Indias ITC Ltd reported a better-than-expected profit in the first quarter on Monday as it kept a tight lid on expenses and saw strong demand for consumer goods in its urban and rural markets. Net profit at the cigarettes-to-hotels conglomerate rose 17.6% to 49.03 billion rupees ($590.28 million) in the three months ended June 30 from 41.69 billion a year earlier.
ITC Ltd has reported a consolidated net profit of Rs 3,816. 84 crore for the fourth quarter ended March 2021. The cigarette-FMCG-to-hotel major had posted a net profit of Rs 3,926.46 crore during the January-March quarter of the previous fiscal, ITC said in a regulatory filing. Its revenue from oper