ITC Reports 17.6% Hike In Net Profit To Rs 4,903 Cr For Q1 Amid Strong Demand For Consumer Goods In Urban And Rural Markets
Indias ITC Ltd reported a better-than-expected profit in the first quarter on Monday as it kept a tight lid on expenses and saw strong demand for consumer goods in its urban and rural markets. Net profit at the cigarettes-to-hotels conglomerate rose 17.6% to 49.03 billion rupees ($590.28 million) in the three months ended June 30 from 41.69 billion a year earlier.
Source: india.com
