10 February 2025
ITC-Paper division’s Q3 FY25 profit drops by 30% amid subdued realizations and a surge in wood prices
ITC-PSPD’s Q3 FY25 profit fell 30.6% YoY to INR 205 crore despite a 3.1% revenue rise to INR 2,144 crore, hit by low-priced imports, weak demand, and rising wood costs. The company is mitigating challenges through portfolio expansion, exports, and cost management, with strong growth in Value-Added Paperboards and the launch of ‘FiloBev Mini’, a plastic-free cup alternative. Efforts to address wood shortages, boost sustainability, and engage policymakers continue, while ‘Classmate’ notebooks strengthened their market position through premiumization and digital innovation.