- ITC's consolidated net profit fell 27.1% to ₹3,579 crore from ₹4,911 crore, with margin at 26.7% versus 31.7%.
- ITC's revenue fell 14.5% to ₹16,907 crore and Ebitda fell 27.9% to ₹4,514 crore.
- Maruti Suzuki's consolidated net profit fell 10.8% to ₹3,352 crore from ₹3,758 crore, with margin at 8.2% versus 13.1%.
- Maruti Suzuki's revenue rose 35.9% to ₹52,456 crore, while Ebitda fell 14.5% to ₹4,312 crore.
- Within ITC's Q1 results, agri business revenue fell 17% at ₹8,082 crore, total FMCG business rose 53% to ₹21,866 crore, and cigarette revenue rose 81% to ₹15,383 crore.
- Maruti Suzuki reported an all-time high total volume of 682,724 units, up 29.3%, and SUV sales grew 44.6%.
- Maruti Suzuki's market share improved to 41.2%, a 2.3% y-o-y gain driven by good growth in small cars and SUVs.
Today marks one of the busiest days of the season, with over 100 companies announcing results, including ITC and Maruti Suzuki.
ITC reported a 27.1% drop in net profit to ₹3,579 crore, down from ₹4,911 crore, with a 14.5% decline in revenue to ₹16,907 crore. The company's margin fell to 26.7% from 31.7%, and EBITDA decreased 27.9% to ₹4,514 crore from ₹6,261 crore.
Meanwhile, Maruti Suzuki's net profit fell 10.8% to ₹3,352 crore, compared to ₹3,758 crore, with margins shrinking to 8.2% from 13.1%. Despite the profit decline, the company achieved a 35.9% increase in revenue to ₹52,456 crore, up from ₹38,593 crore. Maruti's total volume reached an all-time high of 682,724 units, a 29.3% increase, driven by a 44.6% growth in SUV sales and an improved market share of 41.2%, gaining 2.3% year-on-year.14151617
As the earnings season unfolds, investors are keenly watching these results for insights into the health of the Indian economy.
“ITC's revenue fell 14.5% to Rs 16,907 crore even as cigarette revenue rose 81% to Rs 15,383 crore. Maruti Suzuki posted an all-time high total volume of 682,724 units, up 29.3%, and its market share improved to 41.2%.”
