ITC posts Rs 5 343 cr profit for June qtr

     New Delhi, Aug 1 (PTI) Diversified entity ITC Ltd on Friday reported a consolidated profit of Rs 5,343.41 crore during the June quarter.
     The Kolkata-headquartered company had posted a consolidated profit of Rs 5,176.99 crore in the year-ago period.
     ITC's revenue from operations was Rs 23,129.35 crore, driven by cigarettes, agri business, and FMCG. It was Rs 19,350.08 crore in the corresponding quarter of the previous fiscal year.
     Its total expenses were at Rs 16,752.31 crore during the quarter, up 26.73 per cent.
     ITC's total income, including other income, was at Rs 23,811.56 crore, up 18.86 per cent.
     The Kolkata-headquartered firm had a "strong performance by group companies led by ITC Infotech, Surya Nepal and ITC Hotels", ITC said in an earnings statement.
     However, the company said its results for the quarter are not comparable as it had on June 13, 2025, acquired the entire share capital of Sresta Natural Bioproducts, which owns brand 24 Mantra Organic.
     "Accordingly, financial results of the group and 'FMCG Others' segment for the quarter ended 30th June, 2025 include those of SNBPL and its subsidiaries from 13th June, 2025 and hence are not comparable with previous periods," it said.
     According to ITC, the macroeconomic fundamentals of the Indian economy remain resilient despite global headwinds marked by geopolitical tensions, evolving trade policy dynamics, and heightened uncertainty and volatility in the operating environment.
     "High frequency indicators for the quarter suggest mixed trends. Buoyancy in agriculture and services sector, moderating inflation and rural wage growth are some of the key positives; on the other hand, industrial growth, automobile sales, credit growth and electricity & fuel consumption remain subdued," it said.
     Moreover, rural demand continued to demonstrate resilience and expectations of a normal monsoon and kharif crop sowing trends augur well for the rural economy.
     Early signs of recovery in urban consumption demand were visible during the quarter, the company said, adding that lower inflation, reduction in interest rates and liquidity support by the RBI, tax cuts announced in the recent Union Budget, along with front-loading of government expenditure, are expected to bolster growth momentum going forward.
     "Amidst a challenging operating environment as stated above, the company delivered resilient performance during the quarter," it said.
     Its revenue from total FMCG business, which also includes cigarettes, was up 7 per cent at Rs 15,354.30 crore in the June quarter.
     ITC's revenue from 'cigarettes' was Rs 9,553.86 crore, up 8 per cent.
     "Strategic portfolio and market interventions with focus on competitive belts and to counter illicit trade, drive volume-led growth and reinforce market standing," it said.
     Moreover, differentiated variants and premium segment continue to perform well, leveraging mainstream trademarks & innovation.
     ITC's revenue from the 'FMCG Others' segment was Rs 5,800.44 crore, up 5.4 per cent.
     FMCG other business includes branded packaged foods businesses in staples, meals, snacks, dairy & beverages, biscuits & cakes, chocolates, coffee & confectionery, education and stationery products; personal care products; safety matches and agarbattis.
     Its revenue from the agri business was up over two-fold to Rs 9,723.84 crore.
     ITC's revenue from paperboards, paper & packaging was at Rs 2,116.62 crore, up 7 per cent.
     Its revenue from 'others', which include IT services, ITC Grand Central Hotel, Mumbai and FoodTech, was Rs 1,182.59 crore, up 22 per cent.
     Shares of ITC Ltd on Friday settled at Rs 416.50, up 1.14 per cent from the previous close.

(This story has not been edited by THE WEEK and is auto-generated from PTI)