Itc Q2 Results: ITC s revenue from operations for the quarter ended September, excluding excise duty, increased 2.6% YoY to Rs 16,550 crore. Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), rose a mere 1% YoY Rs 4,886.54 crore. Operating margin shrank 44 basis points on year to 29.53%. Cigarette business revenue grew 10% on year in the quarter to Rs 7,658 crore.
Q2 Results LIVE Updates: Hindustan Unilever will likely report mild top-line growth in the second quarter as inflation woes curbed volume expansion. Meanwhile, Nestle India is projected to see solid bottom-line growth on strong pricing.
ITC, said BOB Capital Markets, may log high-single-digit volume growth in cigarettes with strong double-digit growth and margin expansion in the FMCG segment.