Millennium Post

ITC’s Q3 profit soars 10% to Rs 2,635 crore

Diversified conglomerate ITC on Wednesday reported a 10.47 per cent rise in its net profit at Rs 2,635 crore for the third quarter ended December 31, 2014. The Kolkata-headquartered firm had posted a profit of Rs 2,385.34 crore in the corresponding quarter a year earlier.

Net sales increased by marginal 2.05 per cent to Rs 8,800.22 crore as against Rs 8,623.11 crore in the same period last year, ITC said in a BSE filing.

Earnings from the company's fast-moving consumer goods (FMCG) business, including cigarettes, increased by 4.23 per cent to Rs 6,456.06 crore, while that from the non-fast-moving consumer goods business section grew by 0.31 per cent to Rs 9,582.95 crore.

Shares of ITC were trading at Rs 359 on the BSE in afternoon trade, down 3.29 per cent from the previous close.

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