ITC Q4 profit grows 19% to ₹3,482 crore; appoints Sanjiv Puri as new chairman | Mint
Active Stocks
Wed Feb 21 2024 15:59:55
  1. Tata Steel share price
  2. 143.85 1.99%
  1. Bharti Airtel share price
  2. 1,139.75 -0.38%
  1. State Bank Of India share price
  2. 771.55 1.51%
  1. Power Grid Corporation Of India share price
  2. 280.15 -2.71%
  1. ITC share price
  2. 403.30 -0.68%
Business News/ Companies / Company Results/  ITC Q4 profit grows 19% to 3,482 crore; appoints Sanjiv Puri as new chairman

ITC Q4 profit grows 19% to ₹3,482 crore; appoints Sanjiv Puri as new chairman

ITC today reported a 19% growth in net profit
  • Sanjiv Puri is the new chairman of ITC
  • Photo: ReutersPremium
    Photo: Reuters

    FMCG major ITC today reported a 18.72% growth in net profit for the March quarter. The net profit increased to 3,482 crore as compared to 2932 crore in the same quarter of the previous year.

    Revenue for the quarter came in at 12,206 crore compared with 10,586.80 crore in the year-ago period. The EBITDA has increased to 4,572 crore against 4,144 crore in the year-ago period.

    ITC has appointed Sanjiv Puri as the new chairman of the company with effect from today. Currently, Puri holds the position of managing director in the company.

    Puri's elevation comes after noted industry leader and erstwhile ITC Chairman Y C Deveshwar passed away on Saturday.

    "The Board of Directors of the company at the meeting held today appointed Sanjiv Puri, Managing Director, also as the Chairman of the Company with effect from May 13, 2019. Consequently, Puri's new designation is Chairman and Managing Director of the company," ITC said in a regulatory filing.

    ITC's total income during the quarter under review rose 14.26 per cent stood to 12,946.21 crore, compared to 11,329.74 crore in the same period last fiscal, ITC said in a BSE filing.

    Revenue from total FMCG business, including cigarettes, stood at 8,759.84 crore in January-March 2019, as against 7,988.29 crore in the corresponding quarter previous fiscal.

    During the quarter, revenue from cigarettes was 5,485.92 crore. It was 4,936.45 crore in the fourth quarter of 2017-18.

    With inputs from PTI

    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    Catch all the Corporate news and Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Published: 13 May 2019, 03:12 PM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App