ITC on Monday reported an 18.7 per cent year-on-year (YoY) rise in its net profit at Rs 3,481.90 crore for the quarter ended March 2019. The company had logged profit of Rs 2,932.71 crore in the year-ago period.
Total income from operations stood at Rs 12,946.21 crore, up 14.26 per cent against Rs 11,329.74 crore in the corresponding quarter of the previous fiscal.
The company also appointed managing director (MD) Sanjiv Puri as the chairman, who will replace YC Deveshwar, who passed away on Saturday.
The consumer conglomerate beat analysts estimates on PAT front as Reliance Securities, in its results preview note, had peggged the net profit at Rs 3,178.7 crore, an 8.4 per cent YoY growth.
The company's board has also recommended dividend of Rs 5.75 per Ordinary Share. Ebitda grew 10.3 per cent YoY to Rs 4,752 crore while Ebitda margin stood at 39.1 per cent against 38.1 per cent in the year-ago period.
Revenue from FMCG segment came in at Rs 8,759.84 crore, up 9.6 per cent as against Rs 7,988.27 crore in the previous year quarter. Basic earnings per share (EPS) during the period came in at Rs 2.84 against Rs 2.41 in the March quarter of FY18.
At 03:09 pm, the stock was trading over 2 per cent lower at Rs 291.05 apiece on the BSE.