India's ITC gains on quarterly profit beat

ITC

31/10/2025 04:55

** Shares of Indian consumer goods major ITC ITC.NS rise 1.5% to 424 rupees, highest since Sept. 4

** Co beats Q2 profit view, posts 5.4% rise in standalone profit y/y, rev rises 7.1%

** Nomura says co's performance in fast moving consumer goods sector better than peers, sees paperboard sales to recover in H2

** Jefferies says cigarette volumes better than peers, says FMCG segment beats estimates

** Macquarie expects cigarette margin pressure to ease in H2

** Brokerage highlights co's continued strength in cigarette volume and recovery in paper business

** Stock rated "buy" on avg by 37 analysts covering it; median PT at 491 rupees- data compiled by LSEG

** YTD, however, ITC down 7%

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))