Kolkata May 16 (IANS) Cigarette-to-FMCG major ITC Ltd on Wednesday reported a close to 10 per cent increase in net profit to Rs 2 932.71 crore in the quarter ended on March 31 compared with Rs 2 669.47 crore in the year-ago period.
On a comparable basis gross sales during the quarter stood at Rs 17 933.48 crore representing a growth of 3.5 per cent over Rs 17 315.75 crore in the corresponding period of 2016-17.
Its board of directors recommended dividend of Rs 5.15 per ordinary share of Re 1 each for the financial year ended on March 31 2018.
The company posted a standalone net profit of Rs 11 223.25 crore in 2017-18 up by 10 per cent from Rs 10 200.90 crore in previous financial year.

--IANS bdc/tsb/mr