Kolkata-based ITC said net turnover for the quarter increased to Rs 3,166 crore, while profit after tax grew to Rs 717 crore.

The key drivers were the non-cigarette FMCG businesses, which grew by 31% and now account for 52% of the net turnover.

The earnings per share for the quarter was Rs 1.91. The ITC share (face value Re 1) closed at Rs 173.7 on the Bombay Stock Exchange on Wednesday, up 0.75% on the previous closing.

Among ITC's four main segments, branded packaged foods, part of the FMCG business, saw sales increasing by 65% on the figure for the same quarter of the previous year. Lifestyle retailing grew by 38% during the quarter and the stationery business by 27%.

In cigarettes, also part of the FMCG business, ITC said it continued to maintain its leadership position in the market. Revenues grew by 14% to Rs 3,279 crore.

Hotels reported a 28% growth in revenues to Rs 282 crore for the quarter, while segment results increased by 55% to Rs 118 crore compared with the same period of the previous year.

The paperboards, specialty paper & packaging segment continued its growth, with value-added products now accounting for 55% of total sales.

ITC aims to add around 90,000 tonne a year of capacity to the paperboard side, and build a capacity of 100,000 tonne a year in uncoated paper including copier grades.

Agri business segment revenues were up 20% and results up 45% to Rs 22 crore during the quarter.