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INDIA

Top cigarette maker's profit surges in Q2

26 Oct 2018. The countryís leading cigarette manufacturer, ITC Ltd, has reported a rough 12 per cent increase in profit in the second quarter which ended on 30 September, Reuters reported.

ITC's profit was INR 29.55 billion (EUR 354.43 million) in the second quarter, compared with INR 26.40 billion profit a year ago, according to the report.

The rise in profit was boosted by cigarette revenue, which grew more than 10 per cent to INR 50.26 billion in the second quarter. In addition to that, revenue from operations rose 15.45 per cent to INR 112.73 billion.