Mumbai, July 28 -- Revenue from operations (excluding excise duty) declined 19.2% to Rs 1,191.85 crore in Q1 FY27 from Rs 1,474.25 crore in Q1 FY26.

Profit before tax (PBT) dropped 43.9% YoY to Rs 251.10 crore during the quarter.

EBITDA fell 46.2% YoY to Rs 182 crore, while the EBITDA margin contracted to 3.2% in Q1 FY27 from 8.3% in the year-ago period.

The company's domestic cigarette volumes stood at 1,866 million sticks per month during Q1 FY27, compared with 1,903 million sticks per month in Q1 FY26.

Sharad Aggarwal chief executive officer, said, "The company reported a consolidated gross sales value of Rs 5,676 crore and net profit of Rs 198 crore. Due to the steep tax increase implemented in Q4 of FY26, the profitability has de...