ITC Result

ITC's consolidated profit for the period came in at Rs 5,054.4 crore, up 1.8 per cent year-on-year (Y-o-Y), from Rs 4,964.5 crore in the same quarter a year ago (Q2FY24).

Revenue rises 16% in Q2FY25; cigarette segment records 6.6% Y-o-Y growth in revenue

Diversified entity ITC Ltd on Thursday reported an 1.8 per cent increase in consolidated net profit to Rs 5,054.43 crore for the second quarter ended September 2024. The company had posted a consolidated net profit of Rs 4,964.52 crore in the year-ago period, according to a regulatory filing from ITC. ITC's revenue from operations jumped 15.62 per cent to Rs 22,281.89 crore in the September quarter. It was Rs 19,270.02 crore in the corresponding quarter of the previous fiscal. The total expenses were 20.92 per cent higher in the September quarter to Rs 16,056.86 crore. ITC's revenue from operations grew 15.62 per cent to Rs 22,281.89 crore in the second quarter of FY25. The total income of ITC, which includes other income, rose 14.86 per cent to Rs 22,897.85 crore. It was Rs 19,934.9 crore a year ago. Shares of ITC Ltd on Thursday settled at Rs 471.85 per scrip on BSE, down 1.81 per cent from its previous close.

Investors will closely monitor quarterly earnings reports alongside manufacturing, composite, and services data for October

Analysts will monitor the demand outlook on rural as compared to urban, competitive intensity, raw material trends, hotels & agri business outlook

At 9:17 AM, ITC shares were trading nearly 0.50 per cent lower at Rs 439.45 per share. In comparison, S&P BSE Sensex was down 0.14 per cent at 75,309.65 levels

Says public investment strong, consumption demand relatively subdued

Cigarette, FMCG (non-cigarette), and hotel segment top performers

Some investors may have preferred a vertical split (100 per cent direct). This move will not likely have a big implication for ITC's share price, wrote analysts at Jefferies in a note

ITC Q4FY23 result preview: The core Cigarette business volumes are expected to grow 13 per cent YoY, as per three brokerages. This pace of increase was 15 per cent in Q3FY23

Revenues from the non-cigarettes FMCG segment was at Rs 4,848.95 crore compared to Rs 4,099.47 crore

Post Q2 results, most brokerages have either recommended a 'buy' and an 'accumulate' rating on ITC with target prices in the range of Rs 365 to Rs 405

All analysts are bullish on the firm with target prices ranging from Rs 375 to Rs 490

Stocks to Watch today: ITC, UPL, Zomato, Arvind, Bajaj Consumer Care, among others will release their Q1 earnings today.

Pre-tax profits from the non-cigarettes FMCG segment was at Rs 246 crore, compared with Rs 243 crore in the same period last year

Among sectors, all the key indices ended in the red, led by the Nifty IT index (down 2 per cent) and the Nifty Realty index (down 1.7 per cent). Nifty Auto index was the only gainer, up 0.4 per cent.

ITC Q1 PREVIEW: During the quarter ended June, shareholders lost over 7 per cent of their wealth parked in ITC

The board has recommended a final dividend of Rs 5.75 per share; cigarette revenues rose 13.1% at Rs 6,508.43 crore

The FMCG major's consolidated revenue from operations rose to Rs 15,404 crore

Brokerage JM Financial expects PAT to decline 6.4 per cent YoY to Rs 3,554.9 crore during the quarter ended March 2021