ITC third quarter profit up over 10% at Rs 2,635 crore

Diversified conglomerate ITC today reported a 10.47% rise in its net profit at Rs 2,635 crore for the third quarter ended December 31, 2014.

The Kolkata-headquartered firm had posted a profit of Rs 2,385.34 crore in the corresponding quarter a year earlier.

Net sales increased by marginal 2.05% to Rs 8,800.22 crore as against Rs 8,623.11 crore in the same period last year, ITC said in a BSE filing.

Earnings from the company's FMCG business, including cigarettes, increased by 4.23% to Rs 6,456.06 crore, while that from the non-FMCG business section grew by 0.31% to Rs 9,582.95 crore.

Shares of ITC were trading at Rs 359 on the BSE in afternoon trade, down 3.29% from the previous close.