The company posted robust growth in external businesses led by wheat, rice, leaf tobacco, aqua and spices exports

ITC has posted the standalone financial results for the quarter ended September 30, 2021. The company delivered strong performance across all operating segments during the quarter. The gross revenue stood at Rs. 13,356.15 crores representing a growth of 11.1 per cent y-o-y while PAT has been registered at Rs 3,697.18 crores, which grew by 13.7 per cent y-o-y. Earnings Per Share for the quarter was Rs 3.

The company posted robust growth in external businesses led by wheat, rice, leaf tobacco, aqua and spices exports.

Margin expansion was driven by favourable business and customer mix:
• Shortage in the availability of shipping containers/port congestions and inclement weather towards the end of the quarter delayed customer call-offs.
• The business leveraged the e-Choupal network to provide strategic sourcing support to the branded packaged foods businesses with sharply aligned procurement strategies in line with category-relevant market dynamics.
• ‘Astra’, the  AI/ML and advanced analytics-based digital platform that enables spatial and temporal sourcing optimisation, is being increasingly leveraged for competitively superior sourcing of agri-commodities.  
• Business remains focused on its strategy to rapidly scale up its value-added products portfolio to accelerate growth and enhance value capture. Export of high-quality spices to food safe markets continued to gain strong traction.