ITC net profit up 25.81 percent

Mumbai, Oct 23 - Tobacco, hospitality and paper products giant ITC posted a 25.81 percent increase in net profits at Rs. 1,009.91 crore for the quarter ended Sep 30, compared to Rs. 802.72 crore in the corresponding quarter the last fiscal.

Its total income grew 11.08 percent to Rs. 4,413.72 crore in the period under review from Rs. 3,973.12 crore in the like period a year ago, it said in a regulatory statement Friday.

ITC's net revenues from the cigarettes business rose to Rs. 2,199.69 crore for the quarter from Rs. 1,812.09 crore.

Net revenues from fast moving consumer goods (FMCG) business increased to Rs. 3,063.02 crore from Rs. 2,569.54 crore earlier. (IANS)