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Time of India
2 hours ago
- Time of India
ITC reports marginal decline in June quarter net profit, revenue surges 19%
ITC Ltd on Friday reported a marginal decline in standalone net profit at Rs 4912.36 crore (Rs 4917.4 crore) for the first quarter ending June, while standalone revenue from operations surged by 19.7% year-on-year (yoy) at Rs 21,058.9 crore which the company attributed to the cigarette, fast moving consumer goods (FMCG) and agri businesses. The conglomerate said in its earnings release that early signs of recovery in urban demand were visible during the quarter, while rural consumption continued to demonstrate resilience. ITC said expectations of a normal monsoon and kharif crop sowing trends augur well for the rural economy. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Operations Management Product Management Management Data Analytics PGDM MCA Technology healthcare Data Science Cybersecurity Healthcare CXO others MBA Project Management Leadership Degree Artificial Intelligence Design Thinking Digital Marketing Others Finance Data Science Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details The first quarter performance of ITC was largely in line with street estimates. While the results were declared after share market trading hours, the ITC scrip closed on Friday at a gain of 1.14% at Rs 416.5 per share at the BSE when the benchmark Sensex fell by 0.72%. ITC's flagship cigarette business net segment revenue went up 7.6% yoy in the second quarter at Rs 8520 crore. The country's largest cigarette manufacturer said the premium cigarette brands continue to perform well while it reinforced its market standing through market interventions with focus on competitive belts and to counter illicit trade. The cigarette business segment profit before interest and taxes (PBIT) went up by 3.7% yoy at Rs 5145.2 crore. The company said consumption of high-cost leaf tobacco inventory weighed on margins while there is a moderation in procurement prices in the current crop cycle. ITC's FMCG business net segment revenue was up by 5.2% yoy at Rs 5777 crore. The company said excluding the notebook business which continues to operate under deflationary conditions due to low-priced paper imports and stiff competition from local brands, the business grew revenue by 8.6% yoy. Categories like staples, biscuits, dairy, premium personal wash, homecare and agarbattis sales drove growth, while the beverage business was impacted by unseasonal rains. The FMCG business EBITDA (earnings before interest, taxes, depreciation and amortisation) was Rs 545.5 crore as compared to Rs 619.3 crore a year back. ITC said prices of major commodities such as edible oil, wheat, maida, cocoa and soap noodles remained elevated on a yoy basis which weighed on margins. The company's agri business segment revenue was up by 39% yoy at Rs 9685 crore driven by trading opportunities in bulk commodities and exports of leaf tobacco. The segment PBIT was up 22% yoy at Rs 433.8 crore. The paperboards, paper and packaging segment revenue was up 7% yoy at Rs 2115.7 crore driven by higher volumes, while segment PBIT declined to Rs 162.6 crore from Rs 261.3 crore a year back. ITC said muted realisations and high wood prices impacted margins. At a consolidated level, ITC's gross revenue was up by 19.5% yoy at Rs 23,129.3 crore while net profit up by 5% yoy at Rs 5343.4 crore. The company attributed this to 'strong performance' by group companies led by its IT business ITC Infotech, Surya Nepal and the hotels entity ITC Hotels Ltd .
Time of India
3 hours ago
- Time of India
PC Jeweller Q1 Results: Profit rises 4% to Rs 162 crore, revenue up at Rs 808 crore
P C Jeweller Ltd on Friday reported a 4 per cent increase in its consolidated net profit to Rs 161.93 crore for the quarter ended June 2025. Its net profit stood at Rs 156.06 crore in the year-ago period. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Degree Product Management others Healthcare Artificial Intelligence Technology Finance Operations Management Digital Marketing Project Management Leadership healthcare Data Analytics MCA MBA CXO Cybersecurity Data Science Others PGDM Design Thinking Management Data Science Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo Total income surged to Rs 807.88 crore during the April-June period of 2025-26 fiscal from Rs 439.78 crore in the corresponding period of the preceding year, according to a regulatory filing. Last month, the company's board approved a plan to raise Rs 500 crore equity from promoters and Capital Ventures Pvt Ltd to prepay its loan, as part of its plan to become debt-free by the end of this fiscal. Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned. Live Events The company had posted a net profit of Rs 577.70 crore and a total income of Rs 2,371.87 crore during the entire 2024-25 fiscal.
Time of India
5 hours ago
- Time of India
Secure your journey with travel insurance from Aditya Birla Capital Digital
Comprehensive coverage: Offers protection against medical emergencies, trip cancellations, baggage loss, and more, ensuring peace of mind during international travel. User-friendly experience: Enables quick policy purchase and management through a seamless journey on the ABCD App. 24/7 assistance: Provides round-the-clock support for emergencies, including medical evacuations and travel disruptions. Academy Empower your mind, elevate your skills Tailored plans: Offers customisable insurance plans to suit various travel needs, including individual, family, student, and senior citizen options. Travel Insurance is hassle-free, has customisable coverage and offers 24/7 support; to ensure you navigate flight delays, medical emergencies, and unexpected costs with global tourism rebounding to near pre-pandemic levels in 2025, travellers are embracing international journeys with renewed enthusiasm. As the world becomes more interconnected, ensuring a holistic travel insurance is essential to navigate flight disruptions, skyrocketing medical expenses, and evolving traveller needs. From covering missed connections and emergency evacuations to serving as a smart financial safeguard, travel insurance on the ABCD App delivers comprehensive protection at accessible price points, making it an indispensable component of modern travel to the United Nations World Tourism Organisation, international arrivals surpassed 2019 figures in 2024, signalling a full recovery of global tourism (2% above 2019 levels) by the end of 2024. Despite this resurgence, major airports continue to grapple with delays: in Europe alone, average flight delays rose to 24 minutes in July 2024, 38% higher than in 2019, even without significant strikes or any severe weather staff shortages, and extreme weather have driven an 18% increase in global flight cancellations and delays over the past year. For travellers, missing an international connection can mean hundreds or even thousands of dollars in last-minute re-bookings and overnight stays. Travel insurance can cover these costs, such as re-booking fees and additional accommodation, saving passengers from out-of-pocket expenses that often range from $500 (~ INR 42,000) to $2,000 (~ INR 1,70,000) per care overseas can be prohibitively expensive. In the United States, for example, an average emergency room visit now costs approximately $2,715 (~ INR 2,30,000). For injuries or illnesses in remote locations, medical evacuation to the nearest equipped facility can cost over $50,000 (~ INR 42,00,000). Comprehensive travel insurance policies typically cover hospital bills, doctor consultations, and emergency evacuations, protecting travellers from financial devastation following unexpected health international trip costs rising exponentially, unexpected disruptions can pose significant financial risks. Experts advise viewing travel insurance as a core component of trip planning rather than an optional extra. On average, comprehensive policies cost between 2% and 5% of total trip expenses, making it a relatively small investment to protect against big international travel surges, travel insurance remains the most practical defence against financial surprises. Securing a policy is no longer merely a recommendation but an essential part of smart trip preparation. By choosing travel insurance via the ABCD App, travellers can focus on the joys of travel, confident that their finances are protected every step of the way.
