ITC second-quarter profit rises about 6 percent

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REUTERS – India’s greatest cigarette maker ITC Ltd posted a almost 6 per cent rise in quarterly gain on Friday, served by reduced prices.

A male talks on his cellular telephone as he walks past an ITC office developing in Kolkata September 4, 2012. REUTERS/Rupak De Chowdhuri/Documents

Earnings rose to 26.40 billion rupees ($406.03 million) in the second quarter ended Sept. 30, from 25 billion rupees a 12 months earlier, the organization mentioned. little bit.ly/2lmhURC

Analysts on average experienced predicted a gain of 26.44 billion rupees, in accordance to Thomson Reuters Eikon details.

The organization, which also makes Sunfeast biscuits and Classmate stationery, mentioned its bills for the quarter fell about 39 per cent to 63.14 billion rupees.

($1 = 65.0200 Indian rupees)

Reporting by Jessica Kuruthukulangara in Bengaluru Modifying by Gopakumar Warrier

Our Expectations:The Thomson Reuters Trust Ideas.

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