NEED ADVICE ON JOB OFFER DILEMMA!!

I find myself in a rather perplexing situation at work and could use some impartial advice. Currently, I am employed at an Indian e-commerce firm where I have put in a lot of hard work. However, during the recent annual cycle, I was not promoted, and my salary hike was disappointingly meager (CCTC 14.5LPA). Naturally, I expressed my concerns to my manager, who advised me to wait until the mid-cycle as my promotion case would be reconsidered then.

In the meantime, I actively sought out new opportunities, and I have received an enticing offer from a Consumer Packaged Goods (CPG) firm with a significantly higher compensation of 24LPA. This is substantially more than what I'm currently earning, but less than my expected CTC that is around 28-30LPA.

The confusion lies in the fact that my current firm has now initiated the promotion feedback process, and it's possible that I may get the promotion soon. I'm now torn between two choices: do I stay at my current job, potentially get the promotion, and then reconsider switching, or do I seize the opportunity at the CPG firm with the better financial package?

I understand that both options have their pros and cons, but I'm finding it challenging to make a decision on my own. Any advice or insights you could provide would be immensely helpful in guiding me through this tough decision-making process.

YoE: 4.1 Years Domain: Analytics

Thank you in advance for your understanding and support.