ITC says Q4 profit rises 19.5%, meets estimates | business | Hindustan Times
Today in New Delhi, India
Apr 25, 2017-Tuesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

ITC says Q4 profit rises 19.5%, meets estimates

business Updated: May 17, 2013 13:47 IST

The country's largest cigarette maker, ITC Ltd, posted a 19.5% jump in quarterly net profit on Friday, meeting market expectations.

ITC, which makes four out of every five cigarettes sold in the country, said net profit rose to 19.28 billion rupees ($352 million) for the quarter ended March 31, from 16.14 billion rupees a year earlier.

Analysts on average had expected earnings of 19.08 billion rupees, according to Thomson Reuters I/B/E/S.