ITC's Q2 profit increased by 3% year-on-year to ₹5,078 crore, but its operating margin fell short of expectations. The company's ability to maintain profitability in a volatile market is still a challenge.
On the other hand, IndusInd Bank saw a significant decline in its Q2 profit, dropping 39.2% year-on-year to ₹1,325.5 crore, compared to ₹2,181.5 crore in the previous year. This decline raises concerns about the bank's financial health.
While specific financial details were not disclosed, investors are closely monitoring the performance of Godrej Consumer Products in the current economic conditions.