ITC Q2 net profit up 23.4%

The company had a net profit of Rs 1,009.91 crore for the quarter ended September 30, 2009, ITC said in a filing to the Bombay Stock Exchange. During the period, its net sales stood at Rs 5,061.20 crore, 16.28 per cent increase from Rs 4,352.26 crore in the corresponding quarter last fiscal.

While revenue from its cigarette business increased to Rs 2,550.11 crore from Rs 2,259 crore in the year-ago period, its other FMCG business had 22 per cent jump to Rs 1,055.61 crore, and revenue from its hotel business grew by around 20 per cent to Rs 208.94 crore during the quarter.

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