Net sales grew 24.9 percent, higher-than-expected, to Rs 9,164.4 crore in the quarter ended June 2014 compared to Rs 7,339 crore in corresponding quarter of last fiscal.
Cigarette-to-hotel-to-FMCG major ITC met street expectations with the first quarter (April-June) net profit rising 15.6 percent year-on-year to Rs 2,186.4 crore aided by strong revenue growth in cigarette, agri and paper businesses.
Net sales grew 24.9 percent, higher-than-expected, to Rs 9,164.4 crore in the quarter ended June 2014 compared to Rs 7,339 crore in corresponding quarter of last fiscal.
According to CNBC-TV18 poll estimates, analysts had expected to report net profit at Rs 2,229 crore on revenue of Rs 8,484 crore for the quarter.
More to come....
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ITC Q1 profit rises 15.6%; revenue beats estimates, up 25%
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ITC Q1 profit rises 15.6%; revenue beats estimates, up 25%
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