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ITC gains 4% after March quarter results; most brokerages maintain 'buy'

The company posted a 4.93 per cent decline in its revenue from operations at Rs 12,560.64 crore during the quarter.

ITC
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The growth in packaged foods is likely to be a silver lining in FY21E, says ICICI Securities.

Swati Verma New Delhi
Shares of ITC, the diversified conglomerate, gained as much as 4 per cent to Rs 203 apiece on the BSE on Monday after the company on Friday reported a 7.75 per cent drop in its profit before tax (PBT) at Rs 4,743.47 crore for the quarter ended March 31. The fall in PBT was due to a sharp decline in consumption, especially in rural areas due to the Covid-19 pandemic.

The company posted a 4.93 per cent decline in its revenue from operations at Rs 12,560.64 crore during the quarter.

ITC's net profit, however, rose 9.18 per cent to Rs

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First Published: Jun 29 2020 | 9:49 AM IST

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