ITC Q1 net rises 18% to Rs 1,891 crore

Pressure on its cigarettes segment notwithstanding, ITC Ltd on Thursday reported a 18.1% year-on-year rise in net profit to R1,891 crore during the April-June quarter driven by good performance across business verticals.

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.

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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.