ITC net soars 16% on robust sales by FMCG, agri biz
18 Jan 2014 6:08 AM IST
Diversified conglomerate ITC on Friday posted a 16.25 per cent rise in net profit at Rs 2,385.34 crore for the third quarter ended 31 December, 2013 after robust sales across its FMCG and agri-business verticals.
The firm had posted a profit of Rs 2,051.85 crore in the same period a year earlier. Net sales rose 13.05 per cent to Rs 8,623.11 crore from Rs 7,627.07 crore, ITC said. Earnings from the company's FMCG business, including cigarettes, climbed 20.52 per cent to Rs 2,662.99 crore while net sales rose to Rs 6,193.89 crore. ITC's cigarettes brands, including 'Classic' and 'Gold Flake,' registered a gain of 18.76 per cent in earnings at Rs 2,652.64 crore.
The firm had posted a profit of Rs 2,051.85 crore in the same period a year earlier. Net sales rose 13.05 per cent to Rs 8,623.11 crore from Rs 7,627.07 crore, ITC said. Earnings from the company's FMCG business, including cigarettes, climbed 20.52 per cent to Rs 2,662.99 crore while net sales rose to Rs 6,193.89 crore. ITC's cigarettes brands, including 'Classic' and 'Gold Flake,' registered a gain of 18.76 per cent in earnings at Rs 2,652.64 crore.
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