ITC reported a 16.29 per cent year-on-year (Y-o-Y) rise in consolidated net profit in the April to June quarter of 2023-24 (Q1FY24) to Rs 5,104. 93 crore, from Rs 4,389.76 crore.

The FMCG business witnessed 'robust' growth in both urban and rural markets. The hospitality segment experienced its best Q1.

The improvement in profitability was driven by multiple interventions, including premiumisation, supply chain optimisation, judicious pricing actions, digital initiatives, strategic cost management, and fiscal incentives.

 

For details, read this Business Standard article here :
https://www.business-standard.com/companies/results/itc-q1-results-consolidated-net-profit-rises-16-29-to-rs-5-104-93-crore-123081400643_1.html