ITC Reports 6.1% Rise in Q2 Net Profit to Rs 4,955.90 Crore

New Delhi, Oct 10. ITC Ltd, a diversified company, has reported a 6.11% increase in its consolidated net profit for the September quarter.

The company’s net profit rose to Rs 4,955.90 crore, compared to Rs 4,670.32 crore in the same period last year.

Despite a challenging operating environment, ITC sustained its growth momentum by focusing on customer centricity, digital adoption, execution excellence, and agility.

The company’s gross revenue from product sales increased by 3.83% to Rs 19,137.51 crore. Revenue from operations also rose by 3.55% to Rs 19,270.02 crore.

The FMCG-others category and cigarettes segment performed well, while the hotels business saw a record high second quarter. However, the paperboards, paper, and packaging segment were impacted by low priced Chinese supplies and muted demand in export markets.

The company remains optimistic about recovery in rural markets due to improved agricultural output, the festive season, increased rural wages, and government spending on infrastructure.

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