MUMBAI, July 31 -- ITC Ltd's June-quarter (Q1FY27) profit fell as a steep tax increase on cigarettes and a slump in its agri business outweighed robust revenue growth, highlighting the pressure on one of India's largest consumer companies from higher input costs and geopolitical disruptions.

The Kolkata-based cigarettes-to-atta conglomerate reported a 27.6% year-on-year 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 net profit before exceptional items (a...