ITC profit slips as cigarette tax hike, agri slowdown weigh on Q1
· livemint.com
Revenue rose on strong FMCG growth, but higher cigarette taxes, weaker agri exports and rising input costs squeezed earnings as ITC warned of imported inflation and a weak monsoon.
ITC Ltd's June-quarter (Q1FY27) profit fell as a steep tax increase on cigarettes and a slump in its agri business outweighed robust revenue growth, highlightin...