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ITC Ltd.’s cigarettes sales witnessed growth of 33%, largely contributed by volume recovery from the lockdown impacted base quarter (~40% volume decline).
Some of the markets like Kerala, Odisha and North East remain partially impacted by the second wave.
Cigarette Ebit grew 37%. Segment margins were up 210 basis points.
ITC’s fast moving consumer goods sales witnessed growth of 10.4% on the back of high demand for hygiene products and strong recovery of discretionary products from the low base last year.
FMCG Ebitda grew 16% with a 40 bps improvement in margins. High commodity prices resulted in slower improvement in margins during the quarter.
Education and stationary remained impacted due to closure of educational institutions.
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