Diversified business firm ITC today posted a 24.51% increase in net profit to Rs 1,333 crore for the quarter ended June 30, 2011.
The company had registered a net profit of Rs 1,070 crore for the quarter ended June 30, 2010, ITC said in a filing to the Bombay Stock Exchange.
During the period under review, the company's net sales surged by 20% to Rs 5,768 crore from Rs 4,824 crore in the corresponding quarter last fiscal.
Segment-wise, the firm's FMCG business, which includes its cigarette, foods, personal care and other products, witnessed revenue growth of 17% to Rs 4,071 crore during the period.
While revenue from ITC's hotel business stood at Rs 230 crore, its agri-business achieved a revenue of Rs 1,700 crore during the quarter.
Shares of ITC were trading at Rs 204 on the BSE, up by 2% from their previous close.
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