Cigarette business weakness drags ITC margins in March quarter
ET Intelligence Group: ITC's cigarette business reported margin pressure in the March quarter due to the recent increase in taxes. While other segments such as FMCG and paperboards showed improved profitability, their smaller size meant they could not fully offset the decline in cigarette margins. To manage the impact of higher tax, the company is implementing tactics around pricing and…
Key Insights
- This topic is currently trending
- Experts are closely monitoring developments
- It may impact future decisions
