ITC Ltd : Strong FMCG Growth Boosts Business Outlook

ITC Limited reported strong performance in its Q2 FY27 results, supported by robust growth in its FMCG and non-cigarette businesses. - FMCG Growth: FMCG revenue recorded its highest growth in 14 quarters, with strong demand across biscuits, snacks, noodles, spices and personal care products. - Revenue Performance: Consolidated revenue increased 19% year-on-year, marking the fourth consecutive quarter of double-digit revenue growth. - Paper Business: Paper segment revenue surged 36% YoY, while segment profit (PBIT) increased 48%. - Cigarette Business: The segment continued to face pressure due to higher taxation and competition from illicit cigarette trade. - Latest Update: On November 13, ITC announced an allotment of shares under its Employee Stock Option Schemes. Market Outlook: Strong FMCG growth and improving paper business performance are positive developments for ITC. However, pressure on cigarette volumes and rising input costs remain key concerns for investors.