Largely in line with street estimates, diversified conglomerate ITC Ltd on Thursday posted a 4.09 per cent year-on-year increase in standalone net profit in the second quarter of this fiscal at ₹5,179.82 crore, as profitability of its non-cigarettes FMCG business, and paperboards and paper business came under pressure during the period.

The Kolkata-headquartered conglomerate had posted a net profit of ₹4,975.85 crore in Q2FY25 on the basis of continued operations. Notably, the conglomerate’s hotel business was demerged into ITC Hotels with effect from January 1, 2025.

During the second quarter of this fiscal, ITC’s revenue from operations on the basis of continuing operations fell 2.4 per cent y-o-y at ₹19,381.99 crore from ₹19,858.75 crore in the year-ago period, on the back of a 31.2

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