INSUBCONTINENT EXCLUSIVE:
Analysts on average expected a net profit of Rs 2,845 crore.
Country's biggest cigarette maker ITC Ltd posted a better-than-expected quarterly profit on Wednesday, helped by a fall in
excise duty.Profit for the quarter ended March 31 came in at Rs 2,933 crore ($432.44 million) from Rs 2,669 crore reported last year, the
company, which also makes biscuits and noodles under the Sunfeast brand, said.Analysts on average expected a net profit of Rs 2,845 crore,
according to Thomson Reuters data.Revenue from operations fell 28 per cent to Rs 10,813 crore, while excise duty paid was down about 94 per
