ITC’s Q3 Profit Rises To Rs 5,018 Cr, Declares Interim Dividend
The company says that the changes in GST and excise duty rates announced recently, have led to an unprecedented increase in tax incidence on cigarettes
The company says that the changes in GST and excise duty rates announced recently, have led to an unprecedented increase in tax incidence on cigarettes
While the exact impact under new tax structure is still evolving, the higher levy is likely to force companies such as ITC and their peers to raise prices
India will levy a new excise duty on tobacco and a cess on pan masala from Feb 1, replacing the GST compensation cess.
ITC Q2 profit rises 4% to Rs 5,180 crore on higher cigarette and FMCG sales; revenue up 7% YoY as margins expand.
Reports note that regional snack brands in the country are attracting investor interest as they have been growing at a faster pace than the bigger players
The company’s revenue from operations has surged to Rs 23,129.35 crore in the first quarter of the current fiscal year from Rs 19,350.08 crore in Q1FY25
In its annual report, ITC states that sales to BAT rose to Rs 1445.27 crore in 2025 from Rs 1070.96 crore in 2024
Sanjiv Puri states that the state has been making rapid progress currently
The reports state that the deal is worth around USD 1.4 billion, and the company is eyeing to sell the stake in a block trade deal
The net profit rose to Rs 19,807.8 crore in the fourth quarter of the fiscal year 2025 (Q4FY25) from Rs 5,190.71 crore in Q4FY24