ITC Q3 net profit rises 23.4% to Rs 5,006 cr on growth across segments

Revenues from the non-cigarettes FMCG segment was at Rs 4,848.95 crore compared to Rs 4,099.47 crore

Tobacco-to-hotels major ITC on Friday reported a 23.4 per cent year-on-year (YoY) jump in net profit in the December quarter of the current financial year (Q3FY23) to Rs 5,006.65 crore from Rs 4,056.73 crore in the same quarter last year. The company said it was led by growth across segments

Revenue from operations was up 3.56 per cent at Rs 19,020.65 crore, managing to beat the Bloomberg consensus estimate of Rs 18,837 crore. The estimate for net income was Rs 4,741.8 crore. Sequentially, net profit was up by 8.4 per cent and revenues 2.2 per cent.

ITC said that the