ITC net profit up to 30.24%, cigarette income up to Rs 5802.67 crore | ITC net profit up 30.24%, cigarette income up to Rs 5802.67 crore

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ITC Limited has released the June quarter results for the financial year 2021-22. The company’s consolidated net profit grew by 30.24% to Rs 3,343.44 crore during April-June. The company’s net profit stood at Rs 2,567.07 crore in the same quarter last year.

According to an exchange filing, the company’s operating income grew by 35.91% to Rs 14,240.76 crore in the June quarter, as against Rs 10,478.46 crore in the same period last year. The company’s total expenses stood at Rs 10,220 crore as against Rs 7,967.71 crore in the same period of FY 2020-21.

Income from FMCG increased by 23.86%
ITC’s income from FMCG during the April-June quarter grew by 23.68% to Rs 9,534.07 crore. Which was Rs 7,709 crore in the same quarter last year.

Cigarette income up 34%
The company’s cigarette income increased by 34% to Rs 5,802.67 crore. While it was Rs 4,330 crore in the same quarter of the last financial year.

Effect of second wave of covid
According to ITC, the economic situation was challenging due to the lockdown and restrictions imposed due to Kovid-19 in many states. In the January-March quarter of 2020-21, cigarette income reached pre-Covid levels.

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