ITC net profit up 10% in Q4

Kolkata, May 16 (IANS): Cigarette-to-FMCG major ITC Ltd on Wednesday reported a close to 10 per cent increase in net profit to Rs 2,932.71 crore in the quarter ended on March 31, compared with Rs 2,669.47 crore in the year-ago period.

On a comparable basis, gross sales during the quarter stood at Rs 17,933.48 crore, representing a growth of 3.5 per cent, over Rs 17,315.75 crore in the corresponding period of 2016-17.

Its board of directors recommended dividend of Rs 5.15 per ordinary share of Re 1 each for the financial year ended on March 31, 2018.

The company posted a standalone net profit of Rs 11,223.25 crore in 2017-18, up by 10 per cent from Rs 10,200.90 crore in previous financial year.