ITC Shares Edge Higher on Strong Q1 Revenue Growth Despite Market Challenges
ITC Limited shares ROSE 0.37% to ₹418 amid mixed market reactions to its Q1 earnings report. The conglomerate posted 20% YoY revenue growth to ₹20,911 crore, with cigarettes and agri-business segments driving performance. Net profit reached ₹4,912 crore despite headwinds in paperboard packaging from import competition.
The stock's 52-week range of ₹390.15-₹528.50 reflects ongoing volatility in consumer staples. Trading volume hit 87.13 lakh shares worth ₹364 crore, suggesting cautious investor Optimism about ITC's diversified portfolio resilience.