Home / Companies / Results / ITC Q2 net profit rises 24% to Rs 4,619.77 crore; revenue up 24.4%

ITC Q2 net profit rises 24% to Rs 4,619.77 crore; revenue up 24.4%

The company attributed the performance to strong and broad-based growth across markets and channels

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3 min read Last Updated : Oct 20 2022 | 11:21 PM IST

Tobacco-to-hotels major ITC on Thursday reported 24.4-per cent year-on-year (YoY) jump in its consolidated net profit in the July-September quarter (second quarter, or Q2), which came in at Rs 4,619.77 crore. In the year-ago period, profit was at Rs 3,713.76 crore.

Net revenue at Rs 17,108 in crore in Q2 of 2022-23 (FY23) was up 24.4-per cent YoY and ahead of Bloomberg consensus estimate of Rs 16,164.3 crore. The estimate for net income was at Rs 4,288.8 crore.

The company attributed the performance to strong and broad-based growth across markets and channels.

Economic activity continued to gain momentum during the

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