Pressure on its cigarettes segment notwithstanding, ITC Ltd on Thursday reported a 18.1% year-on-year rise in net profit to Rs. 1,891 crore during the April-June quarter driven by good performance across business verticals.
ITC’s net sales during the period rose 10.6% to Rs. 7,339 crore against Rs. 6,652 crore a year ago.
Revenue from FMCG business rose 11% to Rs. 5,282 crore during the quarter compared to Rs. 4,777 crore a year ago.
Revenue from non-FMCG business, including hotels, agri business and paperboard, paper and packaging, rose 20.8% to Rs. 3,602 crore.