ITC

ITC has strengthened its presence in India’s hospitality sector with the launch of a Welcomhotel property in Dehradun, marking a strategic expansion into one of North India’s fastest-growing urban and tourism hubs. The new hotel reflects ITC’s broader strategy of tapping emerging cities with rising demand for premium accommodation driven by business travel, weddings, and leisure tourism.

Diversified conglomerate ITC Ltd reported a net profit of Rs 5,186.5 crore for the second quarter (Q2), reflecting resilience across its core businesses despite a challenging economic backdrop. The company’s robust performance was supported by steady growth in its FMCG, hotels, and agri-business divisions, even as its cigarettes segment faced subdued demand. Revenue came in at Rs 17,705.5 crore, demonstrating stability amid cost pressures and market headwinds.