ITC Limited Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· Gross revenue jumped by 8.9%   YoY (excl. Rice & Wheat Exports) · Net profit saw a surge of 10.3%   YoY · EBITDA saw a surge of 9.5%

Performance Highlights

· The gross revenue stood at ₹17,549 Cr · The EBITDA Stood at ₹6,042 Cr · PAT stood to ₹4,927 Cr

Segment Revenue Metrics

· FMCG (Total Revenue incl. cigarettes), saw YoY Growth of 9.4% · Hotels business saw a 21.2% YoY Growth · Agri Segment faced a decline of 1.7% YoY · Paper Segment Saw a decline of 9.5% YoY

ITC Hotels' Q2 success

· ITC's hotel segment achieved remarkable growth in Q2, highlighted by hosting the G20 Summit and strong accolades. · With planned developments in the coming quarters, ITC's hotel division aims to become a significant player in the industry.