The company said its cigarettes business clocked a revenue of Rs 4,330.05 crore in the first quarter, against Rs 6,141.92 crore a year ago
Impact of the lockdown of manufacturing facilities, cigarette inventory levels, guidance on price and volume, and alternate distribution channels are among the key monitorables
Most stocks need to conquer their 200-DMA for the next surge.
Rural markets, which account for around one-third of the industry and have been the key driver of growth in recent years, witnessed a steep fall in growth rates
Analysts on average had expected a profit of 28.32 billion rupees, according to Thomson Reuters Eikon data
ITC's non-cigarette business expected to drive profitability