ITC Q2 Results Highlights: Net profit rises 2% to ₹5,054 crore, revenue up 16%

Diversified FMCG giant ITC Ltd on Thursday posted a 1.8% increase in consolidated net profit to ₹5,054.43 crore for the quarter ended September 2024. In the year-ago period, the company had posted a post-tax profit of ₹4,964.52 crore.

Revenue from operations surged 15.62% to ₹22,281.89 crore in the latest September quarter, compared to ₹19,270.02 crore a year back.

• FMCG business including cigarette remained grew 6.1% to ₹14,463.15 crore for Q2 FY25 as compared to ₹13,631.46 crore in Q2 FY24.
• The hotel business reported 16.9% YoY jump at ₹789 crore, while the paper and paper board segment reported at 2.1% YoY jump in the segmental revenue for the quarter.
• The agri-business reported a 46.5% YoY increase at ₹5,845 crore as compared to ₹3,987.79 crore for previous year similar quarter.

• Traded volume (Lakhs): 117.33
• Traded value: ₹556.97 crore
• Total market capitalisation: ₹5,90,921.50 crore
• Free float m-cap: ₹4,38,958.47 crore

• Sanjiv Puri, Chairman and Managing Director
• Sumant Bhargavan, Executive Director
• Supratim Dutta, Supratim Dutta & Chief Financial Officer
• Hemant Malik, Executive Director
• Hemant Bhargava, Independent Director
• Alka Marezban Bharucha, Independent Director
• Mukesh Gupta, Non-Executive Director
• Chandra Kishore Mishra, Independent Director
• Shyamal Mukherjee, Independent Director
• Anand Nayak, Independent Director
• Alok Pande, Non-Executive Director
• Sunil Panray, Non-Executive Director
• Nirupama Rao, Independent Director
• Ajit Kumar Seth, Independent Director
• Atul Singh, Non-Executive Director
• Pushpa Subrahmanyam, Independent Director

• Current price: ₹475 (-1.1%)
• Previous close: ₹480.35
• Open: ₹482
• High: ₹482.4
• Low: ₹472.3

• Fast Moving Consumer Goods (FMCG)
• Cigarettes & Cigars
• Foods
• Personal Care
• Education and Stationery
• Safety Matches
• Agarbattis & Dhoop
• Hotels
• Packaging
• Agri-Business
• Agri Commodities & Rural Services
• E-Choupal
• Information Technology
• ITC Brandworld

• Traded volume (Lakhs): 41.63
• Traded value: ₹198.3 crore
• Total market capitalisation: ₹5,91,859.57 crore
• Free float m-cap: ₹4,39,980.28 crore

• Current price: ₹475.55 (-1%)
• Previous close: ₹480.35
• Open: ₹482
• High: ₹482.4
• Low: ₹473.5

Investors will keep a close eye on management commentary on inflation, the effect of rising raw material costs on margins, and the performance of the company's paperboard business, apart from segment revenues.

ITC Q2 Results: Revenue growth likely to be around 6.9% to 7.9%

The conglomerate is likely to post 6.6% to 7.9% year-on-year (YoY) growth in revenue in the latest September quarter. The non-cigarette FMCG and hotel segments will drive the growth.

Revenue is expected to be around ₹18,112 crore in Q2 FY25, compared to standalone revenue of ₹17,548.75 crore in the second quarter of FY24.

According to analysts, a marginal 1.5% YoY increase in profit after tax (PAT) to ₹5,023 crore is forecasted in the quarter under review compared to ₹4,927 crore in the year-ago period.