ITC's registers 17% Q1 profit, lags forecast | india | Hindustan Times
Today in New Delhi, India
Jan 20, 2017-Friday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

ITC's registers 17% Q1 profit, lags forecast

india Updated: Jul 21, 2006 11:07 IST
Reuters
Reuters
None
Highlight Story

India's biggest tobacco maker ITC Ltd posted a 17 per cent rise in quarterly profit on higher prices of cigarettes and fast growth of other consumer goods businesses, including hotels and foods.

ITC, in which British American Tobacco Plc owns 31.7 per cent, said that net profit rose to Rs 6.52 billion from 5.58 billion reported in 2005.

The gain, however, lagged the forecast of a net profit of Rs 6.62 billion in a poll of 10 brokerages.

tags

<