ITC Q3 standalone net up 21 at Rs 2,051.85 cr
The company had posted a net profit of Rs 1,700.98 crore in the same period last fiscal, ITC said in a filing to the BSE.
Net sales during the period under review stood at Rs 7,627.07 crore, up 23.1 per cent from Rs 6,196.43 crore in the corresponding period last financial year.
The total FMCG net revenue during the quarter stood at Rs 5,440.06 crore with the cigarettes category accounting for Rs 3,657.36 crore.
Paper, paperboards and packaging business clocked net revenue of Rs 1,061.55 crore in the third quarter. Hotels segment had a net revenue of Rs 309.46 crore, while the agri business posted net sales of Rs 1,630.97 crore.
During the period, the company said its cost of materials consumed increased to Rs 2,374.48 crore against Rs 1,946.22 crore in the year-ago period.
ITC scrips were trading at Rs 287.50 per share, in the afternoon trade, up 0.82 per cent from the previous close on the BSE.
ITC Q3 profit up 21 pct as cigarette volumes improve
MUMBAI, Jan 18 (Reuters) - India's biggest cigarette maker, ITC Ltd, beat estimates with a 21 percent rise in quarterly profit as cigarette volumes improved after four quarters of stagnant growth, aided by the launch of low-cost products during the quarter.
The company's net
Be the first to comment.