ITC Q2 profit rises 10.3% to Rs 4,927 crore, misses estimates as costs rise

ITC reported a smaller-than-expected rise in second-quarter profit on Thursday, as higher costs offset strong demand for its cigarettes and consumer goods.

The tobacco-to-hotels conglomerate's profit rose to Rs 4,927 crore for the three months ended Sept. 30 from Rs 4,466 crore a year earlier, it said in an exchange filing.

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Analysts, on average, had expected a profit of Rs 4,954 crore , according to LSEG data.

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