Diversified conglomerate ITC on FRiday posted a 16.25 per cent rise in net profit at Rs. 2,385.34 crore for the third quarter ended December 31 after robust sales across its FMCG and agri-business verticals.
The Kolkata-headquartered firm had posted a profit of Rs. 2,051.85 crore in the corresponding period a year earlier.
Net sales rose 13.05 per cent to Rs. 8,623.11 crore from Rs. 7,627.07 crore, ITC said in a statement.
Earnings from the company’s FMCG business climbed 20.52 per cent to Rs. 2,662.99 crore while net sales increased to Rs. 6,193.89 crore.
The company recorded an 18.98 per cent increase in its agri business profit at Rs. 205.40 crore on net sales of Rs. 1,786.37 for the third quarter, driven by higher realisation and superior mix.
The hospitality business posted a profit of Rs. 62.20 crore on net sales of Rs. 315.44 crore.
ITC’s paperboards, paper and packaging business earned Rs. 231.69 crore on revenue of Rs. 1,257.43 crore.
