ITC Q1 profit falls 15.6% as FMCG-Others revenue rises 12%
ITC’s Q1 FY27 revenue rose 27.6% to ₹29,523.30 crore, but reported net profit fell 15.6% to ₹4,508.79 crore amid cigarette tax pressure and weaker agri-business performance. FMCG-Others revenue grew 12%, while results included a ₹405.88 crore Sproutlife stake-revaluation gain.
ITC reported weaker Q1 FY27 profitability despite 27.6% revenue growth, as higher cigarette taxes and a weaker agri business weighed on results. FMCG-Others revenue rose 12%, while its shares gained up to 3.81%.
Why this matters
ITC's results follow signals that cigarette volumes held after a tax hike, then cigarette sales slumped 22% as tax-led pricing hit volumes. FMCG growth remains a counterweight to pressure in cigarettes and agri-business.
Retail-company signals are accelerating, up 225150% QoQ.