itc shares gain traction post q2fy25 results net profit revenue margin agribusiness hotels cigarette volumes share price bse nse target

ITC stock price, ITC Q2FY25 earnings: Shares of the cigarettes-to-hotels conglomerate ITC are acceptable to summation traction successful Friday's commercialized (October 25) aft the bluechip institution released its Q2 net post-market hours connected the erstwhile day. Ahead of its earnings, the banal ended little by astir 2 per cent astatine Rs 471.85 apiece connected the BSE.

Kolkata-headquartered FMCG large for the 4th ended September 30, 2024 posted an in-line nett net of Rs 5,078.3 crore, marking an on-year summation of 3.1 per cent.  Zee Business analysts had pegged the company's nett net astatine Rs 5,079 crore.

Nevertheless, connected the top-line front, the institution posted a amended acceptable of numbers with gross for the reporting 4th coming successful astatine 19,328 crore, up 16.8 per cent year-on-year (YoY), arsenic against Zee Business probe estimates astatine Rs 17,772 crore for the September quarter. According to a regulatory filing, the gross bushed was mostly driven by the company's agri and edifice units. 

ITC said it staged a resilient performance amid a challenging operating situation owing to subdued request conditions, unusually dense rains successful parts of the country, precocious nutrient ostentation and crisp escalation successful definite input costs. 

Also read: ITC Q2 FY25 Results: Cigarettes-to-hotels conglomerate clinches Rs 5,078 crore profit, successful enactment with estimates

Here's however planetary brokerages presumption ITC banal station its Q2 earnings

Nomura has continued with its 'buy' standing connected the banal and a slashed people of Rs 555 arsenic against the earlier Rs 575. The brokerage noted that the institution reported bully sales, nonetheless, margin witnessed unit crossed segments during the reappraisal period.

Volumes successful the cigaret concern accrued 3 per cent YoY arsenic against the estimates astatine 2.5 per cent but margins took a deed by 145 bps. Also, portion the maturation successful the FMCG conception of 5.4 per cent was in-line, margins slipped 37 bps. The company's hotels concern emerged beardown during the July-September quarter, insubstantial income besides improved and agri concern surprised.

Another starring brokerage Jefferies besides continued with its 'buy' stance connected the antagonistic with the people reduced to Rs 550 from the earlier Rs 585.