ITC Ltd reported standalone net profit of Rs 5078.3 crore for Q2 FY25, registering a growth of 3.1 percent from Rs 4,927 crore in the same quarter of the previous financial year. The company’s total revenue for the July-September quarter was at Rs 19,327.8 crore, up 16.8 percent from Rs 16,550 crore in the year-ago quarter, the company said in a regulatory filing.
According to a brokerages, ITC revenue was expected at Rs 17,986 crore and net profit at Rs 5,107 crore in the July to September quarter of FY25.
Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter was at Rs 6335.2 crore growing by 4.9 percent.
Higher costs of raw materials, including coffee, cocoa and crude oil have also weighed.
For ITC, total expenses soared 21%.
The consumer major’s overall revenue climbed 16% to 205.37 billion rupees for the quarter, with its consumer goods business, which makes up two-thirds of its revenue, growing 6%.
Peer Nestle India reported a drop in profit on higher ingredient prices, while soft drink makers Dabur India and Varun Beverages posted downbeat numbers, blaming higher-than-normal monsoon showers.
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