ITC Poised To Deliver Encouraging Performance Going Forward: Axis Securities

ITC has offset the unprecedented rise in raw material costs by undertaking focused cost-management measures across the value chain

Range of products manufactured by ITC Ltd. (Source: Company website)

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Axis Securities Report

ITC Ltd. reported a healthy performance across segments despite a challenging operating environment driven by Covid-19 induced uncertainty and volatility as well as due to historically high inflationary headwinds, geopolitical tensions, and supply chain disruptions which led to high ocean freight.

However, ITC mitigated the unprecedented increase in key input prices by undertaking focused cost-management measures across the chains as well as through premiumisation, product mix enrichment, judicious pricing actions, and fiscal incentives.

Click on the attachment to read the full report:

Axis Securities ITC Annual Analysis-2022.pdf
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