ITC Q2 net profit up 21.46 pc at Rs 1,514.31 crore

NEW DELHI: Diversified business firm ITC today posted 21.46 per cent rise in net profit at Rs 1,514.31 crore in the second quarter ended September 30.

The company, which sells personal care brands like 'Fiama Di Wills', 'Vivel' and 'Superia' had a net profit of Rs 1,246.74 crore in the quarter ended September 30, 2010, ITC said in a filing to the BSE.

During the July-September quarter this fiscal, the firm's net sales rose by 17.52 per cent to Rs 5,974.18 crore from Rs 5,083.48 crore posted in the same period last fiscal.

While the firm's FMCG segment, which includes its cigarette business, had a 19.49 per cent jump in its net revenue to Rs 4,308.80 crore, its hotel business revenue rose marginally by one per cent to Rs 211.14 crore.

The company's net revenue from agri-business stood at Rs 1,434 crore, while sales in paperboards, paper and packaging segment generated a revenue of Rs 1,005.42 crore.

Meanwhile, ITC shares were trading at Rs 206.50 on the BSE, up 1.40 per cent from the previous close.