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CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

ITC Q2 net profit falls 20 pc as high taxes keep margins in check

ITC reported a 20% decline in standalone net profit for the September quarter despite a 45% increase in revenue. The rise in cigarette taxation significantly impacted profitability, forcing ITC to absorb part of the price hikes. Non-cigarette businesses showed strong growth, achieving the highest revenue growth in 14 quarters. Factors such as inflation and geopolitical tensions continue to affect the operating environment.

from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/itc-q2-net-profit-falls-20-as-high-taxes-keep-margins-in-check/135478870
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