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

Published 02 Nov 2026, 21:09 IST

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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…

— The Economic Times

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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…

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

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

Read full article at The Economic Times ↗

NDTV Center-Right Adani Group (AMG Media) 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.

Compare on Varta → Read at NDTV ↗