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ITC expects consumption uptick on rains, rate cuts
Hindustan Times Bengaluru
|May 23, 2025
March quarter profit jumps 289% on hotels demerger, up 0.77% without it
NEW DELHI: ITC Ltd on Thursday predicted India's consumption engines to keep firing as inflation cools, interest rates fall, and rain clouds gather, following a similar prognosis by industry leader Hindustan Unilever Ltd.
Consumption spending is expected to rise steadily as a good monsoon powers a continued rural recovery, the maker of Bingo chips and Gold Flake cigarettes said; alongside, lower inflation and the recent income tax cut are expected to boost disposable incomes in towns and cities. The company expects India's macro-economic variables to remain stable in the year ahead.
Cette histoire est tirée de l'édition May 23, 2025 de Hindustan Times Bengaluru.
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