In its Q2 results for FY 2024-25, ITC Ltd posted a net profit of ₹5,078.3 crore, marking a 3.1% year-on-year rise from ₹4,927 crore in the previous year’s quarter. This came amidst increased revenue and ongoing margin pressure.
The company’s revenue rose 16.8% to ₹19,327.8 crore, outpacing the anticipated ₹17,710 crore forecast by CNBC-TV18. Meanwhile, the EBITDA for the quarter reached ₹6,335.2 crore, slightly below market estimates of ₹6,375 crore.
Cigarette volumes saw a 3% growth, aligning well with industry expectations. ITC’s wide-ranging portfolio, spanning FMCG, hotels, paperboards, and agribusiness, remains a strong pillar for its financial stability.
Following the earnings release, which took place post-market, ITC shares closed at ₹471.85 on the BSE, a decrease of ₹8.70 or 1.81%.