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ITC profit falls 17% as cigarette taxes burns a hole in ITC's profits

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Summary

Higher taxes on cigarettes hurt margins and squeezed ITC's consolidated Ebitda, despite robust growth in non-cigarette businesses.

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    ITC profit falls 17% as cigarette taxes burns a hole in ITC's profits

    Higher taxes on cigarettes hurt margins and squeezed ITC's consolidated Ebitda, despite robust growth in non-cigarette businesses.

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