ITC sees 21% jump in net profit to ₹5,031cr

Kolkata: FMCG, tobacco to hotel major ITC has witnessed a 21% jump in net profit to Rs 5,031 crore in the third quarter of this fiscal from Rs 4,156 crore in the year-ago period. In a statement, the company has said that it sustained its strong growth momentum across all operating segments during the quarter, driven by focus on accelerated digital adoption, customer centricity, execution excellence and agility. The gross revenue stood at Rs 17,122 crore, representing a growth of 2.9% YoY. New FMCG segments, hotel segment and paper boards witnessed profit during the quarter. “Rural demand continued to be relatively subdued, while improving sequentially. Consumer sentiments improved during the quarter but remained below pre-pandemic levels,” the company stated.