Thu, Feb 02, 2017
On January 27, the company had beaten estimates by reporting 5.7% rise in net profit during the quarter ended on December 31.
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Fri, Jan 27, 2017
The company reported net profit of Rs 2646.73 crore, a rise of 5.71% from Rs 2503.76 crore in the corresponding quarter of the previous. Also, the net profit was 5.86% up from Rs 2500.03 crore of the previous quarter.
Analysts added, "We model 5% yoy volume decline in cigarettes and 1% yoy growth in FMCG business; among other businesses, we model -15%, 5% and -7% growth in hotels, agri-business and paper boards respectively."
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