Key Business Metrics1 Revenue: up +9.3% to $9.14Bn (vs. $9.2Bn expected). Surpassed the $9Bn threshold for the first-time Adjusted diluted EPS: up +20.3% to $1.67 (vs. $1.61 expected) Adjusted operating income margin: 40.8% (still 0.7pp below Q3 2022) Total volume: up +2.2% to 193.6Bn (HnB volume: +18% to 32.5Bn; cigarette...
ITC: Q2 FY24 Results
Key Business Metrics1 Gross revenue is up +3.4%. Gross revenue (excluding wheat & rice exports) is up +8.9%. Wheat & Rice exports: Geopolitical tensions & climate emergencies raise concerns on food security and trade restrictions are imposed by the Government (stock limits on wheat, ban on non-basmati rice exports and...