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ITC has posted a 17.6% year-on-year jump in its net profit for the quarter ended June at ₹4,902.7 crore even as its board approved allotment of one share of its soon-to-be demerged hotel business for every 10 shares held in the company. ....
Apart from cigarettes, FMCG and hotels businesses are also set to fire. Brokerages expect 15 percent revenue growth for FMCG and 72 percent for hotels on a low Omicron-impacted base ....