ITC Q1 net shoots 24.51 per cent to Rs 1,332.72 crore

Diversified business firm ITC on Thursday posted a 24.51 per cent increase in net profit to Rs 1,332.72 crore for the quarter ended June 30, 2011.

The company had registered a net profit of Rs 1,070.31 crore for the quarter ended June 30, 2010, ITC said in a filing to the Bombay Stock Exchange.

During the period under review, the company's net sales surged by 19.56 per cent to Rs 5,767.47 crore from Rs 4,823.59 crore in the corresponding quarter last fiscal.

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Segment-wise, the firm's FMCG business, which includes its cigarette, foods, personal care and other products, witnessed revenue growth of 17 per cent to Rs 4,071.32 crore during the period.

While revenue from ITC's hotel business stood at Rs 230.46 crore, its agri-business achieved a revenue of Rs 1,701.14 crore during the quarter.

Shares of ITC were trading at Rs 204 on the BSE, up by 1.59 per cent from their previous close.