ITC Ltd net profit up by 7.4% in Q1

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Kolkata, July 27 (IANS) FMCG major ITC Ltd on Thursday reported a 7.4 per cent increase in its net profit at Rs 2,560.50 crore for the quarter ended June 30, 2017 as compared to Rs 2,384.67 crore in the corresponding quarter last year.

Its revenue from operations during the quarter under review increased by 4.1 percent to Rs 13,800.42 crore as compared to Rs 13,253.06 in the year-ago period.

The company’s revenue from cigarettes grew by 6.6 percent to Rs 8,774.16 crore in the June quarter from Rs 8,230.60 crore in the same period last year.

The stock price of ITC, which announced earnings after market hours, closed at Rs 288.65, down 1.62 percent on the BSE.

–IANS

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