ITC

During the quarter, revenue from the 'total FMCG' segment, which also includes cigarettes, was up 25.05% to Rs 11,922.81 crore. It was Rs 9,534.07 crore in Q1/ ...

It was Rs 133.67 crore in Q1/FY 2021-22. It was Rs 5,802.67 crore in the corresponding quarter last fiscal. Its agribusiness was up 82.29% to Rs 7,492.14 crore during the period under review, which was driven by wheat, rice and leaf tobacco exports. It was Rs 9,534.07 crore in Q1/FY 2021-22. It was Rs 4,109.82 crore in the April-June quarter of the last fiscal. Inflationary headwinds also manifested in subdued consumption expenditure with volumes coming under pressure, particularly in rural markets," said ITC. ITC's revenue from the FMCG-others segment was also up 19.49% to Rs 4,458.71 crore in Q1/FY 2022-23 as against Rs 3,731.40 crore in the year-ago period. Revenue from other segments, which includes its Information technology services, branded residences etc, was up 8.17% to Rs 735.84 crore as against Rs 680.26 crore of Q1/FY 2021-22. Revenue from ITC's Hotels segment was up four-fold to Rs 580.71 crore in comparison to a lower base of the pandemic-impacted corresponding quarter. Revenue from the cigarettes business was up 28.63% to Rs 7,464.10 crore in the April-June quarter of this fiscal. The conglomerate's standalone revenue from operations rose 41% to Rs 18,320 crore as compared to Rs 12,959 crore in Q1FY22. ITC's total expenses in the latest June quarter stood at Rs 14,201.51 crore. It posted standalone net profit of Rs 3,013 crore in the year-ago period.

ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 377541.02 Crore) operating in Tobacco sector.

FMCG EBITDA margin sustained at 7.8% driven by higher price increases and single digit volumes. It expects operating leverage and mix change could lead to double digit EBITDA margin soon. Revenue/EBITDA/APAT grew 41.1%/40.2/38.4%. The brokerage notes sequential recovery in cigarette business surpassed volumes at pre-Covid levels with 26% growth. Hotels/Agri./Paper segment grew 3.4x/82.5%/43.3%. Despite high base, other FMCG business grew 19.5% driven by robust growth in staples/discretionary/OOH, yet health/hygiene saw moderation. The Securities and Exchange Board of India (Sebi) may tighten rules on investments by portfolio management service (PMS) firms in group entities. For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 18810.18 Crore, up 3.05 % from last quarter Total Income of Rs 18252.64 Crore and up 28.07 % from last year same quarter Total Income of Rs 14687.80 Crore. Company reported net profit after tax of Rs 4462.25 Crore in latest quarter.

Last month, ITC Chairman Sanjiv Puri said that the company was liquidating some old inventory of the Wills brand left in a few stores and there were no ...

It sold a range of apparel including formal, casual, evening and designer wear under the brand. ITC Q1 results preview: Here's what analysts expect from the FMCG major Of surrogates & brand extensions Sanjiv Bajaj on taking business to the next level of digitisation "...following a strategic review of its business portfolio, the company has exited the lifestyle retailing business," ITC said in a regulatory filing on Tuesday.

New Delhi: The stock value of diversified conglomerate ITC Limited saw a fresh three-year high of Rs 316.65 on the stock exchange in Tuesday's intra-day ...

The stock is already up 40 per cent year-to-date. “While inflation continues to be a big concern for the industry, moderation in prices of key commodities in recent times, along with strategic interventions by the central government and the Reserve Bank of India, could result in economic recovery. The company’s net sales too saw a 41 per cent spike and stood at Rs 18,164 crore, while EBITDA was up 41.5 per cent on Y-o-Y basis.

Adani Power, Adani Wilmar, Godrej Consumer Products, Gujarat Gas, Vodafone India, and BASF India will be in focus as they declare their June quarter ...

The lender had reported a profit after tax of ₹720 crore in the same quarter of the previous fiscal. The board has also approved the proposal to split the company's shares and increase the authorised share capital of the company. Brigade Enterprises: Realty firm Brigade Enterprises Ltd on Tuesday reported a consolidated net profit of ₹87.68 crore for the quarter ended June on better sales. Kotak Mahindra Bank: A Kotak Mahindra Bank arm is targeting to raise up to ₹1,500 crore to invest in private equity and venture capital funds. Bank of India: Bank of India on Tuesday reported a 22% decline in standalone profit after tax to ₹561 crore in the April-June quarter on higher provisioning for bad loans. Adani Green Energy: Adani Green Energy Limited (AGEL) on Tuesday posted a fall of over 2% in consolidated net profit at ₹214 crore in the April-June quarter of FY23, due to higher expenses.

The stock value of diversified conglomerate ITC Limited saw a fresh three-year high of Rs 316.65 on the stock exchange in Tuesday's intra-day trade.

The stock is already up 40 per cent year-to-date. People aware about developments within the conglomerate said that through the strategic initiatives led by Sanjiv Puri, ITC's attempts to mitigate high input costs through strategic cost management, premiumization, supply chain agility, judicious pricing actions, fiscal incentives, leveraging digital, optimizing channel assortments, and favorable business mix can be credited for this robust growth. "The industry had expected a strong fiscal quarter show from the company but the Q1 FY23 numbers reflect a performance above expectations. The stock is already up 40 per cent year-to-date. People aware about developments within the conglomerate said that through the strategic initiatives led by Sanjiv Puri, ITC's attempts to mitigate high input costs through strategic cost management, premiumization, supply chain agility, judicious pricing actions, fiscal incentives, leveraging digital, optimizing channel assortments, and favorable business mix can be credited for this robust growth. The company's net sales too saw a 41 per cent spike and stood at Rs 18,164 crore, while EBITDA was up 41.5 per cent on Y-o-Y basis.