The Kolkata-headquartered firm had posted a profit of Rs 2,385.34 crore in the corresponding period a year earlier.  Net sales increased by marginal 2.05 percent to Rs 8,800.22 crore as against Rs 8,623.11 crore in the corresponding quarter last year, ITC said in a BSE filing.
    
Earnings from the company's FMCG business, including cigarettes, increased by 4.23 percent to Rs 6,456.06 crore while that of non-FMCG business grew by 0.31 percent to Rs 9,582.95 crore.
    
During the quarter under review, revenue from cigarettes grew by 0.62 percent to Rs 4,141.94 crore, while that from FMCG business excluding cigarettes went up by 11.37 percent to Rs 2,314.12 crore. Revenue from hospitality business increased by 4.69 percent to Rs 330.26 crore.
    
"The hotels industry continued to be impacted by a weak pricing scenario in the backdrop of excessive room inventory in key domestic markets," ITC said.
    
During the quarter, revenue from agri-business declined by 10.55 percent to Rs 1,597.86 crore. Revenue from paperboards, paper and packaging business fell by 4.66 percent to Rs 1,198.77 crore. Shares of ITC were trading at Rs 354.85 apiece on the BSE in afternoon trade, down 4.40 percent from its previous close.

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