ITC net profit up by 8.6 percent in 2014-15

Kolkata-based diversified group, ITC on Friday said its net consolidated profit during 2014-15 rose by 8.62 percent at Rs.9,765.63 crore compared to Rs.8,990.62 crore in 2013-14.

The total income from operations during the period under review rose by nearly 10 percent at Rs.38,834.81 crore compared to the earning of Rs.35,317.08 crore.

The net profit from the sale of cigarettes for the fiscal rose marginally by nearly two percent at Rs.6,348.29 crore compared to Rs.6,227.72 crore during 2013-14. The profit from its other FMCG goods registered a far better growth at Rs.4,051.48 crore - up by 18.49 percent against Rs. 3,419.11 crore in 2013-14.

Profits from its hotels business also surged by nearly 17 percent at Rs.4,944.01 crore against Rs.4,225.75 crore in 2013-14. Its paperboards and packaging segment also earned a net profit of Rs.5,423.70 crore - a marginal increase of two percent compared to Rs.5,313.08 crore in 2013-14.

The agro business, however, saw a marginal decline by 3.63 percent at Rs.2,097.42 crore in the review period compared to Rs.2,176.48 crore in 2013-14.

In Q4 of 2014-15, the standalone net revenues increased marginally by 0.5 percent at Rs.9,292.78 crore against Rs.9,238.52 crore in the corresponding timeframe in 2014.