VERIFIEDET Markets·22 May 2026neutral

ITC Q4 results: After margin surprise, all eyes now on cigarette tax impact, says Gaurang Shah

AI Summary

·ITC Limited reported a steady March quarter with strong operating margins exceeding expectations.
·The company's diversified business model is helping to cushion the impact of tobacco tax pressures.
·Future quarters will reveal the full effect of cigarette tax hikes, with investors monitoring volume growth and rural trends.