ITC Q2 consolidated PAT rises to Rs3713.76cr on strong pick-up across operating segments

Revenue from operations stood at Rs14844.38cr in Q2FY22, rising from Rs13147.81cr of Q2FY21 and Rs14240.76cr in Q1FY22.

Oct 28, 2021 12:10 IST India Infoline News Service

ITC3
FMCG-giant, ITC recorded a consolidated net profit (attributable to owners) of Rs3713.76cr in the second quarter ending September 2021 (Q2FY22). The company's latest Q2 PAT numbers were higher from Rs3413.44cr of Q2FY21 and Rs3344.15cr of Q1FY22.

Meanwhile, revenue from operations stood at Rs14844.38cr in Q2FY22, rising from Rs13147.81cr of Q2FY21 and Rs14240.76cr in Q1FY22.

The earnings were healthy after strong pick-up across all operating segments after severe disruptions in Q1.

ITC said, "After significant disruptions in Q1, Cigarette volumes witnessed smart recovery with exit volumes at near preCovid levels." The cigarette segment Net Revenue and Segment Results up 10.3% and 10.4% y-o-y respectively.

Further, in Q2FY22, FMCG - Others Segment delivers resilient performance, growing on a high base quarter which witnessed exceptional surge in sales; Revenue up 23% over Q2 FY20 and 8% q-o-q. The Segment EBITDA here was at Rs403cr up 35% sequentially and 82% over Q2 FY20; EBITDA margins sustained at 10% in spite of unprecedented commodity inflation.

In hotels business, the company said that ,arked improvement in Occupancy (3x of Q2 LY) drives faster recovery in the business. Furthermore, leisure  destinations continue to perform well while Business travel gathers momentum.

Meanwhile, Paperboards, Paper & Packaging segment delivers strong performance with segment Revenue up 25% y-o-y and  Results up 24% yoy.

In agri business, ITC said that robust growth in External Businesses led by Wheat, Rice, Leaf Tobacco, Aqua and Spices exports. Margin expansion driven by favourable business and customer mix.

At around 12.09 pm, ITC was trading at Rs228.25  per piece down 4.3% on Sensex. 

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