Business News
Home > Business News
ITC outshines benchmark indices, shares rise 15% in 2022
TIWN
TIWN
PHOTO : TIWN
New Delhi, March 23 (TIWN) Shares of FMCG major ITC have outperformed the broader market benchmark indices so far in 2022.
The FMCG company reported a standalone profit after tax of Rs 4,156 crore during the December quarter, up by 12.7 per cent against Rs 3,687.88 crore reported in the year-ago period, according to reports.
While releasing its earnings for the Q3FY22, the company said reduction in daily Covid cases and the ongoing vaccination drive are expected to provide a fillip to business sentiment and consumer confidence, as well as boost economic activity going forward.
Add your Comment
Comments (0)
More Business News
- SpiceJet denies KAL Airways' Rs 1,323 cr claim, labels it 'legally baseless'
- Food regulator finds no trace of ethylene oxide in Indian spices
- Indian tech leaders stand behind Ola's Bhavish in his fight against Microsoft & LinkedIn
- How volatility hit the Indian markets in last three elections
- Dell discloses data breach of some customers’ names, physical addresses