FMCG major ITC Ltd., for the first quarter ended June 30, 2026, reported a 27% YoY fall in standalone net profit to ₹3,579 crore on higher taxes on cigarettes and increased operational expenses during the quarter.

ITC is expected to report a weak Q1FY27 as the first full-quarter impact of the new cigarette tax regime weighs on volumes and profitability. While the FMCG business is likely to…

ITC's net profit declined twenty-seven percent year-on-year for the first quarter. Revenue from operations, however, saw a significant twenty-eight percent increase during the…