NEW DELHI :ITC Ltd on Monday outperformed expectations with a 17.5% rise in standalone net profit for 30th June quarter, helped by lower expenses. However, an ongoing ban on wheat export and a more recent ban on rice export hurt standalone revenue for the quarter that fell 7.2% to ₹16,995.49 crore from ₹18,320.16 crore a year ago.
ITC known for its Gold Flake cigarettes and Bingo chips, posted net profit of ₹4,902.74 crore for the quarter ended Profit up from ₹4,169.38 crore a year ago. The figures topped ₹4,817 crore estimate.
ITC beats record estimates with 17.5% serprise in June quarter profit.
