ITC second-quarter profit rises about 6 percent

India`s biggest cigarette maker ITC Ltd posted a nearly 6 percent rise in quarterly profit on Friday, helped by lower costs.

Profit rose to 26.40 billion rupees ($406.03 million) in the second quarter ended Sept. 30, from 25 billion rupees a year earlier, the company said. http://bit.ly/2lmhURC

Analysts on average had expected a profit of 26.44 billion rupees, according to Thomson Reuters Eikon data.

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The company, which also makes Sunfeast biscuits and Classmate stationery, said its expenses for the quarter fell about 39 percent to 63.14 billion rupees. ($1 = 65.0200 Indian rupees)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)