ITC Q3 Results: Revenue Up 30% But Higher Expenses Hurt Margin
ITC Ltd.’s profit in the quarter-ended December rose, surpassing analyst estimates, even as margin contracted on higher expenses. Net profit of the consumer goods maker—also India’s largest cigarette maker—rose 15% over the preceding quarter to Rs 4056.7 crore, according to its filing with stock exchanges. The consensus of analysts' estimates tracked by Bloomberg was Rs 3,951.7 crore.