ITC Q1 results: Net profit up 2%; cigarette, agri segments drive revenue
New Delhi: On Friday, ITC LTD reported an increase in an independent June quarter profit. La4,912.36 CRORE, LaA year ago, 4,819.93 crore, but lower than street expectations. Conglomera’s costs for a quarter increased by 12.7% La12,872.66 Crore.
A survey of 17 analysts predicted that ITC reported an independent profit. La5,080 Crore for the first quarter of the fiscal year.
Income independent of operations increases by 19.7% La21.058.98 Crore in the reporting quarter, LaA year ago, 17.593.02 Crore helped you strong performance in agriculture and cigarette business.
Interest, taxes, depreciation and pre -depreciation for the June quarter, EBITDA La6,292.3 Crore.
The company’s cigarette work, 7.7% annually (YOY) income increase and interest and taxes (PBIT) reported that the front (PBIT) increased by 3.7% in the snow, but margins were hit with a high -cost leaf inventory.
“Consumption of high -cost leaf inventory was weighed on the margins; partially mitigated with the intervention of product mixture and cost management. Moderation in the existing crop cycle moderate in leaf tobacco supply prices.” The company said.
The company said differentiated variants and cigarettes continue to perform well in the premium segment. “It continues to be strengthened with market interventions by focusing on market stance, strategic portfolio and competitive belts,” the company said.
Throughout the June quarter, ITC’s fast -moving consumer goods operating, staple, biscuits, dairy products, premium personal washing, homecare and agarbattiis’tek strong performance in revenues led by a 5.2% increase.
The EBITDA margin of the segment received 50 BPS recovery in a quarter quarter.
Despite the annual increase prices for products such as edible oils, wheat and cocoa, company cost management, portfolio premiumization and targeted pricing actions reduced the impact.
The company said that the laptop industry continues to operate under deflationist conditions due to low -priced paper imports, and local competition witnesses an opportunistic game. Meanwhile, the beverage category was shot by non -seasonal rains for a quarter.
The company also continued its trade and marketing investments to support growth and market stance. New age channels, including e-commerce, fast trade and modern trade, witnessed solid growth, while the company’s digital primary and organic portfolio, which includes brands such as Yogabar and Anne Sparsh, generated approximately recurrent revenue (Arr). La1,000 crore.
Agricultural enterprise saw an increase of 39% in income La9,685 Crore by processing in collective commodities and leaf tobacco exports.
Leaf tobacco exports have also achieved a strong growth and continued to benefit from business product development expertise, superior product quality and strong customer relationships.
Finally, eagles, paper and packaging segment income grew by 7% annually La2.115.76 Crore.
“The working environment remained challenging for a quarter with a low -priced supply flow to global markets, including the working environment, India, high domestic wooden prices and repressed realizations.” He said. He continued to focus on accelerating plantations, developing new fields, cooperating with other wooden -based industries, and implementation of satellite -based plantation monitoring systems, “the work continued.
The new food technology, a new vector in the ITC Next strategy, takes advantage of the company’s powerful aspects in food science, production and kitchen expertise to enter the rapidly growing online food services market. The full pile of food technology platform has expanded to about 60 cloud cuisine in five cities and the Gross Property Value (GMV) Transition La100 Crore in FY25.
The company is now introducing this initiative gradually in India.
