ITC profit falls as cigarette tax hike weighs

ITC Ltd is a big company in India that makes things like flour and chips.

In the first part of 2026, it made less money than it did a year before.

This happened because the government raised taxes on cigarettes, which made the company’s cigarette brands more expensive and people bought fewer of them.

Even though the company spent more money on running its business, its total sales went up a little.

The higher taxes and the cost of doing business in a world where wars are happening made it harder for ITC to keep its profits high.