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ITC Q1 earnings hit by cigarette tax burden; FMCG, paper businesses offer support

ITC's June 2026 earnings fell due to higher cigarette taxes and disruptions. Resilient growth in the consumer segment cushioned the overall impact. Categories like dairy and snacks showed strong year-on-year gains. The paperboards and packaging business also saw a significant recovery. Analysts have reduced earnings estimates for upcoming fiscal years.

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economictimes.indiatimes.com

thehindubusinessline.com

thehindu.com

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economictimes.indiatimes.com4 g fa

ITC shares gain 3% after Q1 results. Here’s why Nomura upgraded the stock to Buy

ITC's Q1 profit fell 27% YoY to Rs 3,579 cr despite 28% revenue growth; Nomura upgraded to Buy with Rs 340 target (+21%). Cigarette volumes fell only 5% (vs 10%+ expected), signaling stabilization as price hikes restore margins by year-end.

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Timeline cronologica

sabato 1 agosto 2026·economictimes.indiatimes.com
ITC Q1 profit plunges 27% due to record cigarette taxes and West Asia crisis
ITC's first quarter net profit declined twenty-seven percent year-on-year. Record taxation on cigarettes significantly impacted the company's core business operations. The West…
domenica 2 agosto 2026·thehindubusinessline.com
Higher tobacco taxes weigh on cigarette makers’ Q1 performance
ITC, Godfrey Phillips India, and VST Industries reported declines in net revenue, volumes and profitability

ITC Q1 earnings hit by cigarette tax burden; FMCG, paper businesses offer support

Confronto fonti

ITC shares gain 3% after Q1 results. Here’s why Nomura upgraded the stock to Buy

Timeline cronologica

ITC Q1 profit plunges 27% due to record cigarette taxes and West Asia crisis

Higher tobacco taxes weigh on cigarette makers’ Q1 performance

ITC shares bounce back as analysts back volume resilience despite cigarette earnings hit

Why India's top cigarette makers are seeing revenue, profit decline

Higher tobacco taxes burn cigarette makers' net revenue, volumes, profit in Q1

Indian cigarette makers ITC, Godfrey Phillips, VST Industries see revenue and profit decline after tax hike

Higher tobacco taxes burn cigarette makers' net revenue, volumes, profit in Q1

Why India's top cigarette makers are seeing revenue, profit decline

ITC shares gain 3% after Q1 results. Here’s why Nomura upgraded the stock to Buy

ITC shares climb 4% as resilient cigarette volumes ease tax-hike concerns

ITC shares bounce back as analysts back volume resilience despite cigarette earnings hit

Rub-off effect? Godfrey Phillips shares jump 6% after rival cigarette maker ITC's Q1 earnings

ITC Q1 earnings hit by cigarette tax burden; FMCG, paper businesses offer support