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ITC June quarter profit flat at ₹4,917 cr, revenue rises 7.2% to ₹18,220 cr | Mint

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ITC Ltd reported a 0.30% rise in standalone net profit for the June quarter, missing market expectations. Net profit stood at ₹4,917.45 crore, slightly higher than the previous year but falling short of the estimated ₹5,160 crore. However, revenue from operations grew by 7.2% to ₹18,219.74 crore, exceeding estimates. The company remains optimistic about consumption demand, citing moderating inflation, improving agri terms of trade, and government initiatives. Expenses increased by 10.8% during the quarter, impacting the overall margins of the company. The FMCG segment (excluding cigarettes) saw 6.3% growth in revenue.