ITC posts Rs30,604 crore turnover

The ITC posted excellent results in its centenary year of operations as the company delivered impressive topline growth coupled with high quality earnings which proved yet again the robustness of its corporate strategy of creating multiple drivers of growth.

Gross turnover for the year was up 17 per cent at Rs30,604.39 crore with net turnover growing 17 per cent at Rs21167.58 crore driven mainly by a 23 per cent growth in the non-cigarette FMCG businesses, 23 per cent growth in agri business and 18 per cent in the hotels segment.

Pre-tax profits surged 21 per cent to Rs7268.16 crore, while post-tax profits at Rs4987.61 crore registered a growth of 23 per cent.

Earnings per share for the year were Rs6.49 (previous year - adjusted for bonus issue - Rs5.34).

Net profit grew 24.6 per cent to Rs1,281.5 crore for the fourth quarter of 2010-11, as against Rs1,281.5 crore for the fourth quarter of 2010-11

The cigarette-to-hotels major, posted a 24.6 per cent rise in net profit to Rs1,281.5 crore for the fourth quarter of 2010-11, as against Rs1,028.2 crore during the same period of the last financial year.