Kolkata: Cigarette and consumer goods maker ITC Ltd on Wednesday said that its net profit for the March 2018 quarter rose 9.86% over the same period previous year to Rs2,932.71 crore as margins expanded. It was Rs 386.52 crore in the corresponding period last fiscal.
A Bloomberg poll of analysts expected ITC's net income and revenue of Rs 2,920 crore and Rs 11,940 crore in Q4FY18 respectively.
The company said the punitive and discriminatory taxation and the regulatory regime continues to exert severe pressure on the domestic legal cigarette industry even as illegal cigarette trade has been growing unabated.
In the segment-FMCG-Others-its revenue rose to Rs 3,051.82 crore during the quarter as against Rs 2,885.76 crore in the corresponding period of previous year.
Revenue from operations fell 28 per cent to Rs 10,813 crore, while excise duty paid was down about 94 per cent.
Cauvery case: TN opposes board headquarters in Bengaluru According to a public relations official for MNM, Kamal Haasan also spoke to Rajinikanth and invited him for the May 19 meeting. However, the Centre failed to submit any scheme related to the distribution of Cauvery water within the given time.
Battlefield V will be revealed next week Furthermore, he hints that the game will be called Battlefield V , which has always been a rumored title for the 2018 game. Should this be the case, then the game could be taking a cue from Activision and Sledgehammer Games' Call of Duty: WW2.
The cigarette segment contributed Rs3,505.76 crore of pre-tax profit in the March quarter, up 7.57% from Rs3,258.76 crore a year ago.
Shares of ITC today rose 1.5 per cent after the company reported 9.86 per cent rise in standalone net profit for the fourth quarter ended March 31, 2018.
On a comparable basis, gross sales value (net of rebates/discounts) stood at Rs. 67081.92 crore, representing a growth of 4.5% driven mainly by the branded packaged foods, personal care and the education and stationery products businesses offset by decline in agri business revenue.
The Kolkata-based company's earnings before interest, tax, depreciation, and amortisation (EBITDA) grew 6.9 per cent to Rs 4,144 crore year-on-year, while EBITDA margin went up to 39.1 per cent from 38.4 per cent a year ago. However, its hotel business fared better, posting an EBIT jump of 13 per cent year-on-year in the quarter under review.
At 2:22 PM Shares of ITC today were trading 1.5 percent higher at 286.10 rupees on the National Stock Exchange.
And a move for Seri is on the cards, but the Gunners face an uphill battle with the 26-year-old setting his sights elsewhere. However, Arsenal still have a long way to go in their pursuit as Chelsea remain in pole position to sign the player.
Though Aguilera doesn't explicitly defend his controversial points of view, she doesn't necessarily condemn them either. Christina teased the release of Fall In Line with baby photos of her and Demi performing as youngsters.
Also, the number of investment managers holding Misonix Inc in top ten stock positions was flat from 0 to 0 for the same number. The fund owned 29,865 shares of the cable giant's stock after buying an additional 5,109 shares during the quarter.
Deputy fire marshal Steven Lawrence, who attended the scene, said vape pens can "become pieces of flying debris and shrapnel". His neighbor, Dale Kleine, said she was the one who identified D'Elia's burned body.
Iswari Paudel of Himalayan Guides Nepal , the company assigned to fix the ropes, confirmed that the team has scaled the mountain. More than 340 foreign climbers along with their local guides are attempting to climb Everest this month.
Cohen is required to be reported and that the information provided meets the disclosure requirement for a reportable liability". Trump submitted the document on Tuesday, the deadline for administration employees to file their financial documents.
Guajardo and Canadian Foreign Minister Chrystia Freeland were in Washington, D.C., last week working on a deal with U.S. Mexico's presidential election is also now less than seven weeks away, further complicating talks.
According to Pakistan Meteorological Department the crescent of Ramzan is likely to be sighted today (Wednesday). Evidence of moon sighting is collected from across the country through regional Ruet-e-Hial Committees.
Major European powers and Tehran committed Tuesday to keep working together to save the Iran nuclear deal despite U.S. Earlier in the week, France, Germany and the United Kingdom expressed "regret and concern" over the US' withdrawal.
At the same time, I have deep respect for the federalism principles that underlie today's Supreme Court decision", he said. Supreme Court's decision Monday to toss the federal ban on sports gambling will let states allow the wagering.
TI Arrested For Disorderly Conduct, Public Drunkenness
He claims the guard was asleep when his client arrived at the guardhouse and it took "some time to wake up the sleeping guard". Rapper T.I. was arrested earlier Wednesday morning in Stock Bridge, Georgia, outside of his residence's gated community.
Seattle City Council passes $275 employee tax
Seattle itself had a head tax in effect from 2006 to 2009 but it was repealed to help businesses in the midst of the recession. Heather Redman, a Seattle venture capitalist, took Amazon's response to the tax more seriously than Sawant.
Kolkata Knight Riders defeated Rajasthan Royals by 6 wickets
The Royals' skipper Rahane and Buttler, who failed to notch up his sixth fifty on the trot, Buttler fell to reverse sweep. In what was an important encounter for both the teams , Kolkata Knight Riders went on to produce a sensational victory.
Female Kent State Graduate Carries AR-10 on Campus
Moreover, Kent State has a policy against allowing students to open carry on campus, although open carry is legal in Ohio. Although the photo has received ample amounts of criticism, Bell isn't going to apologize for her graduation pictures.
#34 to forever belong to Thurman Thomas
No. 34 was also worn by fullback Cookie Gilchrist, a two-time AFL MVP who led Buffalo to a league championship in 1964. The five-time Pro Bowler was part of the Bills' teams that went to four straight Super Bowls in the early 1990s.
'With Friends Like That, Who Needs Enemies?'
Trump not to withdraw from the Paris climate agreement, a failure that weakens efforts to combat global warming. Other signatories to the JCPOA have criticized Trump's decision to unilaterally pull out the deal.