New Delhi: ITC Limited, one of India’s leading conglomerates, announced its second-quarter results for the financial year 2024-25 today. Despite a challenging operating environment, the company managed to deliver a resilient performance, with profits rising by 2% year-on-year (YoY) to Rs 4,993 crores.
Revenue from operations for the quarter stood at Rs 22,282 crore, marking a substantial 15% growth compared to the same period last year. This figure surpassed market expectations, which had pegged the revenue at around Rs 18,068 crore.
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The company’s consolidated net profit for the quarter ended September 2024 amounted to Rs 4,993 crore (attributable to shareholders), a slight increase from the Rs 4,898 crore reported in the previous year quarter. This growth was primarily driven by a 16% YoY increase in total income.
ITC’s cigarettes business continued to contribute significantly to its overall revenue, with sales growing by 7% YoY to Rs 8,879 crore in the quarter under review. The FMCG-others business, which includes categories like personal care, food, and beverages, also saw a modest growth of 5% YoY, reaching Rs 5,585 crore.
