ITC Q2 Results FY25 reported 1.94% year-on-year growth in the consolidated net profit. On the ITC Q2 result date which was October 24, 2024, the ITC share price closed at ₹471.70. On October 25, 2024, ITC share price closed at ₹482.30. So, let’s get into the details of the diversified FMCG player Q2 FY25 revenue and segment performance.
ITC Q2 Results 2024: Revenue and Profit
ITC share price has delivered returns of 0.36% in the last 1 week (as on October 29, 2024) after the Q2 results. The consolidated net profit was ₹4,993 crores, up 2% YoY from ₹4,898 crores in Q2 FY25. The revenue from operations was at ₹22,282 crores, up 15.6% on a year-on-year basis.
According to the ITC Q2 results, the company has got an EBITDA of ₹6,335 crores in the July-September FY25 quarter and the EBITDA margin was 32.8%.
ITC Q2 Results 2024: Segment Performance
The key segment which is the cigarette business has earned a revenue of ₹8,879 crores which was 7% YoY higher than ₹8,328 crores in Q2 FY24. For the cigarette business, the profit before tax was ₹5,242 crores, which grew by 5% YoY.
The hotel segment revenue in Q2 FY25 was ₹789 crores, up 17% from the sequential quarter of the previous year. But the profit before tax dropped to ₹117 crores in Q2 FY25 from ₹133 crores in Q2 FY24.
The agribusiness segment earned a revenue of ₹5,845 crores, 47% higher than the Q2 FY24. The profit before tax was ₹447 in the second quarter of FY25 and grew by 25% YoY as per the ITC Q2 results today.
The paperboard business had only a growth of 2% YoY in revenue while profit before tax fell by 25% YoY to ₹235 crores in Q2 FY25.
The other segment made a revenue of ₹5,585 crores in Q2 FY25, higher 5% YoY. The PBT saw a marginal growth and it was ₹444 crores in the second quarter of financial year 2024-25.
Conclusion
ITC Q2 results 2024 highlighted that the company had made great revenue growth along with a slight increase in profitability. The board has also approved the purchase of 1.52 crore shares of EIH and 34.6 lakh shares of HLV from Russell Credit. It is a wholly-owned subsidiary of the ITC. In the last 1-year, ITC share price has delivered a return of 11.19% (as on October 29, 2024).
Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies quarterly results.
Reference
https://www.itcportal.com/investor/pdf/ITC-Quarterly-Result-Presentation-Q2-FY2025.pdf
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