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What should investors do with ITC post Q3 results: Buy, sell or hold the stock?

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

February 04, 2022 / 09:42 AM IST
 
 
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ITC share price rose in the early trade on February 4, a day after the company came out with its December quarter earnings.

ITC, 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, up by 12.7 percent against Rs 3,687.88 crore reported in the year-ago period.

The 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.