Flying high on agri-business and well-known packaged foods (FMCG), ITC Ltd serrated up a net earnings of Rs 5061 crore in the Q2, trailing up by 16.3 per cent.

Whilst the pre-tax proceeds of the group inclined by 22.7 per cent to Rs. 1830 crore, post-tax profits recorded a development of 23.5 per cent at Rs. 1247 crore. Further the Earnings per Share (EPS) for the quarter remained at Rs
1.63.

As per the ITC official spokesman, the operating profits from Non-Cigarette businesses had developed by 37 per cent from Rs. 307 crore in Sept -09 to Rs 421crore during Sept- 10. The group accredited this to vigorous performance by Non-Cigarette FMCG production. The sector proceeds in FMCG business has in fact went up by 22.2 per cent and that as well with enhanced productivity.

Considerably for the group the revival sustained in the Hotels division with returns and profits mounting by 20 per cent and 26 per cent in that order, the spokesman added.