Companies

ITC third quarter net up 27 per cent at Rs. 1,144 crore

ITC has achieved a net profit of Rs. 1,144.17 crore for the quarter ended December 31, 2009 against Rs. 903.21 crore, an increase of 27 per cent over the corresponding period in the previous year. Net sales have risen to Rs. 4,531.85 crore from Rs. 3,833.31 crore. The profit before interest and other income has increased to Rs. 1,552.77 crore from Rs. 1,233.84 crore. For the nine months ended December 31, 2009, the company achieved a net profit of Rs. 3,032,78 crore against Rs. 2,454.60 crore. Net sales have risen to Rs. 12,907.12 crore from Rs. 11,496.30 crore. Non-cigarette FMCG segment registered a revenue growth of 24 per cent, paper and pulp investments leveraged to improve value and margins. The profit from agri business more than doubled driven by robust leaf tobacco exports.

The income from hotel business remain flat due to weak global economic recovery, although sequential improvement has begun, says a company release.

The branded packaged foods business grew by 24 per cent during the quarter. In the personal care product division, research and product development are being leveraged innovatively. The education and stationery products business achieved a growth of 33 per cent. The Classmate brand has extended its franchise with additional portfolio of scholastic products.


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Printable version | Sep 27, 2021 2:08:11 PM | https://www.thehindu.com/business/companies/ITC-third-quarter-net-up-27-per-cent-at-Rs.-1144-crore/article16839089.ece

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