ITC reports business recovery despite near-term risks due to Covid
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Exploring acquisitions, says ITC chairman Puri
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Exploring acquisitions, says ITC chairman Puri
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
The hotel business showed a 38 per cent drop in revenue due to the pandemic.
02 Jun, 2021 - 08:35 AM IST | By indiantelevision.com Team
New Delhi: ITC Ltd on Tuesday reported a consolidated net profit of Rs 3,816.84 crore for the fourth quarter ended March 2021.
The cigarette-FMCG-to-hotel major had posted a net profit of Rs 3,926.46 crore during the January-March quarter of the previous fiscal, according to the regulatory filing. The revenue from operations rose to Rs 15,404.37 crore during the quarter under review. It was Rs 12,560.64 crore in the corresponding period of 2019-20.
However, ITC said its results for this quarter are not comparable with the earlier period as it also includes the revenue of Sunrise Foods, which it had acquired on 27 July last year. The financial results of the group and FMCG Others of the quarter and the financial year ended on 31 March 2021 include those of Sunrise from 27 July 2020 and consequently are not comparable wit