Beating road estimates, diversified conglomerate ITC on Thursday reported round 3.1 per cent year-on-year development in its standalone internet revenue at ₹5,078.34 crore for the second quarter this fiscal, backed by a 16 per cent y-o-y bounce in its gross income through the interval.
The Kolkata-headquartered conglomerate had posted a internet revenue of ₹4,926.96 crore through the second quarter final fiscal.
The cigarette-to-soap maker’s gross income from sale for the July-September quarter of the present monetary yr soared to ₹20,359.95 crore from ₹17,548.75 crore for the corresponding interval final yr, pushed by good development in agri and accommodations companies.
The corporate, in a media assertion, mentioned it was a resilient efficiency amidst a difficult working setting. Subdued demand circumstances, unusually heavy rains in components of the nation, excessive meals inflation and sharp escalation in sure enter prices had been witnessed through the quarter below overview.
Whole bills through the quarter witnessed a 20.30 per cent y-o-y rise to ₹14,661.29 crore, whereas value of supplies consumed soared by 13.45 per cent y-o-y to ₹6,098.77 crore, in response to a inventory change submitting.
Throughout Q2 FY25, income from the cigarette enterprise rose 6.78 per cent y-o-y to ₹8,177.27 crore, whereas working revenue from the section elevated by round 5 per cent y-o-y to ₹5,023.35 crore through the interval. The nation’s largest cigarette maker mentioned sharp value escalation in leaf tobacco, partly mitigated by means of improved combine, calibrated pricing and strategic value administration.
The non-cigarette FMCG enterprise registered a 5.41 per cent y-o-y development in its income to ₹5,577.73 crore, whereas the section posted ₹441.80 crore working revenue throughout this era towards ₹438.60 revenue within the year-ago interval. In line with the corporate, incessant rains and flooding in sure components of the nation adversely impacted classes with increased salience of discretionary/out-of-home consumption.
Muted demand circumstances
Inflationary headwinds had been witnessed throughout a number of key inputs, in edible oil, wheat, maida, potato, and so forth, through the second quarter. “Aggressive depth continues to stay excessive (together with from native gamers) in sure classes similar to noodles, snacks, biscuits and well-liked soaps,” it mentioned, including that the FMCG enterprise demonstrated resilience amidst muted demand circumstances, led by agile innovation, and a slew of revolutionary product launches.
Accommodations section income rose 12.05 per cent y-o-y to ₹727.65 crore throughout Q2 FY25, whereas working revenue from the section elevated 20.16 per cent y-o-y to ₹151.19 crore through the interval below overview.
The corporate’s agri enterprise section income rose 47.05 per cent y-o-y to ₹5,780.51 crore within the interval, whereas working revenue for the section grew 27.49 per cent y-o-y to ₹454.72 crore.
ITC’s Paperboards, Paper and Packaging section income witnessed a marginal development of two.14 per cent y-o-y at ₹2,114.09 crore, whereas working revenue fell 23.22 per cent y-o-y to ₹242.47 crore through the interval.
“Subdued realisation, surge in home wooden costs and ocean freight proceed to weigh on margins. Unseasonal rains adversely affect wooden availability, high quality and procurement worth,” the corporate mentioned.
