ITC Q2 profit rises 12% YoY to Rs 2,955 crore, beats Street estimates

Current-News

FMCG major ITC on Friday posted 11.92 per cent year-on-year rise in profit at Rs 2,954.67 crore for the quarter ended September 30. It had posted a profit of Rs 2,639.84 crore in the corresponding quarter last year.

Analysts in an ET Now poll had estimated the profit figure at Rs 2,897 crore.

Total income of ITC increased 14.80 per cent YoY to Rs 11,776.63 crore.

Segmentwise, revenue from cigarette business jumped 10.36 per cent YoY to Rs 5,026.06 crore in Q2FY19 against Rs 4,554.21 crore in Q2FY18. Revenue from hotel and agri business increased 20.78 per cent YoY and 12.79 per cent YoY, respectively.