INDIA
ITC Limited reported a 12.6% YoY profit growth to INR3.17 billion (US$455.59 million) for the quarter ended June 2019.
The company’s Q1 revenue grew 5.8% YoY to INR1.15 billion, with its cigarette business growing 6% YoY to INR5.43 billion. Cigarette earnings before interest and tax (EBIT) rose 8.2% YoY to INR3.85 billion, while overall earnings before interest, tax, depreciation, and amortization (EBITDA) grew 8.7% to INR4.57 billion.