💨 Abstract

Indian consumer goods company ITC reported a Q3 profit of 56.38 billion rupees, higher than estimates, due to increased demand for consumer goods and cigarettes in rural areas. The revival was attributed to income support schemes in several states. ITC's revenue rose by nearly 9% to 182.9 billion rupees, with its cigarettes business showing an 8% increase and consumer goods vertical reporting a 4% growth.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖