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ITC Q2 profit up 8.7% to Rs 2,425 cr, revenue disappoints

Net sales jumped 14.8 percent (lower than expected) to Rs 8,930 crore in the quarter ended September 2014 compared to Rs 7,776 crore in same quarter last year.

ITC Q2 profit up 8.7% to Rs 2,425 cr, revenue disappoints

The News International Team

Cigarettes to FMCG and hotels major  ITC matched street expectations with the second quarter net profit climbing 8.7 percent year-on-year to Rs 2,425 crore supported by other income and higher revenue. The profit in the year-ago period was Rs 2,230.5 crore.

Net sales jumped 14.8 percent (lower than expected) to Rs 8,930 crore in the quarter ended September 2014 compared to Rs 7,776 crore in same quarter last year.

Profit was estimated at Rs 2,458 crore on revenue of Rs 9,063 crore for the quarter, according to the average of estimates of analysts polled by CNBC-TV18.

More to come…

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