ITC Ltd first-quarter profit rises 7.4 percent, misses estimates
Cigarettes-to-biscuits maker ITC Ltd reported a 7.4 percent increase in quarterly profit, helped by higher sales from its cigarettes segment.
Profit rose to 25.61 billion rupees ($399.47 million) in its first quarter ended June 30, from 23.85 billion rupees a year earlier, India`s biggest cigarettes maker said on Thursday. http://bit.ly/2ePSVDp
Analysts on average had expected the company to post a profit of 25.81 billion rupees, according to Thomson Reuters data.
Revenue from operations rose about 4 percent to 138 billion rupees, while revenue from its cigarettes segment grew 6.6 percent.($1 = 64.1100 Indian rupees)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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