ITC Q4 net up 19% on robust sales growth

Diversified business conglomerate ITC today posted a 19.4% year-on-year rise in its net profit for three months from January till March 2013 to R1,927.98 crore, from Rs 1,614.36 crore during the same period last year, driven by robust performance in cigarettes, FMCG and agriculture businesses.

Diversified business conglomerate ITC on Friday posted a 19.4% year-on-year rise in its net profit for three months from January till March 2013 to Rs 1,927.98 crore, from Rs 1,614.36 crore during the same period last year, driven by robust performance in cigarettes, FMCG and agriculture businesses.

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Net sales of the company grew 19.22% to Rs 8,180 crore from Rs 6,861.35 crore in the same period of previous fiscal.

It’s cigarettes business grew 11.5% to Rs 3,623 crore from Rs 3,249.88 crore during the same period of previous fiscal. Its non-cigarettes FMCG business grew by 26% to Rs 2,036.20 crore from Rs 1,616.50 crore last year. Revenues from agri business grew by 31 % to Rs 1,854.46 crore from R1,414.22 crore last year.