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ITC reports 16% rise in net profit at Rs 5,180.12 crore in Q1 FY24, ET Retail

ITC s revenue from operations declined to Rs 18,639.48 crore in Q1 FY24 as against Rs 19,831.27 crore in Q1 FY23. However, its FMCG businesses have witnessed robust growth in both urban and rural markets driven by superior consumer insights, purposeful innovation, portfolio premiumization, enhanced distribution footprint, last-mile execution, and leveraging digital initiatives. ....

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ITC Reports 17.6% Hike In Net Profit To Rs 4,903 Cr For Q1 Amid Strong Demand For Consumer Goods In Urban And Rural Markets

 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. ....

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