ITC, a multi-business conglomerate having presence in cigarettes, hotels, speciality papers and packaging, has posted a rise of 17.36 per cent in its profit after tax for the quarter ended June 30, 2009 at Rs 878.70 crore as compared to Rs 748.67 crore in the corresponding quarter a year ago. The company's total income during the period stood at Rs 4,220.49 crore as against Rs 4,014, up 5.14 per cent.
The company in a statement said, "As a result of the restructured product portfolio, profitability of the agri-business continued to be robust despite lower revenues. Whilst margins improved, investments in brand building in the Personal Care and Branded Foods business continued to impact the segment results of ‘FMCG-Others’."
On the Bombay Stock Exchange, the company's shares were trading at Rs 231.20, up 6.13 per cent at 1452 IST.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app