ITC Ltd reported a modest 3.21% rise in net profit for the April–June quarter, reaching ₹5,343.41 crore compared to ₹5,176.99 crore in the same period last year. Revenue from operations stood at ₹23,129.35 crore, reflecting a 19.53% increase from ₹19,350.08 crore a year ago.
Despite the improved performance, the board did not declare any interim dividend for the quarter. The company’s fast-moving consumer goods (FMCG) segment reported consolidated revenue of ₹15,354.30 crore, of which the cigarettes business contributed ₹9,553.86 crore. The agriculture division saw revenue climb to ₹9,723.84 crore in Q1. Revenue from the Paperboards, Paper & Packaging segment stood at ₹2,116.62 crore.
Within the FMCG segment (excluding cigarettes), the business posted a 5.2% increase in revenue, rising to 8.6% year-on-year if notebook sales are excluded. The notebook segment continues to face pricing pressure, while the beverages category was affected by erratic weather conditions.
The cigarettes unit recorded a 7.7% growth in net segment revenue over the previous year. The company noted continued strength in its premium and differentiated offerings, supported by stable taxation and enforcement efforts that help curb illicit trade, thereby benefiting legal volumes and domestic tobacco demand.
The agriculture arm saw revenue jump 39% year-on-year, largely due to favorable trading conditions in bulk commodities and strong export performance in Leaf Tobacco. Profit before interest and tax (PBIT) for the segment rose by 22% on an annual basis.
ITC Ltd is a diversified conglomerate with a strong presence in multiple sectors, including FMCG, hotels, paperboards and packaging, agribusiness, and information technology. Established in 1910, the company has grown into one of India’s leading corporations, known for its iconic brands across categories such as tobacco, food, personal care, and lifestyle.
ITC is recognized for its commitment to sustainability, with a focus on environmental conservation, rural development, and creating value for stakeholders. The company has also made significant strides in the hospitality industry with its luxury hotels and has been a major player in India’s paper and packaging sector. With a long-standing history of strong financial performance and a forward-looking approach, ITC continues to be a key player in India’s corporate landscape, driving innovation and economic growth.
