ITC Q1 net up 12.69 per cent

Mumbai: FMCG major ITC on Friday reported a 12.69% rise in its consolidated net profit at Rs 3,436.51 crore for the first quarter ended June 2019. The company had posted a net profit of Rs 3,049.38 crore in the April-June quarter of the previous fiscal. Net sales during the quarter under review stood at Rs 12,532.31 crore as against Rs 11,745.68 crore in the corresponding period a year ago, higher by 6.69%, ITC said in a regulatory filing.

Total expenses for the said period were at Rs 8,113.67 crore as compared with Rs 7,667.62 crore, up 5.81%. The company’s operating margin expanded to 39.69% in April-June from 38.64% a year ago. Total revenue from operations for the quarter rose 5.8% to Rs 11503 crore. Shares of ITC Friday settled at Rs 264.60 apiece on the BSE, down 1.12% from their previous close.

(For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal

www.freepressjournal.in