September 08, 2026 12:51 am (IST)

Make this your homepage

All Finance

‘No one can dictate what Bengalis eat’: BJP’s blunt message amid Bageshwar Baba’s Durga Puja food row | Delhi hostel collapse: Owner detained after seven die in Satya Niketan tragedy | No Muslims, Aadhaar card and tilak mandatory: VHP lays down rules for Garba, Dandiya in Maharashtra | 'No non-veg near Durga Puja pandals': Bageshwar Baba's big Bengal appeal sparks controversy | 'Law will take its action': Vijay's zero tolerance on insulting women weeks after Udhayanidhi's arrest | Delhi Metro's big warning to content creators: Don't try this viral stunt or face action | Hindutva influencer Swatantra Bhardwaj detained after viral assault clip; Chirag Paswan’s party files complaint for ‘falsely’ naming him | Bengaluru horror: Woman stripped, assaulted and filmed over unpaid loan interest; 4 arrested | West Bengal CM's big warning: Teacher suspended over tilak row, govt employee punished for PM Modi post | Tragedy on Kerala Highway: 8 Tamil Nadu students killed after car crashes into parked lorry

ITC Ltd's net profits sees a marginal rise in the December quarter

India Blooms News Service | | Jan 22, 2016, at 11:02 pm

Kolkata, Jan 22 (IBNS): Kolkata-based tobacco to FMCG major ITC Ltd, which published its December 2015 quarter results on Friday, said its performance during the reported quarter remained subdued reflecting the severe pressure on legal cigarette industry volumes, lack of trading opportunities in agri-commodities and sluggish demand environment prevailing in the fast moving consumer goods (FMCG) industry.

The company’s net revenue stood at Rs 9,102.66 crores, up from Rs 8800.22 crore posted in the December 2015 quarter. Net Profit at Rs 2652.82 crores registered a meagre increase of 0.7%. Earnings per share for the quarter stood at Rs 3.30.

The company’s revenue in the FMCG-Others Segment was up by 7.1% amidst a sluggish demand environment and supply chain disruption caused by heavy rainfall and floods in Chennai, said the press release.

In the Hotels segment, revenue went up 4.5% aided by healthy growth in occupancy and Food & Beverage revenue but offset by the impact of gestation costs of ITC Grand Bharat and Chennai floods.

The Agri Business segment was affected by the lack of trading opportunities in wheat, coffee and soya coupled with subdued demand for leaf tobacco exports on the back of a decline in global cigarette volumes.

The company said that its Paperboards, Paper & Packaging segment fared well owing to richer sales mix and benign input costs. Domestic industry continues to face pressure on account of reduction of import duty under various regional Free Trade Agreements and cheap imports from China.

#ITC Results

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

In Images: Amit Shah performs 'Bhoomi Pujan' of Amul's curd manufacturing plant in Kolkata Jul 19, 2026, at 10:57 pm

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am