ITC Q2 net profit up 23.4 per cent to Rs 1,247 crore

MUMBAI: Diversified business firm ITC today posted a 23.45 per cent jump in its net profit to Rs 1,246.74 crore for the quarter ended September 30, 2010 over the same period last fiscal.

The company had a net profit of Rs 1,009.91 crore for the quarter ended September 30, 2009, ITC said in a filing to the Bombay Stock Exchange.

During the period, the company's net sales stood at Rs 5,061.20 crore, 16.28 per cent increase from Rs 4,352.26 crore in the corresponding quarter last fiscal.

During the quarter, while revenue from its cigarette business increased to Rs 2,550.11 crore from Rs 2,259 crore recorded in the year-ago period, its other FMCG business had 22 per cent jump to Rs 1,055.61 crore.

Under the FMCG segment, the group sells personal care products under brands like Fiama Di Wills, Vivel Di Wills, Vivel and Superia.

While revenue from its hotel business grew by around 20 per cent to Rs 208.94 crore during quarter, its agri business recorded 21.5 per cent increase to Rs 1,249.62 crore.