ITC Q1 Results: ITC net profit jumps 38% to Rs 4,169 crore in Q1, sales up 41% | India Business News

KOLKATA: The Sanjiv Puri-led FMCG-to-tobacco-to-hospitality conglomerate ITC has witnessed a 38. 3% year-on-year (YoY) rise in its standalone web revenue to Rs 4,169 crore for the primary quarter this fiscal. The surge got here after a 41% YoY development in product sales income.
The diversified conglomerate had posted a Rs 3,013-crore web revenue for the primary quarter of the final fiscal. Gross income from gross sales stood at Rs 18,163 crore for the interval underneath assessment in opposition to Rs 12,884 crore for the year-ago interval, in accordance with the corporate’s inventory alternate submitting. In the course of the interval underneath assessment, the conglomerate’s tax bills rose 36. 8% YoY to Rs 1,370 crore.
ITC mentioned “strong efficiency” continued throughout segments as its ebitda was up by 41. 5% year-on-year throughout the first quarter of FY23. In the course of the quarter, the diversified conglomerate posted the very best quarterly income and income in over 14 years for its resorts enterprise. It additionally noticed document quarterly income and income for its paperboards, paper and packaging section. The section income for the resort was Rs 555 crore a surge of 41. 4%. The ebitda was at Rs 268 crore.
The annual recurring income and occupancy was forward of pre-pandemic ranges pushed by retail (packages), leisure, weddings and MICE segments.