Home / Companies / Quarterly Results / ITC Q2 profit rises 10.3% to Rs 4,927 crore, misses estimates as costs rise

ITC Q2 profit rises 10.3% to Rs 4,927 crore, misses estimates as costs rise

Analysts, on average, had expected a profit of Rs 4,954 crore rupees, according to LSEG data

A man talks on his mobile phone as he walks past an ITC office building in Kolkata. Photo: Reuters

The tobacco-to-hotels conglomerate's profit rose to Rs 4,927 crore for the three months ended Sept. 30 from 4,466 crore a year earlier, it said in an exchange filing

Reuters BENGALURU/CHENNAI

1 min read Last Updated : Oct 19 2023 | 9:08 PM IST

Listen to This Article

ITC reported a smaller-than-expected rise in second-quarter profit on Thursday, as higher costs offset strong demand for its cigarettes and consumer goods.

The tobacco-to-hotels conglomerate's profit rose to Rs 4,927 crore for the three months ended Sept. 30 from Rs 4,466 crore a year earlier, it said in an exchange filing.

Analysts, on average, had expected a profit of Rs 4,954 crore , according to LSEG data.