Zee Media Bureau
India`s fourth-biggest company by market value ITC Ltd on Tuesday reported 16 percent increase in net profit at Rs 2,186.4 crore for the first quarter ended June 30.
India`s largest cigarette maker had posted net profit of Rs 1,891 crore in the corresponding quarter a year ago.
Net sales during the period under review increased by 25 percent to Rs 9,164.4 crore, compared to Rs 7338.52 crore in the same period of previous fiscal, ITC Ltd said in a filing to BSE.
Shares of FMCG major ITC fell by 0.11 percent after first quarter results.
With agency inputs
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