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FMCG Jan, 22 2015

ITC records over 10 per cent profit in third quarter

Net sales increased by marginal 2.05 per cent to Rs 8,800.22 crore as against Rs 8,623.11 crore in the same period last year, ITC said in a BSE filing.

By Franchise India Bureau
ITC records over 10 per cent profit in third quarter

ITC, the FMCF major has reported over 10.47 per cent rise in third quarter which ended December 2014, reported PTI.
The Kolkata based company has reported net profit at Rs 2,635 crore for the third quarter ended December 31, 2014.

ITC has earlier posted a profit of Rs 2,385.34 crore in the corresponding quarter a year earlier.

Net sales increased by marginal 2.05 per cent to Rs 8,800.22 crore as against Rs 8,623.11 crore in the same period last year, ITC said in a BSE filing.

Earnings from the company's FMCG business, including cigarettes, increased by 4.23 per cent to Rs 6,456.06 crore, while that from the non-FMCG business section grew by 0.31 per cent to Rs 9,582.95 crore.

Meanwhile, ITC’s share was trading at Rs 359 on the BSE in afternoon trade, down 3.29 per cent from the previous close.

Related: Maggi row: Nestle violated laws, voices Maharashtra FDA

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