VERIFIEDET Markets·22 May 2026negative

Cigarette business weakness drags ITC margins in March quarter

AI Summary

·ITC's cigarette business profits declined in the March quarter due to increased taxes.
·Improvements in other segments like FMCG did not fully offset the cigarette business's weakness.
·The company is implementing price and product adjustments to maintain market share amidst concerns of rising illegal cigarette sales.