ITC Q2 Standalone Net Profit Falls 20% as Shares Trade Flat
ITC reported a 20% decline in standalone net profit for Q2 FY27; its shares were flat at Rs 266.5 in early Tuesday trade. Higher cigarette taxes and pressure on volumes weighed on profitability.
ITC share price: Shares of ITC Ltd were flat at Rs 266.5 in early trade on Tuesday, after the diversified conglomerate reported a 20 percent decline in Q2 FY27 standalone net profit, as higher cigarette taxes and pressure on volumes weighed on profitability. Brokerages CLSA and JPMorgan highlighted…