Diversified conglomerate ITC Restricted on Monday reported a year-on-year consolidated web revenue of ₹4,389.76 crore, up 33.97% for the April-June quarter (Q1FY23). It reported consolidated web revenue of ₹3,276.48 crore within the year-ago interval.
Sequentially, the online revenue of the cigarettes-to-hotels conglomerate jumped 4.6% from ₹4,196 crore within the March quarter (Q4FY22).
Complete income from operations of the FMCG main elevated by 39% to ₹19,831.27 crore from ₹14,240.76 crore throughout the corresponding interval a yr in the past.
Analysts anticipated the online revenue to develop anyplace between 22.4% and 25.3% to ₹3,687.3 crore and ₹3,775 crore, respectively.
Ebitda for the quarter underneath evaluate stood at ₹5,646.10 crore. Margin for the quarter stood at 32.7%. Cigarette revenues had been up 29% YoY to ₹6,608 crore.
The corporate’s consolidated complete earnings stood at ₹20,152 crore, up 37%, from ₹14,687. 80 crore within the year-ago interval.
Complete bills of the agency had been larger at ₹14201.51 crore as in comparison with ₹10220.49 crore within the corresponding interval of final fiscal.
Amongst segments, FMCG income stood at ₹4,451 crore as in comparison with ₹3,725 crore, up 19.5% YoY. The income from resorts got here in at ₹554 crore in contrast with ₹128 crore, up 332.8% YoY. The income from paper section got here in at ₹2,267 crore towards ₹1,583 crore, up 43.2% YoY.
On Monday, ITC’s scrip closed 1.57% larger at ₹307.80 apiece on the NSE.
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Supply: Live Mint