INSUBCONTINENT EXCLUSIVE:
FMCG major ITC on Friday posted 11.92 per cent year-on-year rise in profit at Rs 2,954.67 crore for the quarter ended September 30
It had posted a profit of Rs 2,639.84 crore in the corresponding quarter last year.
Analysts in an ET Now poll had estimated the profit
figure at Rs 2,897 crore.
Total income of ITC increased 14.80 per cent YoY to Rs 11,776.63 crore.
Segmentwise, revenue from cigarette
business jumped 10.36 per cent YoY to Rs 5,026.06 crore in Q2FY19 against Rs 4,554.21 crore in Q2FY18
Revenue from hotel and agri business increased 20.78 per cent YoY and 12.79 per cent YoY, respectively.
Shares of the company were trading
3.71 per cent down at Rs 276.60 after the announcement of financial results, while the benchmark BSE Sensex was down 0.81 per cent at
