Logo


ITC Q2 net profit rises 12% to Rs 29.55 bn, meets Street estimates

ITC saw robust growth in nearly all its major business verticals

ITC

Led by robust growth in nearly all its major business verticals, cigarette-FMCG major ITC Ltd met Street estimates to post an 11.9 per cent growth in its net profit for the quarter ended September 31, 2018, at Rs 29.55 billion. The same during the corresponding quarter of the previous financial year stood at Rs 26.40 billion.   Its gross revenue from the sale of products and services stood at Rs 110.95 billion during the second quarter of the current financial year as against Rs 96.76 billion earned in the similar quarter of the last financial year. However, ITC said that ...