Noida, July 31 (APAC Media): FMCG major ITC reported a 27% year-on-year decline in standalone net profit to Rs 3,579 crore for the April-June quarter of FY27, compared with Rs 4,911 crore in the corresponding period last year, the company said on Friday.
ITC’s revenue from operations increased 28% year-on-year to Rs 26,943 crore during the quarter under review, compared with Rs 21,070 crore in the corresponding period a year ago.
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The company’s total income increased 27% year-on-year to Rs 27,589 crore, while total expenses climbed over 50% YoY to Rs 22,829 crore. EBITDA declined 28% YoY to Rs 4,514 crore during the quarter.
ITC said its FMCG segment posted a robust performance, with revenue growth of 12% YoY. The dairy, snacks, noodles and frozen snacks categories grew 20%, while the personal care products segment recorded mid-teen growth.
“Q1 FY27 witnessed elevated uncertainty in the operating environment amid the ongoing West Asia conflict, which led to a sharp rise in crude oil and crude-linked product prices, increased price volatility, and significant disruptions across trade and supply chains,” the company said.
ITC said consumption demand across both rural and urban markets remained resilient during the quarter. However, it flagged imported inflation as a key near-term concern. The company noted that India is facing a significant monsoon deficit, along with lower Kharif sowing levels compared with the previous year. It added that variations in the distribution and progress of the monsoon would remain important factors to monitor.
ITC’s atta business performance was tempered by transient factors, including heat waves, LPG shortages and benign wheat prices.
However, the company witnessed a sharp rebound in notebook sales, with the segment’s EBITDA margin improving by 55 basis points.
The cigarette business reported an 81% year-on-year increase in revenue to Rs 15,384 crore. Meanwhile, ITC’s agribusiness revenue declined 17% YoY to Rs 8,082 crore in the first quarter of FY27, impacted by trade disruptions arising from the West Asia conflict and an unfavourable base effect.
–ENDS–
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