ITC enjoys all round growth across various business segments


ITC Ltd enjoyed an increase of 21 per cent in its net profit in the quarter ended December 31, 2012, thanks to an all round growth across the FMCG giant's various business segments.
ITC-Ltd
Strong performance in cigarette, non-cigarette as well as agri-business segments pushed the company's net profit to Rs 2,052 crore in the three months through December, from Rs 1,701 crore in the corresponding period of the previous year.
Net sales jumped 23 per cent year-on-year, from Rs 6,195 crore to Rs 7,627 crore; while profits, on a sequential basis, jumped 12 per cent from Rs 1,836 crore in the three months ended September 30, 2012.
V Srinivasan, research analyst at Angel Broking, said the company's quarterly figures were better than their expectations.
Commenting on the figures, Srinivasan said, "We estimated Rs 7200 crore and it has come in at about Rs 7600 crore. Same is the case with the net profit numbers. It has come ahead of our estimates."
Losses from the FMCG business dropped from Rs 47 crore to Rs 24 crore, while revenues from this segment jumped to Rs 5,440 crore. The cigarettes category contributed Rs 3,657 crore. The cigarette category volume grew nearly 1.5 per cent, while the margins from the segment jumped by around 400 basis points.
Stock in ITC gained 0.67 per cent to Rs 287.05 a share on the Bombay Stock Exchange (BSE) on Friday.

Comments

Post a Comment

Popular posts from this blog

Top MBA Colleges in Chennai

These  Rankings  given as per  the basis of Academic reputation,Student to Faculty ration,Placement Record,Training,Students reviews,Employer Reputation,Quality in Teaching,Infrastructure,Library and Labs,Location of college and Other minor factors.In below list you can find the Best and Top  MBA Colleges in Chennai Ranking. Top 20 MBA Colleges in Chennai: 1.Bhajarang Engineering College 2.Asiel Academy 3.PSN College of Engineering and Technology 4.Bharath Institute of Science and Technology 5.Indian Institute of Technology – IIT Madras 6.Bishops College of Nursing 7.St Peters Engineering College 8.Bridge Educational Services Private Limited 9.St Josephs College of Engineering 10.BS Abdur Rahman Crescent Engineering College 11.Sakthi Mariamman Engineering College 12.Citygate Consultants Private Limited 13.Sri Ram Engineering College 14.Dhanalakshmi Srinivasan Engineering College 15.Jerusalem College of Engineering 16.Dha...
Read more

Best Eye Hospitals in INDIA

List of Best Top Eye Hospitals in India Here is more detailed list of best medical hospitals in India. Do note that there are many other super specialty hospitals offering various kind of eye surgery and treatment in India and the below list is just a small fraction of them. Sankara Nethralaya Eye Hospital Chennai "Sankara Nethralaya" is an eye hospital in chennai India Offering a broad coverage of ophthalmologic care to local, as well As international patients. its a non profit missionary institution With research programme. URL -  http://www.sankaranethralaya.org/index.html L V Prasad Eye hospital & Institute, Hyderabad L V Prasad Eye hospital, Hyderabad is one of top eye hospitals in India and non-profit organization governed by the Hyderabad Eye Institute HEI) and the Hyderabad Eye Research Foundation (HERF). The mission of the Eye Institute is to provide affordable and competent eye care to all sections of society. Is the top most eye care hospital in so...
Read more

Bhairava Kona Temple

Image
Bhairava Kona is located in the middle of dense  Nallamala Forest  near to Ambavaram-kothapalli villages. The place is close to the borders Nellore and prakasam districts.  It is situated at a distance at 12kms from Onipenta a small village that comes on the way of Mydukur-Porumamilla bus route. There is a legend about the origin of the name of 'Bhairava Kona'. It is said that a shepherd named Bhairava Kondiah sacrificed his head to god as his desire was not fulfilled... Thus the body of the Bhairava Kondiah and the Mondi sila (headless trunk) were buried here and hence it became the place of worship and the place from then was called as "Bhairava Kona". Bhairava - Name of the shepherd and Kona - Small pond. Bhairava Kona is one of the famous  Religious Place In Andhra Pradesh .  This Temple  is said to be constructed in 7th and 8thcentury A.D during the period of pallavas. This may be perhaps only one temple in India where Brahma,...
Read more