ITC Q2 profit jumps 36% YoY to Rs 4,023 crore, beats Street estimates

FMCG major ITC on Thursday posted a 36.16 per cent year-on-year rise in standalone profit at Rs 4,023.10 crore for the quarter ended September 30. The company had posted a profit of Rs 2,954.67 crore in the corresponding quarter last year.

Analysts in an ETNow poll had projected a net of Rs 3,656 crore.

Bottomline of the company also got a boost from one-time tax credit of Rs 166.16 crore during the quarter under review. Revenue from operations rose 5.31 per cent to Rs 11,871.47 crore.


Segment wise, revenue from cigarettes jumped to Rs 5,326.83 crore over Rs 5,020.06 crore last year. EBIT from the segment came in at Rs 3,844.45 crore against Rs 3,579.07 crore in the same period last year.

Revenue from the hotel segment increased 17.67 per cent to Rs 426.63 crore during the quarter under review. Topline of agri business and paperboard, paper & packaging advanced 19.27 per cent and 9.89 per cent to Rs 2,647.52 crore and Rs 1,565.42 crore, respectively.

The company announced its earnings post market hours. Earlier in the session, the scrip closed 0.82 per cent down at Rs 248.95.