Profit

ITC Posts Profit Of Rs 3,209 Crore In December Quarter, Beats Analysts' Estimates

The Kolkata-based company reported a jump of 14.9% in revenue from operations, while revenue from its cigarettes segment witnessed a 9.6% growth.

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ITC Posts Profit Of Rs 3,209 Crore In December Quarter, Beats Analysts' Estimates

ITC Q3 result: Net profit for the December quarter increased 3.85% on year, according to the company


ITC Ltd, country's biggest cigarette maker, posted on Wednesday a 3.85 per cent rise in December-quarter profit, boosted by higher cigarette sales.

Profit came in at Rs 3,209 crore for the three months ended December 31, 2018, compared with Rs 3,090 crore a year ago.

That came above analysts' estimate of Rs 3,134 crore, according to data on Refinitiv Eikon.

The Kolkata-based company, which also makes Sunfeast biscuits and Classmate stationery items, reported a jump of 14.9 per cent in revenue from operations, while revenue from its cigarettes segment witnessed a 9.6 per cent growth.

Shares in ITC closed 4.8 per cent lower at Rs 276 apiece on the NSE, whose benchmark index Nifty finished down 0.8 per cent.



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