Press Esc to close
Thursday 22 June 2017
News updated at 5:31 PM IST

Cigarettes still drive ITC growth

Bangalore, Jan 20, 2013, DHNS: 22:49 IST
Though the statutory warning goes, “Cigarette smoking is injurious for health”, for ITC - the “market leader” in cigarettes in India, it is that segment of business which contributes to both topline and bottomline growth in a major way, notwithstanding its interests in hotels, branded-apparel, personal-care products, incense sticks, agri-business and paperboards.

For the quarter ending December 31, 2012, cigarette sales, net of excise duty, at Rs 3,657 crore accounted for about 47 per cent of its total revenues. The contribution to operating income was even higher – Rs 2,233 crore out of Rs 2,666 crore, or 83.75 per cent

For the nine month period ending December 2012, cigarette sales contributed Rs 10,346 crore out of net revenues of Rs 21,425 crore, about 48.28 per cent. The figures
for the corresponding period ending December 2011 were Rs 9,074 crore, Rs 17,937 crore and 50.58 per cent, respectively.

From an operating income standpoint, the segment contributed 81.79 per cent during the nine months ending December 2012 at Rs 6,213 crore out of Rs 7,596 crore. This was up from 79.87 per cent for the nine months ending December 2011 (Rs 5,149 crore out of Rs 6,446 crore).

The government’s tobacco promotion body, Tobacco Board, has put India’s export of cigarettes at Rs 154 crore for the period April to September 2012, up from Rs 141 crore during the same period in 2011.

Go to Top

Photo Gallery
Portugal's Cristiano Ronaldo attends a training session at the Spartak Stadium in Moscow, Russia...

Portugal's Cristiano Ronaldo attends a training session at the Spartak Stadium in Moscow, Russia...

A helicopter drops water as U.S. Forest Service firefighters and several other departments battle...

A helicopter drops water as U.S. Forest Service firefighters and several other departments battle...

A tiger licks a block of ice containing chicken parts offered by zoo keepers during the summer...

A tiger licks a block of ice containing chicken parts offered by zoo keepers during the summer...

Roger Waters performs during his 'Us + Them' tour stop at Staples Center on Tuesday...

Roger Waters performs during his 'Us + Them' tour stop at Staples Center on Tuesday...

Girls stand in monsoon rains beside an open laundry in New Delhi...

Girls stand in monsoon rains beside an open laundry in New Delhi...

Students and various Yoga centre members participated in International Yoga Day programme...

Students and various Yoga centre members participated in International Yoga Day programme...

Army jawans perform yoga near Line of Control in Poonch on the 3rd International Yoga Day on Wednesd

Army jawans perform yoga near Line of Control in Poonch on the 3rd International Yoga Day on Wednesd

People enjoying the rains at the historic Ridge in Shimla on Wednesday.

People enjoying the rains at the historic Ridge in Shimla on Wednesday.

Gurukul students make a human formation in the shape of International Day of Yoga logo...

Gurukul students make a human formation in the shape of International Day of Yoga logo...

BJP leaders during a celebration march after the party's victory in Municipal Corporation...

BJP leaders during a celebration march after the party's victory in Municipal Corporation...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.