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ITC Q2 net profit falls 20 pc as high taxes keep margins in check

Economic Times Retail RSS·3 Nov 2026
ITC Q2 net profit falls 20 pc as high taxes keep margins in check

ITC reported a 20% decline in standalone net profit for the September quarter despite a 45% increase in revenue. The rise in cigarette taxation significantly impacted profitability, forcing ITC to…

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