​​​
  1. India’s ITC Ltd Q1 profit rises 7.4 per cent, misses estimates

India’s ITC Ltd Q1 profit rises 7.4 per cent, misses estimates

Cigarettes-to-biscuits maker ITC Ltd reported a 7.4 percent increase in quarterly profit, helped by higher sales from its cigarettes segment.

By: | Published: July 27, 2017 7:31 PM
itc ltd profit percent, itc ltd copany profits, thomson reuters data itc ltd revenue  Cigarettes-to-biscuits maker ITC Ltd reported a 7.4 percent increase in quarterly profit, helped by higher sales from its cigarettes segment. (Source: Reuters)

Cigarettes-to-biscuits maker ITC Ltd reported a 7.4 percent increase in quarterly profit, helped by higher sales from its cigarettes segment. Profit rose to 25.61 billion rupees ($399.47 million) in its first quarter ended June 30, from 23.85 billion rupees a year earlier, India’s biggest cigarettes maker said on Thursday.

Analysts on average had expected the company to post a profit of 25.81 billion rupees, according to Thomson Reuters data.Revenue from operations rose about 4 percent to 138 billion rupees, while revenue from its cigarettes segment grew 6.6 percent.($1 = 64.1100 Indian rupees)

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top