ITC Q4 Results: Net profit Up By 12% The standalone net profit stood at INR 4,195 crore for the period under review compared with the INR 3,755 crore in the year-ago period.

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

ITC Ltd, the FMCG major, reported a 12 per cent rise in net profit in the quarter ended March 2022. The standalone net profit stood at INR 4,195 crore for the period under review compared with the INR 3,755 crore in the year-ago period.

Revenue from operations for the quarter rose 16.02 per cent year-on-year to INR 16,426 crore from INR 14,156.98 crore in the same quarter last year.

The company's corporate strategy aims at creating multiple drivers of growth anchored on its core competencies. The company is currently focused on four business groups : FMCG, hotels, paperboards, paper and packaging and agri business. The Company's organizational structure and governance processes are designed to support effective management of multiple businesses while retaining focus on each one of them, said a statement.

ITC is one of India's foremost private sector companies with a Gross Sales Value of INR 74,979 crore and net profit of INR 13,032 crore (as on 31.03.2021). ITC's businesses and value chains create sustainable livelihoods for more than 6 million people, a majority of whom represent the poorest in rural India, said a report.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

Business Solutions

Save an Extra 20% on This AI-Powered Video Editing Tool

Give your video production a professional look with assistance from artificial intelligence.

Data & Recovery

Cyber Threats Are More Prevalent Than Ever — So Don't Leave Your Business Exposed. Here's How to Protect It.

Traditional risk management often fails to adequately address the unique challenges faced by modern businesses. If you're still utilizing a one-size-fits-all approach, it's time for an approach as distinctive as your business.

Business News

Who Owns The Rights to Your AI-Generated Content? Not, It's Not You. Uncover The Scary Truth That Puts AI Users At Risk.

The realization that copyright laws do not protect AI-generated material might come as a shock to many.

Business News

IKEA Price Increases Are Going Viral — Here's How Much Your Favorite Couch Costs Now: 'Inflation Is Crazy'

A video with a customer complaining about "inflation" and "corporate greed" has racked up over 1.3 million views on TikTok.