Standalone revenue from operation grew 11.97 per cent YoY to Rs 13,553.52 crore compared with Rs 12,103.75 crore in the corresponding quarter last year.
Margin for the quarter came in at 36.2 per cent.
After significant disruptions in Q1, cigarette volumes witnessed smart recovery with exit volumes at near pre-Covid levels, ITC said.
“The quarter witnessed broad-based recovery in sales across markets and channels. Reduction in the intensity of the pandemic along with a pick-up in the pace of vaccination led to improvement in the demand environment and consumer sentiment during the quarter. However, unprecedented inflation in key input costs coupled with significant disruptions in global supply chains and logistics weighed on the operating environment,” ITC said in a press release.
The cigarette segment reported a 10.2 per cent growth in revenue at Rs 5,642 crore compared with Rs 5,121 crore in the same quarter last year.
Hotel business reported a 2.6 times jump in revenues at Rs 295 crore compared with Rs 82 crore YoY. Agri business revenues fell 7 per cent to Rs 2,776 crore from Rs 2,985 crore YoY.
. Paperboards volumes hit record high while revenue for the segment rose 25.4 per cent.to Rs 1,830 crore from Rs 1,459 crore YoY.
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