ITC net profit falls 18.6% to Rs 5,126 crore as cigarette volumes decline

ITC’s consolidated net profit fell 18.6% in the September quarter as cigarette volumes dropped.
Revenue from operations rose 44% to Rs 30,578 crore, while EBITDA fell 17.4% year-on-year.
Non-cigarette revenue grew 19%, a fourth straight quarter of double-digit growth.
ITC blamed a steep tax rise for the volume fall and flagged more smuggled-cigarette seizures.

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