ITC Q2 profit rises 24% to ₹4,620 cr, beats estimates as cigarette and snacks sales rise
- ITC Q2 results: Segment wise, revenue from cigarette business was up 23.3%. Stability in taxes on cigarettes, backed by deterrent actions by enforcement agencies, continues to enable volume recovery for the legal cigarette industry from illicit trade, the company said
Cigarette-to-hotel conglomerate ITC on Thursday reported a 24% growth in its consolidated net profit at ₹4619.77 crore (attributable to owners of the parent) for the quarter ended 30 September, 2022 (Q2FY23), driven by demand for its cigarettes and snacks. It was ₹3,713.76 crore in the year-ago period.
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