INSUBCONTINENT EXCLUSIVE:
Analysts on average had expected a profit of Rs 2,934 crore.ITC Ltd, the country's biggest cigarette maker, posted a near 12 per cent rise
in September-quarter profit on Friday, boosted by higher cigarette revenue
Profit was Rs 2,955 crore ($403.03 million) in the quarter ended September 30, compared with Rs 2,640 crore a year earlier, the maker of
Sunfeast biscuits and Classmate stationery said
Analysts on average had expected a profit of Rs 2,934 crore, according to Refinitiv Eikon data.Revenue from cigarettes rose more than 10 per
cent to Rs 5,026 crore in the second quarter, with revenue from operations rising 15.45 per cent to Rs 11,273 crore.
