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Jump to full article: The Times of India, 2009-07-24
Intro: Driven by increase in the FMCG and the paper and packaging businesses, ITC Ltd on Thursday posted 17.4% rise in net profit in the first quarter of this fiscal at Rs 879 crore, even though growth in its overall revenues remained muted.
The company had a net profit of Rs 748.67 crore in the same period last year. The total income of the company during the period rose marginally by 5% to Rs 4220.4 crore from Rs 4014 crore in the same period last fiscal.
Pre-tax profits of the company rose by 18.3% to Rs 1,317 crore during the quarter, a company statement said. ITC said despite the tough economic conditions, FMCG and paper and packaging businesses grew in net revenues by 19% and 16% respectively.
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