India's ITC beats profit estimates on higher cigarettes, consumer goods demand

ITC

01/08/2025 12:57

Corrects to say profit fell, not rose, in paragraph 2

Aug 1 (Reuters) - Indian consumer goods conglomerate ITC ITC.NS reported a slightly better-than-expected first-quarter profit on Friday, buoyed by strong demand in its mainstay cigarettes and consumer goods business.

The company, which also sells instant noodles and other food products, said its standalone quarterly profit fell to 49.12 billion rupees ($561.68 million) for the quarter ended June 30 from 49.18 billion rupees a year earlier.

Analysts, on average, had expected 49.1 billion rupees, according to data compiled by LSEG.

($1 = 87.4520 Indian rupees)

 (Reporting by Praveen Paramasivam, Ananta Agarwal and Chandini Monnappa in Bengaluru; Editing by Sonia Cheema)

 ((Ananta.agarwal@thomsonreuters.com;))