ITC set to announce Q2 financial results amid cigarette volume pressures

FMCG major ITC will announce its standalone and consolidated financial results for the second quarter of financial year 2026-27 on Monday.

Higher taxation and new cigarette tax regimes have prompted cumulative price hikes of 32 to 34 percent over the past six months.

Kotak Institutional Equities expects ITC's cigarette volumes to decline 9 percent year-on-year, contributing to expected drops in net sales and net profit.