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ITC Q3 results | Profit rises 12.7% YoY to Rs 4,156.20 crore, revenue jumps 32.5%

Unprecedented inflation in commodity prices, increase in energy costs and persistent global supply chain disruptions weighed on the macroeconomic environment, said the company.

February 03, 2022 / 09:59 PM IST
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ITC Ltd, India’s largest cigarette manufacturer and an FMCG major, on February 3 reported a standalone profit after tax (PAT) of Rs 4,156.20 crore for the December quarter, upby 12.7 percent against Rs 3,687.88 crore reported in the year-ago period. It beat the street expectations by ~5 percent.

The fast moving consumer goods company had reported a profit of Rs 3,697.18 crore in the September quarter.

The standalone revenue (excluding excise duty) came in higher by 32.5 percent at Rs 15,862.32 crore, compared to Rs 11,969 crore in the same quarter of the previous year. Revenue in the quarter ending September 2021 stood at Rs 12,533.6 crore. The revenues are higher by ~20 percent compared to consensus estimates.

Economic activity gathered further momentum during the quarter with the decline in Covid caseload intensity.