# ITC Q2 Results Preview: Profit seen falling nearly 30% YoY as cigarette tax hikes bite

- Source: Economic Times
- Published: 2026-11-01T05:57:43+00:00
- Category: Business
- Original: https://economictimes.indiatimes.com/markets/stocks/earnings/itc-q2-results-preview-profit-seen-falling-nearly-30-yoy-as-cigarette-tax-hikes-bite/articleshow/135419165.cms
- Canonical: https://groundlevelnews.com/story/itc-q2-results-preview-profit-seen-falling-nearly-30-yoy-as-cigarette--241a76/

ITC is expected to report a weak Q2, with brokerages forecasting an 8% decline in cigarette volumes and a drop of up to 29% in cigarette operating profit following tax hikes. Nuvama expects consolidated revenue to fall 3% YoY and EBITDA to decline 20%. Growth in FMCG and paper businesses could provide some cushion against the pressure.

_Ground Level News shows a short summary only; the full article and all rights belong to Economic Times._