ITC Q2 Profit Up 4% On Cigarette Sales
ITC Q2 profit rises 4% to Rs 5,180 crore on higher cigarette and FMCG sales; revenue up 7% YoY as margins expand.
ITC Q2 profit rises 4% to Rs 5,180 crore on higher cigarette and FMCG sales; revenue up 7% YoY as margins expand.
Reports note that regional snack brands in the country are attracting investor interest as they have been growing at a faster pace than the bigger players
The company’s revenue from operations has surged to Rs 23,129.35 crore in the first quarter of the current fiscal year from Rs 19,350.08 crore in Q1FY25
In its annual report, ITC states that sales to BAT rose to Rs 1445.27 crore in 2025 from Rs 1070.96 crore in 2024
Sanjiv Puri states that the state has been making rapid progress currently
The reports state that the deal is worth around USD 1.4 billion, and the company is eyeing to sell the stake in a block trade deal
The net profit rose to Rs 19,807.8 crore in the fourth quarter of the fiscal year 2025 (Q4FY25) from Rs 5,190.71 crore in Q4FY24
The company aims to strengthen its position in the organic and personal care segments through these acquisitions
Orion India, the Indian subsidiary of South Korea’s confectionery giant Orion Holdings, is intensifying its focus on its local range of snacking products, which includes popular items like Choco Pie dessert snacks and Turtle chips, according to the company’s managing director, Saurabh Saith. Having entered the Indian market five years ago, the company is now […]
British American Tobacco Plc (BAT), known for its Lucky Strike cigarettes, is poised to initiate the sale of a portion of its stake in its Indian partner, ITC, as early as this week, according to media reports. Reports suggest that London-listed BAT has been in discussions with Bank of America Corp. and Citigroup Inc. regarding […]