ITC net profit up 10 per cent in 4th quarter
KOLKATA: FMCG major ITC on Wednesday reported a close to 10 per cent increase in net profit to Rs2,932.71 crore in the quarter ended on March 31, compared with Rs2,669.47 crore in the yearago period.
On a comparable basis, gross sales during the quarter stood at Rs17,933.48 crore, representing a growth of 3.5 per cent, over Rs17,315.75 crore in the corresponding period of 2016-17.
Its board of directors recommended dividend of Rs5.15 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 cr ore in 2017-18, up by 10 per cent from Rs10,200.90 crore in previous financial year.