ITC Q2 profit jumps 10% to ₹4,927 cr
The tobacco-to-hotel conglomerate's revenue from operations stood at ₹17,705.08 crore.
The tobacco-to-hotel conglomerate's revenue from operations stood at ₹17,705.08 crore.
During the quarter under review, the company’s standalone profit surged 17.6% year-on-year (YoY) to ₹4,902.74 crore as against ₹4,169.38 crore in the same period last year.
Shares of cigarette-to-hotel conglomerate gained as much as 6.3% in early trade to hit a fresh record high of ₹384.4 even after the government raised duty on cigarettes by 16%.
Profit led by FMCG segment and cigarette business; ITC says geopolitical tensions and supply chain issues hardened commodity prices, creating “unprecedented” inflationary conditions