ITC Q1 net profit rises 12.7% to Rs 3,436.51 crore, revenue up 6.35%

The performance comes at a time when demand from both the urban as well as rural economies has been sluggish

Meeting street expectations, cigarettes to hotels major ITC Ltd posted a 12.70 per cent increase in its net profit at Rs 3,436.51 crore during the quarter ended June 30, 2019 even as its revenue from operations grew by 6.353 per cent at Rs 12,657.90 crore amidst sluggish demand conditions. 

The same during the corresponding quarter of the 2018-19 fiscal year stood at Rs 3,049.38 crore and Rs 11,881.87 crore, respectively. The street was expecting a 10-14 per cent rise in the company’s profits.

The performance comes at a time when demand, from both, the urban as well as rural economies,