ITC posts 26% rise in PAT at Rs 1,009 cr

ITC has posted a 26 per cent rise in net profit after tax (PAT) of Rs 1009.91 crore for the quarter ended September 30, 2009 as compared to Rs 802.7 crore for the quarter ended September 30, 2008.

Total Income has increased from Rs 3973.1 crore for the quarter ended September 30, 2008 to Rs 4413.7 crore for the quarter ended September 30, 2009.

With the exception of the hotels segment,all businesses posted bottom line growth. Cigarettes, FMCG, agriculture and paper & packaging businesses grew in net revenues by 21 per cent , 14 per cent, 19 per cent and 13 per cent respectively.

Profitability improved on the back of better product mix, smarter sourcing of inputs and a series of targeted cost management actions. Investments in brand building in the Personal Care and Branded Foods businesses continue to impact the segment results of ‘FMCG-Others’.