ITC’s quarterly net profit rises 22.4 percent
January 20th, 2012 - 3:51 pm ICT by IANSMumbai, Jan 20 (IANS) FMCG major ITC Friday reported a 22.4 percent rise in net profit at Rs.1,701 crore for the quarter ended Dec 31, beating analyst forecasts.
The company also witnessed a healthy topline growth. Total income of the cigarettes-to-hotels conglomerate went up 15.3 percent to Rs.6,533 crore in the quarter under review, compared to Rs.5,665 crore in the previous corresponding quarter.
The FMCG business, including cigarettes, saw an 18 percent rise in net revenues at Rs.4,603 crore.
The company’s hotels business posted a marginal fall of 1 percent, while the agri business grew 10 percent helped by depreciation of the rupee.
The ITC scrip, however, fell on the Bombay Stock Exchange on concerns of moderating volume growth. The stock was ruling 3.59 percent lower at Rs.201.35.
- ITC Ltd quarterly net profit increases 24.5 percent - Jul 28, 2011
- ITC quarterly net profit grows 26 percent - May 25, 2012
- ITC fourth quarter net profit up 24.6 percent - May 20, 2011
- ITC's second quarter net up 21.46 percent - Oct 24, 2011
- ITC third quarter net profit up 27 percent - Jan 22, 2010
- ITC quarterly profit rises by 21.41 percent - Jan 21, 2011
- ITC Ltd Q4 profit up by 27.1 percent - May 21, 2010
- Godrej Industries quarterly net profit rises 45 percent - Jul 30, 2011
- ITC net profit rises 25.81 percent in second quarter (Lead) - Oct 23, 2009
- Hindustan Unilever quarterly net profit rises 21.7 percent - Oct 31, 2011
- ITC net profit up 25.81 percent - Oct 23, 2009
- Hindustan Unilever's second quarter profit up 32.10 percent - Oct 25, 2010
- Infosys profits from weak rupee, lowers dollar guidance (Lead) - Jan 12, 2012
- Infosys lowers guidance for fiscal 2013 (Lead) - Apr 13, 2012
- Britannia's net profit rises 27.3 percent - Aug 06, 2011
Tags: agri business, analyst forecasts, bombay stock exchange, cigarettes, conglomerate, crore, depreciation, hotels, itc, net profit, rs 1, rs 6, rupee, scrip, topline growth, volume growth