Mumbai: The largest cigarette maker, ITC Ltd, posted a 21 percent jump in quarterly net profit on Friday, beating market expectations.

ITC, India's fourth most-valuable company at USD 41.1 billion, said its net profit rose to 20.5 billion rupees (USD 377.6 million) for the quarter ended Dec. 31, up from 17 billion rupees a year earlier.

Analysts had expected a 16.5 percent rise in earnings to 19.8 billion rupees.


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