ITC Q2 Results: The country’s leading FMCG and cigarette company ITC Limited released the results for the July-September quarter of the current financial year on Thursday, October 30. The company said that its net profit has increased by 2% to ₹ 5,180 crore in the September quarter, whereas in the same quarter a year ago, the company had made a profit of ₹ 5,078 crore. The company said that better sales in the cigarette business helped it increase its profits.
decline in revenue
However, the company’s total revenue declined by 2 percent to Rs 19,382 crore in the September quarter. The company’s revenue in the same quarter a year ago was Rs 19,859 crore. The company said sluggish demand in some non-core segments and fluctuations in input costs have impacted its revenue.
The board of ITC approved several important decisions on Tuesday. This includes the decision of voluntary delisting from the Kolkata Stock Exchange (CSE).
The company said, “The Board has approved voluntary delisting of the ordinary shares of the company from CSE under Rules 5 and 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021.” However, the company’s shares will remain listed on the National Stock Exchange (NSE) and BSE, providing investors with trading facilities across the country.
Apart from this, the company has announced the inclusion of former G20 Sherpa and former CEO of NITI Aayog Amitabh Kant in the board of directors. He has been appointed as an independent director for a period of five years with effect from January 1, 2026. This appointment is considered an important step in the governance and strategic direction of the company.
Cigarette business became support
ITC’s cigarette business still remains the largest contributor to the company’s revenue. According to analysts, the cigarette business supported the company’s bottom line due to steady demand in urban markets and good sales in the premium segment. Apart from this, FMCG, paperboard and hotel segments also witnessed steady growth. However, agri-business was impacted by export restrictions and domestic fluctuations.
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