ITC Q2 Review: Analysts See Cigarette Earnings Recovery By March, But Flag Risks

Published 03 Nov 2026, 08:49 IST

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ITC is still in the transitory phase, with the full tax hike yet to be passed on to consumers, thus, the brokerage believe Cigarette's revenue and EBIT performance will be volatile in the near term.

— NDTV

RSS excerpt

The top concern across brokerages is the pressure on ITC's cigarette business following the unprecedented increase in taxes. Cigarette volumes declined 7-8% YoY in Q2.

Coverage arrived over 11 hours — first from The Economic Times, latest from NDTV.

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NDTV Center-Right Adani Group (AMG Media) Current article 03 Nov 2026, 08:49 IST

ITC Q2 Review: Analysts See Cigarette Earnings Recovery By March, But Flag Risks

The top concern across brokerages is the pressure on ITC's cigarette business following the unprecedented increase in taxes. Cigarette volumes declined 7-8% YoY in Q2.

Read full article at NDTV ↗

The Economic Times Center-Right Bennett, Coleman & Co. 02 Nov 2026, 21:09 IST

ITC flags illicit trade pressure on cigarettes; digital-first businesses grow over 70%

ITC Ltd has reported a significant increase in its digital-first and organic FMCG portfolio, achieving over 70% year-on-year growth. However, the company is facing considerable pressures due to rising illicit cigarette trade and increased taxation impacting legal volumes. The fresh food segment has…

Compare on Varta → Read at The Economic Times ↗