Revenue from operations increased 2.6 per to ₹16,550 crore

Revenue from operations increased 2.6 per to ₹16,550 crore

Revenue from operations increased 2.6 per to ₹16,550 crore

Tobacco-to-hotels conglomerate ITC, on Thursday, reported a 10.3 per cent increase in year-on-year (YoY) net profit for the September quarter to Rs 4,927 crore, beating estimates.

Revenue from operations increased 2.6 per to ₹16,550 crore. This was 16,129.9 crore in the year ago period.

This was the first quarterly results for the fast-moving consumer goods (FMCG) major after its board approved the demerger of ITC hotels.

The company witnessed strong year-on-year growth in atta, spices, personal wash, notebooks, pens and agarbatti.

"Sharp escalation in costs of leaf tobacco and certain other inputs, along with increase in taxes, (were) largely mitigated through improved mix, strategic cost management and calibrated pricing," the company said.

Shares of ITC closed at Rs 450.05 a piece on Thursday, down 0.35 per cent