb part of the price hikes. Non-cigarette businesses showed strong growth, achieving the highest revenue growth in 14 quarters. Factors such as inflation and geopolitical tensions continue to affect the operating environment.

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

ITC reported a 20% year-on-year (YoY) decline in standalone net profit to ₹4,137.1 crore.

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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 net profit falls 20% as high taxes keep margins in check

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