ITC reported a consolidated net profit of ₹4,992.87 crore in Q2FY25 compared to ₹4,898.07 crore in the year-ago period, impacted by the profitability of hotels and paperboards, paper and packaging businesses.
Consolidated gross revenue at ₹22,281.89 crore during Q2FY25 was supported by all operating segments, especially the agri business.
The revenue net of excise at ₹20,736 crore beat Bloomberg consensus estimate of ₹17,999.4 crore. However, the net profit fell short of the Bloomberg estimate of ₹5,227.6 crore.
ITC said the performance was "resilient" amid a challenging operating environment. Subdued demand conditions, unusually heavy rains in parts of the country, high food inflation and sharp escalation in certain input costs were witnessed during the quarter, it said.
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