Reuters logo
ITC Ltd first-quarter profit rises 7.4 percent, misses estimates
July 27, 2017 / 1:32 PM / 5 months ago

ITC Ltd first-quarter profit rises 7.4 percent, misses estimates

(Reuters) - Cigarettes-to-biscuits maker ITC Ltd reported a 7.4 percent increase in quarterly profit, helped by higher sales from its cigarettes segment.

A man talks on his mobile phone as he walks past an ITC office building in Kolkata September 4, 2012. REUTERS/Rupak De Chowdhuri/Files

Profit rose to 25.61 billion rupees ($399.47 million) in its first quarter ended June 30, from 23.85 billion rupees a year earlier, India's biggest cigarettes maker said on Thursday. bit.ly/2ePSVDp

Analysts on average had expected the company to post a profit of 25.81 billion rupees, according to Thomson Reuters data.

Revenue from operations rose about 4 percent to 138 billion rupees, while revenue from its cigarettes segment grew 6.6 percent.

($1 = 64.1100 Indian rupees)

Reporting by Vishal Sridhar in Bengaluru; Editing by Biju Dwarakanath

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below