ITC Q1 Results: FMCG Giant Declares Marginal Surge In Net Profit, Shares In Red

FMCG sector company, ITC Ltd shares witnessed marginal decline of 0.26% in trade on Thursday. ITC Ltd today declared its standalone net profit at Rs 4917 crore, up 0.29% as against Rs 4,903 crore declared in the corresponding quarter of last year. Its revenue from operations for Q1 FY2025 zoomed by 7% to Rs 18,220 crore as compared to Rs 16,995 crore declared in the corresponding quarter of Q1FY2024.

Its margin for Q1 FY2025 declared at 37% as against 39.5% in the similar quarter of last year. Current market price of ITC Ltd share stood at 493.75 per share.

The market capitalisation of ITC Ltd stood at 6,16,983.77 crore. ITC shares witnessed rally of 0.81% in last 1-week and gained 15.01% in last 1-month. ITC shares registered maximum rally in last 3-years with gain of 140.85%.

"While private consumption expenditure remains relatively subdued, the Indian economy continues to be extremely resilient amidst a global growth slowdown on the back of multi-dimensional and purposeful policy interventions by the Government, with sustained public expenditure in creating physical, digital, agri and rural infrastructure," ITC said.

ITC's EBITDA margin surged 11.3% by 25 bps YoY and witnessed a sequential price uptick in specific commodities. ITC stated, amidst muted demand, the FMCG businesses saw revenue growing 6.3 percent YoY to Rs 5491 crores on a high base (2-yr CAGR +11.1%).

'Aashirvaad' Atta posted strong growth reinforcing its leadership position in the Branded Atta industry. 'Aashirvaad' Salt posted robust growth in focus markets during the quarter, supported by its distinctive positioning - 'Created by Sun and Sea - pure just like nature intended it to be'. The recently launched Aashirvaad Himalayan Pink Salt, serving the needs of health-conscious consumers with the proposition of 'Purity which you can see and taste', continued to gain traction, added ITC.

The Personal Care Products Business registered robust growth across segments. 'Fiama' and 'Vivel' range of Personal Wash products, 'Engage' range of fragrances and 'Nimyle' range of homecare products recorded strong growth on the back of sharp communication and consumer engagement, wider distribution and emerging channels. Fiama gel bars range sustained its strong growth momentum driven by innovative and differentiated offerings appealing to evolving consumer preferences, said the company.

When it comes to FMCG - cigarettes segment, net segment revenue surged 7% and Segment PBIT up 6.5% YoY. The Business continues to counter illicit trade and reinforce market standing by fortifying the product portfolio through innovation, democratising premiumisation across segments backed by superior onground execution.

Hotel segment revenue rallied 10.9% YoY; Segment PBIT up 11.5% YoY. Strong growth witnessed across properties, despite fewer wedding dates and extreme heatwave/elections impacting domestic travel & out-of-home dining.

About: ITC is one of India's foremost private sector companies. ITC has a diversified presence in FMCG, Hotels, Packaging, Paperboards & Specialty Papers and Agri-Business. ITC's aspiration to be an exemplar in sustainability practices is manifest in its status as the only company in the world, of its size and diversity, to be carbon, water and solid waste recycling positive. In addition, ITC's businesses and value chains create sustainable livelihoods for more than 6 million people, a majority of whom represent the poorest in rural India, according to its official website.