InvestorQ : How were the latest quarter results of ITC?
Niti Shenoi made post

How were the latest quarter results of ITC?

ishika Banerjee answered.
1 year ago

The stock of ITC had started appreciating in anticipation and on Saturday ITC did not disappoint with its results. For the Jun-21 quarter, ITC reported 30.2% growth in net profits at Rs.3,344. Even the top line revenues were up 35.9% at Rs.14,241 crore in the quarter as there was a sharp bounce from the COVID period. The top line boost was led by a boost to cigarette sales, which picked up substantially after the prolonged ban last year.

ITC Ltd also witnessed a turnaround in the non-cigarette FMCG business with special focus on the performance of hygiene products which triggered the growth in the EBITDA of ITC. Similarly, the agriculture products vertical also grew sales by 50% although the big surprise package came from the paper and paperboards segment which saw 50% growth traction yoy. The hotels segment, finally saw a turnaround to positive EBITDA zone.