Business2 hours ago
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ITC Q1 Profit Decline: Cigarette Tax Hike & Agri Slowdown Impact
ITC's Q1 profit declines due to higher cigarette taxes and agricultural slowdowns. Despite strong FMCG growth, rising input costs and imported inflation loom large. The company warns of challenges ahead, including a weak monsoon affecting future performance.
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"Looks like ITC is facing a tough season, but they’re not out yet!"
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