In fact, the firm’s mainstay cigarettes business was a star performer last quarter on both revenues and profitability. The upshot: the company’s standalone Ebitda rose as much as 50% year-on-year to Rs3,990 crore. For the quarter, cigarettes earnings before interest and tax (Ebit) increased by 37%, contributing 84% of the company’s total Ebit. Even as FMCG Ebit rose 16% year-on-year, note that higher input costs pose a risk, going ahead. ITC’s paperboards saw year-on-year revenue and Ebit growth of 54% and 145%, respectively.

Source: Mint July 26, 2021 05:03 UTC