New Delhi, Nov. 3 -- ITC shares rose over 1% on Tuesday, 3 November, after the diversified conglomerate reported its Q2 FY27 results, with consolidated profit declining 18.45% year-on-year amid a sharp increase in expenses.

The company's consolidated net profit stood at Rs.4,229.33 crore in the September quarter, compared with Rs.5,186.55 crore in the corresponding period last year, according to its regulatory filing.

However, revenue from operations increased 43.85% year-on-year to Rs.30,578.4 crore in Q2 FY27, against Rs.21,255.86 crore in the year-ago quarter.

ITC's total expenses surged 69.6% to Rs.25,462.44 crore during the quarter. Total consolidated income, including other income, rose 42.33% to Rs.31,085.76 crore.

In its earni...