ITC is scheduled to release its Q2 earnings on October 24, 2024. Analysts predict a 3% increase in cigarette volumes, with a particular focus on demand trends in urban areas versus rural markets and competitive pressures.
The diversified conglomerate, which operates in sectors such as hotels and cigarettes, is expected to report a revenue of Rs 17,986 crore, representing an 8.7% YoY increase from Rs 16,550 crore in the same quarter of FY24. Net profit is projected to rise to Rs 5,107 crore, a 3.7% increase from Rs 4,927 crore in the corresponding quarter last year, potentially positioning ITC as the revenue leader among its listed peers.