ITC consolidated revenue up 30% at Rs 3,343 crore in June quarter

ITC consolidated revenue up 30% at Rs 3,343 crore in June quarter

Cigarettes-to-hotels main, ITC, reported a 30.24 per cent enhance in consolidated revenue within the June quarter on the again of a 36 per cent enhance in income from operations in comparison with the year-ago interval.

Consolidated revenue for the quarter ended June stood at Rs 3,343.44 crore. It was at Rs 2,567.07 crore within the corresponding quarter of the earlier yr.

Consolidated income from operations stood at Rs 14,240.76 crore in comparison with Rs 10,478.46 crore reported in the identical quarter final yr. Sequentially, nevertheless, revenues had been down 7.5 per cent and income by 12.4 per cent.

The corporate mentioned that there was a powerful rebound throughout working segments regardless of operational constraints within the wake of the second wave.

Section sensible, revenues from cigarettes stood at Rs 5,802.67 crore, up by 34 per cent from the year-ago interval. Within the earlier quarter it was at Rs 6,508.43 crore.

Pre-tax income from cigarettes was at Rs 3461.91 crore, a rise of 36.55 per cent in the identical quarter of final yr, however down by 11 per cent within the earlier quarter.

The corporate mentioned that sturdy sequential restoration momentum in cigarettes led to volumes reaching almost pre-Covid ranges in Q4FY21. Nevertheless, the second wave triggered disruptions in comfort retailer operations in the course of the quarter.

However week-on-week enchancment was underway since mid-June, the corporate talked about, with most markets returning to normalcy and witnessing sooner restoration in comparison with the primary wave. Sure markets in Kerala, Odisha and North East remained partially impacted.

Revenues from the non-cigarettes FMCG phase was at Rs 3731.40 crore, increased by 10.43 per cent from the year-ago interval at Rs 3378.84 crore. Within the March quarter, it was at Rs 3694.80 crore.

Pre-tax income from the phase was at Rs 174.28 crore, increased by 35 per cent over the identical quarter final yr at Rs 129.06 crore and decrease from Rs 182.91 crore within the March quarter.

The progressive restoration in resorts witnessed in H2 FY21 was impacted by the second wave, the corporate mentioned.

Revenues from the resorts phase was at Rs 133.67 crore within the June quarter, increased from the low of Rs 24.92 crore in the identical quarter final yr. It nevertheless, dropped sharply from Rs 302.35 crore within the March quarter.

Pre-tax loss was at Rs 159.61 crore within the June quarter in comparison with Rs 257.39 crore within the year-ago interval. Losses within the March quarter had stood at Rs 40.26 crore.

Pre-tax income from agri enterprise and paperboards, paper and packaging had been, nevertheless, up year-on-year and sequentially.

Pre-tax income from the agri enterprise phase was at Rs 195.04 crore in comparison with Rs 178.66 crore in the identical quarter final yr and Rs 185.11 crore within the earlier quarter.

Pre-tax income from paperboards, paper and packaging was at Rs 392.83 crore within the June quarter in comparison with Rs 160.11 crore within the year-ago interval and Rs 323.25 crore within the earlier quarter.

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