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ITC sees broad-based growth, net profit rises 34% to Rs 4,389 crore

The performance of ITC in the June quarter reflected normalisation of business activity across segments

ITC
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Revenue from the non-cigarette FMCG segment stood at Rs 4,458.71 crore in Q1FY23, against Rs 3,731.40 crore in the year-ago period

Ishita Ayan Dutt Kolkata
Cigarettes-to-hotels major ITC on Monday reported a 33.98 per cent year-on-year (YoY) jump in its consolidated net profit, which came in at Rs 4,389.76 crore, amid growth across segments. In the year-ago period, profit was Rs 3,276.48 crore.

Net sales came in at Rs 18,353 crore, up 39.2 per cent YoY and well ahead of expectations. A poll of analysts by Bloomberg had estimated its revenue at Rs 11,760 crore and net income at Rs 3,974 crore.

The company attributed the performance to a “robust” performance across segments. Sequentially, too, net profit and revenue were up. Net sales in the previous quarter

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First Published: Aug 01 2022 | 7:53 PM IST

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