ITC Limited — Important, 24-10-2024: General Updates

ITC Limited reported resilient Q2 FY25 results with a 16% year-over-year increase in gross revenue, driven by strong performances in the Agri Business and Hotels segments. The FMCG sector grew 5.4%, aided by staples and snacks, despite challenges from high food inflation and heavy rains. The Hotels segment saw a 12.1% revenue rise, while Agri Business revenue soared 47%. However, the Paperboards segment faced headwinds due to low-priced imports and rising wood costs.