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Dolat Capital Report
ITC Ltd.’s FY24 annual report analysis suggests an improvement in profitability despite a marginal decline in revenue. Ebitda increased from Rs 239.4 billion in FY23 to Rs 244.8 billion, while operating revenue slightly fell from Rs 702.5 billion in FY23 to Rs 701.1 billion. Ebitda percentage improved marginally to 34.9% in FY24 from 34.1% in FY23.
FMCG segments, i.e. FMCG -cigarettes, FMCG - others and the Hotels division reported revenue growth, while agri and paper and packaging segments saw a revenue decline. The company launched over 100 new products in the years covering health and nutrition, hygiene, protection and care, convenience and on-the-go, indulgence etc.
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