ITC Ltd a 1.45% share-price fall to ₹279.35

ITC ITC reported Q2 FY27 consolidated net profit of ₹4,229.33 crore, down 18.45% year-on-year, despite consolidated revenue from operations rising 43.85% YoY to ₹30,578.40 crore, as higher expenses and raw-material inflation (linked to the Middle East war) weighed on margins; standalone revenue stood at ₹20,268.63 crore (up 3.93% YoY), with net profit down 18.46% YoY to ₹4,229.33 crore. On the market side, shares closed at ₹279.35 on November 9, down 1.45%, with a market cap near ₹3.5 lakh crore; the stock had gained 6.72% over the prior week but is down about 0.93% over three months. In business news, ITC Hotels signed a management agreement for Storii Shantiniketan, a 95-key retreat in West Bengal, expanding its hospitality footprint. In Q2, the FMCG business delivered strong growth, while cigarette earnings fell sharply due to higher taxes, and the agri and paper businesses showed recovery momentum. The company also announced its Q2 FY27 results on November 2, with a media statement and investor presentation published the same day.