ITC Ltd reported a 2% year-on-year increase in Q2 FY25 net profit, surpassing expectations, with revenue rising 15.6% to ₹22,282 crore.
ITC Ltd reported a consolidated net profit of ₹4,993 crore for Q2 FY25, marking a 2% increase year-on-year, while revenue rose 15.6% to ₹22,282 crore, surpassing expectations. Strong performances in hotels and agribusiness contributed to growth, despite challenges in paperboards. Shares rose nearly 5% following the results, with several brokerages maintaining 'buy' ratings and raising target prices. The board also approved acquisitions in EIH Ltd and HLV Ltd.
October 25, 2024
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