ITC Q1 profit falls 27% as cigarette tax burden hits margins
ITC reported standalone Q1 net profit of ₹3,578.82 crore, down 27% year on year, as record cigarette taxes squeezed its core business. FMCG revenue rose 12% and PBIT grew 21%, while West Asia disruptions weighed on agri exports.
ITC’s Q1 profit fell 27% as higher cigarette taxes hurt margins and West Asia disruptions hit agri exports. FMCG revenue and profit grew 12% and 21%, respectively, helping offset pressure in its core cigarette business.
Why this matters
The result extends ITC's recent pattern: a Q1 FY27 update reported revenue up 28% to ₹26,943 crore while profit fell 27%, following signals of profit declines tied to cigarette taxes and agri weakness.
retail-company is accelerating, up +218933% QoQ.