Kolkata: ITC ’s net profit rose to Rs 4,137 crore in the second quarter of this fiscal from Rs 3,578 crore a year ago, driven largely by its non-cigarette FMCG, paper and agri businesses. Revenue rose to Rs 29,125 crore from Rs 27,588 crore.
ITC said all non-cigarette segments grew robustly, with FMCG revenue growth at a 14-quarter high. In FMCG, biscuits, snacks, noodles, spices, salt, frozen snacks, homecare and notebooks grew over 20%, supplemented by high-teens growth in dairy and personal wash. Agri revenue grew 12% year-on-year, led by value-added products and leaf tobacco exports. Paper revenue rose 36% and segment profit before interest and tax (PBIT) rose 48%.
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In cigarettes, the company said a focused and calibrated response helped it navigate the unprecedented tax increase. The paper segment showed strong recovery momentum, and agri delivered robust growth despite West Asia-led trade disruptions. Download the TOI App.