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ITC has increased its stake in EIH and HLV, acquiring 2.44% and 0.53% respectively. This strategic move strengthens ITC’s position in the luxury hospitality sector, enhancing its portfolio and aligning with its long-term growth objectives.
In this blog, we analyze ITC's impressive Q2FY25 results, highlighting a 4% surge in share price following strong revenue growth across key segments. Explore insights from analysts, performance metrics, and the challenges ahead for this FMCG giant.
In its Q4 2024 financial results, ITC Ltd reported a slight decline in net profit to Rs 5,191 crore, compared to Rs 5,243 crore in the previous fiscal year. Revenue from operations rose by 2% to Rs 19,446 crore, reflecting ITC's resilience amidst challenging market conditions. Key sectors contributing to this growth include FMCG, hotels, paperboards, and agribusiness. Despite increased operational costs, ITC's strategic initiatives and diversified portfolio have driven revenue growth. Looking forward, ITC plans to enhance its digital capabilities and market presence, ensuring sustained success in the coming fiscal year. In its Q4 2024 financial report, ITC Ltd disclosed a marginal decrease in net profit to Rs 5,191 crore, compared to Rs 5,243 crore in the previous fiscal year. However, the company's revenue saw a 2% uptick, reaching Rs 19,446 crore. This growth was propelled by key sectors such as FMCG, hotels, paperboards, and agribusiness. Despite facing challenges like increased operational costs, ITC's diversified portfolio and strategic initiatives played a pivotal role in sustaining revenue growth. Looking forward, ITC aims to bolster its digital capabilities and market presence to ensure continued success in the upcoming fiscal year.