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.
