The conglomerate said in his income that early signs of recovery in the urban demand were visible in the quarter, while the rural consumption continued to demonstrate resilience. ITC said that the expectations of a normal monsoon and kharif – crop sow trends are good for the rural economy.
The first quarterly performance of ITC were largely in line with street estimates. While the results were declared after hours of the stock market, the ITC scrip closed on Friday on a profit of 1.14% on RS 416.5 per share at the BSE when the Benchmark Sensex fell by 0.72%.
The flagship of ITC cigarette company Netto segment turnover fell by 7.6% JoJ in the second quarter at RS 8520 Crore. The largest cigarette manufacturer in the country said that the premium cigarette brands continue to perform well, while it strengthens its market that is under the market interventions with focus on competing belts and to combat illegal trade.
The profit of cigarette company segment for interest and taxes (PBIT) increased by 3.7% yo -yo -jj on RS 5145.2 Crore. The company said that the consumption of the high -quality Tabak Inventaris magazine weighed on the margins, while there is a degree in the purchasing prices in the current gain cycle.
The FMCG Business Net Segment turnover of ITC increased by 5.2% yoj on RS 5777 Crore. The company said that only the notebook activities that continue to work under deflotional circumstances because of the cheap input of papers and stiff competition from local brands, the company grew revenue by 8.6% Yoy. Categories such as Staples, Biscuits, Dairy, Premium Personal Wash, Homecare and Agarbattis Red Grove Grove Grove Business was affected by obtaining a task. Interest, taxes, depreciation and amortization) was RS 545.5 CRORE compared to RS 619.3 Crore per year. ITC said that the prices of large raw materials such as edible oil, wheat, maida, cocoa and soap noodles on y -base remained that weighed on margins.
The income from the company’s Agri Business Segment increased by 39% JoJ at RS 9685 Crore powered by trade options in bulk products and export of Tabak magazine. The segment -pit was with 22% yo -yo -rs 433.8 crore.
The income of papers, papers and packaging segment rose by 7% yoj on RS 2115.7 Crore powered by higher volumes, while segment PBIT dropped to RS 162.6 crore of RS 261.3 Crore per year. ITC said damped realizations and high wood prices had influenced the margins.
At a consolidated level, the gross turnover of ITC rose by 19.5% yoj on RS 23.129.3 Crore, while the net profit rose by 5% yo -yo -5343.4 crore. The company attributed this to “strong performance” by group companies led by the IT Business ITC Infotech, Surya Nepal and the Hotels Entity ITC Hotels Ltd.
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