ITC Q1 profit upsurges 10% YoY to Rs 2,819 cr, meets Street estimates

Net sales jumped 9.20 per cent YoY to Rs 10,874 crore in Q1FY19 over Rs 9,954.60 crore in Q1FY18. ETNow poll had projected net sales of Rs 10,812 crore for the FMCG major.
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ITC on Thursday posted 10.08 per cent rise in profit at Rs 2,818.68 crore for the quarter ended June 2018. It has posted a profit of Rs 2,560.50 crore in the corresponding quarter last year.

ETNow poll had predicted a net profit of Rs 2,805 core for the quarter under review.

Net sales jumped 9.20 per cent YoY to Rs 10,874 crore in Q1FY19 over Rs 9,954.60 crore in Q1FY18. ETNow poll had projected net sales of Rs 10,812 crore for the FMCG major.

Consolidated EBITDA stood at Rs 4,200 crore for the quarter under review as against ETNow poll of Rs 4,070 crore.

Revenue from cigarettes and FMCG business stood at Rs 5,127.59 crore and Rs 2,870 crore, respectively, for the quarter under review.

Gross sales value (net of rebates and discounts) advanced 1.32 per cent on YoY basis.

 
 
 
 
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