ITC consolidated profit up 30% at Rs 3,343 crore in June quarter

Cigarettes-to-hotels major, ITC, reported a 30.24 per cent increase in consolidated profit in the June quarter on the back of a 36 per cent increase in revenue from operations compared to the year-ago period.

Consolidated profit for the quarter ended June stood at Rs 3,343.44 crore. It was at Rs 2,567.07 crore in the corresponding quarter of the previous year.

Consolidated revenue from operations stood at Rs 14,240.76 crore compared to Rs 10,478.46 crore reported in the same quarter last year. Sequentially, however, revenues were down 7.5 per cent and profits by 12.4 per cent.

The company said that there