ITC on Thursday reported a 37.06 per cent rise in consolidated net profit at Rs 4,173.72 crore for the second quarter ended September 30, driven mainly by paperboards, hotels and FMCG-others business.
The company had posted a net profit of Rs 3,045.07 crore in July-September quarter a year ago, the FMCG major said in a regulatory filing.
Its net sales rose 6.16 per cent to Rs 12,759.44 crore during the quarter under review from Rs 12,018.61 crore in the corresponding quarter a year ago.
“Gross revenue for the quarter stood at Rs 11,750.16 crore, representing a growth of 6 per cent, driven mainly by paperboards, hotels and FMCG-others (excluding the lifestyle retailing business),” ITC said in a statement.
Total expenses for the quarter under review rose 4 per cent to Rs 8,455.16 crore from Rs 8,129.19 crore a year ago.
Revenue from FMCG business grew 5.78 per cent to Rs 9,138.13 crore from Rs 8,638.60 crore in the September quarter a year ago.