Cigarette-to-consumer goods major ITC missed June-quarter earnings on all fronts amid inflationary pressures and a volatile operating environment marked by tax hikes in cigarettes and muted agri-business performance. The Kolkata-based company on Friday reported a 16.2% year-on-year decline in its consolidated net profit (attributable to owners) to Rs 4,394 crore for Q1FY27, below street estimates of Rs 4,852 crore for the period. Consolidated revenue from operations fell 11.1% year-on-year to Rs 19,114 crore, below Bloomberg consensus estimates of Rs 20,834 crore for the said quarter. The revenue figure is net of excise. Consolidated earnings before interest tax depreciation and amortisation (Ebitda) declined 24% year-on-year to Rs 5,181 crore below street estimates of Rs 5,828 crore for the period. Ebitda margins narrowed 430 basis points to 27.1% in Q1 versus 31.4% reported a year ago.