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ITC Q3 profit declines as margin pressure weighs on earnings
ITC posted a Q3 profit decline amid margin pressure but announced an interim dividend, with investors watching demand recovery and cost trends.
ITC reported a 9.7% year on- year decline in Q3 net profit to ₹5,089 crore, impacted by margin pressure in FMCG and cigarette segments. Higher input costs and weak volume growth weighed on profitability despite stable revenues. The company announced an interim dividend of ₹6.5 per share. Investors remained cautious, tracking demand recovery, cost trends, and outlook for core businesses in coming quarters closely.