ITC Ltd reports mixed results for its September-quarter (Q2) performance, with profit declining while revenue increases. Multiple outlets cite net profit of about ₹4,137 crore as the headline figure, alongside stronger operating performance led by non-cigarette segments.
Business Line and Times of India both foreground the resilience of ITC’s non-cigarette portfolio, pointing to growth in areas such as FMCG, paper and agriculture. NDTV likewise reports a net profit drop of about 20% year-on-year to ₹4,137 crore, while noting ITC edges past a quoted Bloomberg consensus estimate. Economic Times frames the quarter more broadly, focusing on a sharper overall profit decline and attributing the weakness to lower earnings from the cigarette business despite gains across FMCG, agriculture and paper.
Across coverage, the main context is the shift in profitability drivers: cigarette earnings weigh on margins, while growth in non-cigarette businesses lifts revenue and supports segments like FMCG, paper and agri. However, outlet summaries differ on the exact magnitude of the profit decline and the precise profit number reported.
