ITC's FMCG show still tepid, Street shrugs off cigarettes, hotels bounce

Investors of ITC were disappointed by the September-quarter performance even as the cigarette-to-FMCG conglomerate posted double-digit growth in revenues and net profit. As the Covid wave receded in the country, ITC witnessed recovery in the cigarette and hotel businesses, while the FMCG and agribusinesses posted subdued performances. The ITC stock closed 5.5% lower on Thursday.

via Economictimes