ITC Ltd reported an 18.5% decline in consolidated net profit for the September quarter of FY27 as a sharp fall in earnings from its cigarette business weighed on overall profitability despite strong growth in its FMCG, agriculture and paper businesses.The company's consolidated net profit fell to Rs 4,229 crore in the second quarter of FY27 from Rs 5,187 crore in the same period last year. Net revenue rose 5% to Rs 20,454 crore from Rs 19,455 crore a year earlier.Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) declined 15.7% to Rs 5,645 crore from Rs 6,695
ITC shares rise 2% after Q2 results. What are Jefferies, Nuvama and others saying?
Shares of FMCG major ITC gained 2% to Rs 271 on the NSE on Tuesday, despite reporting an 18.5% decline in consolidated net profit for the September quarter, as a sharp fall in earnings from its cigarette business weighed on overall profitability despite strong growth in its FMCG, agriculture and paper businesses.The company's consolidated net profit fell to Rs 4,229 crore in the second quarter of FY27 from Rs 5,187 crore in the same period last year. Net revenue rose 5% to Rs 20,454 crore from Rs 19,455 crore a year earlier.The cigarette business remained the biggest drag on earnings during th
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