ITC's quarterly profit rises 12.7%

Representative picture. Credit: Reuters Photo

ITC Ltd, India' biggest cigarette maker, posted a 12.7 per cent rise in the third-quarter profit on Thursday, as revenue jumped 32 per cent from a year earlier.

Profit was at Rs 4,156 crore ($556.43 million) in the quarter ended December 31, compared with Rs 3,687 crore in the same period of 2020, the company, which also makes Sunfeast biscuits and Classmate stationery, said.

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Revenue totalled Rs 16,800 crore, compared to Rs 12,762 in the earlier period, the company said.

ITC said its board has approved a dividend of Rs 5.25 per share.

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