ITC Q1 net profit rises 12.69% to Rs 3,436.51 cr; net sales up 6.69%

FMCG major ITC on Friday reported a 12.69 per cent rise in its consolidated net profit at Rs 3,436.51 crore for the first quarter ended June 2019.

The company had posted a net profit of Rs 3,049.38 crore in the April-June quarter of the previous fiscal.

Net sales during the quarter under review stood at Rs 12,532.31 crore as against Rs 11,745.68 crore in the corresponding period a year ago, higher by 6.69 per cent, ITC said in a regulatory filing.

Total expenses for the said period were at Rs 8,113.67 crore as compared with Rs 7,667.62 crore, up 5.81