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ITC's first quarter net profit up 15.6 percent

Posted on Jul 29 2014 | IANS

Mumbai, July 29 : Fast moving consumer goods (FMCG) major ITC Tuesday reported a rise of 15.6 percent in its net profit for the first quarter of the current fiscal which stood at Rs.2,186.39 crore from Rs.1,891.33 crore in the corresponding quarter of last fiscal.

The conglomerates' total income in the period under review grew by 24.54 percent at Rs.9,482.84 crore from Rs.7,613.88 crore for the quarter ended June 30, 2013.

Net sales increased by 24.88 percent for the quarter ended June 30, 2014 to Rs.9,164.42 crore, compared to Rs.7,338.52 crore in the corresponding quarter of 2013-14.

The company's scrip at the Bombay Stock Exchange (BSE) had closed Monday's trade at 0.40 points or 0.11 percent down at Rs.356.70 from its previous close at Rs.357.10.

The BSE was closed for trade on Tuesday on account of Idu'l Fitr.

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