ITC Q1 Profit Falls 16% as Cigarette, Agri Weigh
ITC reports 16.2% drop in Q1 consolidated net profit to Rs 4,394 crore despite 27.6% revenue growth, hit by cigarette and agri margins.
Mumbai, July 31 — FMCG major ITC Limited on Friday reported a 16.2 per cent year-on-year decline in consolidated net profit for the quarter ended June 30 (Q1 FY27), as weakness in its cigarette and agri businesses offset strong revenue growth and a robust showing from its non-cigarette FMCG portfolio.
The company posted a consolidated net profit of Rs 4,394.13 crore in the April-June quarter of FY27, compared with Rs 5,244.20 crore in the corresponding period of the previous financial year. On a sequential basis, profit declined 18.4 per cent from Rs 5,387.97 crore reported in the March quarter.
Revenue from operations rose 27.6 per cent year-on-year to Rs 29,523.30 crore from Rs 23,129.35 crore a year earlier. Sequentially, revenue increased 23.9 per cent from Rs 23,821.48 crore. Consolidated gross revenue also climbed 27.8 per cent year-on-year to Rs 29,410 crore.
