ITC Limited — Important, 22-05-2025: General Updates

ITC has announced a board meeting to approve the financial results for the quarter and half-year. The company posted 10.2% YoY growth in full-year gross revenue and 2.3% YoY rise in EBITDA despite inflationary pressures. FMCG showed strong growth in staples, snacks, personal care, and agarbatti. Cigarette revenue grew 7.1% on volume and premiumization, while agri-business expanded 25%, driven by tobacco and value-added exports. ITC completed the Hotels business demerger and is advancing FMCG acquisitions, including the purchase of Aditya Birla’s pulp and paper unit to enhance scale and diversification.