ITC Q1 profit falls 15.6% as cigarette tax hike and agri slowdown offset FMCG growth

ITC reported Q1FY27 consolidated revenue of ₹29,523.30 crore, up 27.6% year-on-year, while net profit fell to ₹4,508.79 crore. FMCG-Others revenue grew 12%, aided by digital-first food brands, but cigarette revenue dropped 25% and agri revenue declined 16.55%.

— Filed Fri, 31 Jul, 2026, 18:51 IST · Source Mint · Updated

ITC’s Q1FY27 profit fell as cigarette tax hikes and agri-export disruption offset FMCG growth. The company is staggering cigarette price increases, managing elevated input costs and expanding digital-first food brands, while warning of weak monsoon and imported-inflation risks.

Also reported by