ATLAS News · Tobacco
ITC reported a 20% decline in standalone net profit for the September quarter despite a 45% rise in revenue, as higher cigarette taxation weighed on profit.
ITC reported a 20% year-on-year decline in standalone net profit for the September quarter, to ₹4,137.1 crore, despite a 45% increase in revenue [4]. The rise in cigarette taxation significantly affected profitability and forced ITC to absorb part of the price hikes [4].
ITC reported a 20% decline in standalone net profit for the September quarter, even though revenue grew 45% [4]. The profit figure was ₹4,137.1 crore, a 20% fall year on year [4].
The Economic Times says the rise in cigarette taxation significantly affected profitability. It adds that ITC had to absorb part of the price hikes [4].
Non-cigarette businesses showed strong growth, with the highest revenue growth in 14 quarters [4]. Inflation and geopolitical tensions continue to affect the operating environment [4].
Other items in the news selection carry headlines about a California billionaire tax ballot measure, the voter records of California's billionaires, and an opinion piece on Massachusetts and voters in California and Washington. Nothing beyond those headlines is reported here [1][2][3].
Sector relationship, not a demonstrated effect: ATLAS has no evidence that this story moves these companies' share prices. They appear for their activity in the sector and are shown with ATLAS data.
Cigarette maker exposed to excise tax increases on tobacco, the same cost pressure that hit ITC's profit. · Consumer Defensive
U.S. cigarette maker exposed to tobacco taxation changes that affect pricing and margins. · Consumer Defensive
Global cigarette maker exposed to tobacco tax increases that can squeeze margins and pricing. · Consumer Defensive
ATLAS model estimates put fair value at $154.87 for Philip Morris International, $99.93 for Altria and $95.78 for British American Tobacco. The latest closes were 34.49% above the estimate for PM, 22.78% below it for MO and 35.36% below it for BTI. These are model estimates, not promises, and they are not tied to the story.
This is a sector relationship, not a demonstrated effect: there is no evidence that this story moves the share prices of these companies. Figures come from closes and may change.
Start in under a minute. Information, not advice.
There is no evidence of that. The companies are listed for their tobacco activity, a sector relationship, not a demonstrated effect.
A 20% year-on-year fall in standalone net profit for the September quarter, to ₹4,137.1 crore, with revenue up 45% [4].
The Economic Times says higher cigarette taxation significantly affected profitability and ITC absorbed part of the price hikes [4].
Closing prices, fair value, probabilities, earnings and dividends: ATLAS own data as of November 3, 2026. How we calculate fair value.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
ATLAS Signals
The week in the market, three stocks on ATLAS’s radar and what comes next. Get it every Monday.
By subscribing you agree to receive ATLAS Signals by email every Monday. You can unsubscribe with one click at any time. Privacy
ATLAS