ITC Q1 net profit falls 27% to ₹3,579 crore as revenue rises
ITC's Q1 profit and EBITDA missed expectations as margins compressed, with management citing West Asia conflict-driven crude volatility, supply-chain disruptions, and monsoon deficits. The update reinforces near-term sensitivity of Indian corporate earnings to imported inflation and energy-linked inputs, while highlighting weather risk to agricultural supply and demand. Attention may shift to oil and India's macro conditions as key transmission channels.
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ITC Ltd said net profit fell 27% year on year to ₹3,579 crore for the quarter ended June 30, 2026, while EBITDA dropped 27.9% and the operating margin narrowed to 26.7%. The company attributed the pressure to a sharp rise in crude oil prices driven by the West Asia conflict, trade and supply-chain disruptions, and uncertainty in agricultural output due to India’s monsoon deficit. It added that the situation has also been linked to moves in crude prices and the Indian rupee.