Tune in to find out what went right for ITC this quarter and the cues investors can take going forward.
ITC’s quarterly result marks another quarter of a broad-based uptick. ITC’s topline Q2 results were broadly in line with expectations.
Net revenue grew by 7.3 percent YoY, mainly aided by volume growth in FMCG sector, stabilization in the cigarette segment, and better business dynamics in the paper and hospitality segments.
The EBITDA margin improved by 150 bps YoY on account of positive operating leverage and improved fundamentals for the non-cigarette businesses.