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ITC Q1 Results Review - Demand Outlook Positive, Margins Bottomed Out: Prabhudas Lilladher

The brokerage expects ~4% cigarette volume growth in FY25/26 in a steady state given stable taxation and sustained innovations and distribution led gains.

<div class="paragraphs"><p>Range of products manufactured by ITC Ltd. (Source: Company website)</p></div>
Range of products manufactured by ITC Ltd. (Source: Company website)
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