ITC Reports 21.2% Jump in Net Profit at Rs 1836.42 Crore; No Impact on Cigarette Sales Despite Increase in Taxes

Source from:  The Economy Times  10/22/2012

ITC Ltd reported 21.2% jump in net profit at Rs 1836.42 crore for the second quarter ended September 30, on back of 19.6% growth in net sales at Rs 7146 crore. The Kolkata-based marketer's non-cigarette FMCG business, comprising of packaged food, personal care, lifestyle retail and stationery products, registered robust revenue growth of 26.4% at Rs 1690 crore and reduced losses by 45% at Rs 30.31 crore over same period last year. boosting the company's over-all profitability. Enditem