ITC Ltd had reported a 10.09 per cent increase in consolidated profit after tax (PAT) at Rs 3,763.73 crore in the September quarter of FY22, led by a recovery across segments. PAT was at Rs 3,418.69 crore in the year-ago period.
Revenues from operations were at Rs 14,844.38 crore, up by 12.90 per cent from Rs 13,147.81 crore in the same period last year. Sequentially, too, revenues and profits were higher. In the June quarter, revenues from operations were at Rs 14,240.76 crore, and PAT was at Rs 3,343.44 crore. The company said there was a strong pick-up across all operating segments after severe disruptions in Q1.
Revenues in cigarettes saw a rebound at Rs 6,219.84 crore compared to Rs 5,627.67 crore in the year-ago period and Rs 5,802.67 crore in the previous quarter. ITC said that cigarette volumes witnessed an intelligent recovery, with exit volumes at near pre-Covid levels.
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Non-cigarette FMCG revenues were higher at Rs 4,043.83 crore than Rs 3,930.63 crore in the same period last year. This was a high base quarter led by an exceptional surge in sales.
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