New Delhi, Aug. 3 -- FMCG giant ITC share price surged as much as 3.81% on NSE in Monday's trading session despite the conglomerate posted weaker-than-expected performance for the April-June quarter (Q1 FY26-27).

The FMCG stock opened at Rs.284.45 apiece today, as compared to previous close of Rs.281 on Friday last week.

ITC Ltd reported a decline in its June quarter (Q1 FY27) profit as a sharp hike in cigarette taxes and weak performance in its agri business offset healthy revenue growth, underscoring the challenges posed by rising input costs and geopolitical uncertainties.

The Kolkata-headquartered conglomerate, which has interests spanning cigarettes to packaged foods, posted a 27.6% year-on-year increase in consolidated revenue fr...