Mumbai, Aug. 1 -- ITC Ltd's June-quarter profit fell as a steep tax increase on cigarettes and a slump in its agri business outweighed robust revenue growth, highlighting the pressure it faced from higher input costs and geopolitical disruptions. The Kolkata-based cigarettes-to-atta conglomerate reported a 27.6% year-on-year (y-o-y) rise in consolidated revenue from operations to Rs.29,523.30 crore, while net profit fell 15.6% to Rs.4,508.79 crore, according to an exchange filing on Friday. Reported net profit included a one-time gain of Rs.405.88 crore from the revaluation of ITC's existing stake in Sproutlife Foods Pvt. Ltd, which sells Yoga Bar. Consolidated Ebitda (earnings before interest, taxes, depreciation, and amortization) fell 24% y-o-y. Revenue growth was driven by a 12% increase in the FMCG-Others business. But net revenue from the cigarettes business fell 25% y-o-y, while agri business revenue declined 16.55%. Shares of ITC closed 1.42% lower at Rs.281 on the National Stock Exchange on Friday, while the benchmark Nifty 50 gained 0.27%. ITC said the conflict in West Asia raised crude and crude-linked input costs while disrupting trade and supply chains, making the operating environment more challenging during the quarter. The company also flagged a weak monsoon and rising input costs as key risks going forward. "While consumption demand, both in rural and urban markets, remained resilient during the quarter, imported inflation is a key watch-out in the near-term," ITC said in a press statement. "India is currently experiencing a significant deficit in monsoon and lower Kharif sowing levels compared to the same period last year." The broader macroeconomic backdrop also remained challenging. Driven by higher food prices, retail inflation accelerated to 4.38% in June from 3.93% in May, breaching the Reserve Bank of India's 4% medium-term target for the first time since January 2025. ITC said it is implementing staggered price increases to absorb the sharp hike in cigarette taxes while seeking to retain consumers. The company has undertaken 30 interventions to strengthen and reshape its product portfolio. Within FMCG, dairy, snacks, noodles and frozen snacks grew more than 20% year-on-year, while personal care products posted mid-teens growth....