The retail consumption level off - Can a large FMCG firm outpace franchises? ITC Results FY 2011, Q1 2011-12
Friday, May 20, 2011
With cigarettes revenue safe at $697 mln ( up 13%) ITC became one of the few this year to increase the Net Marging taking profits up 24.5% on a consolidated basis. Sales on a consolidated basis now leave tobacco sales contribution at less than 50% with Total sales of $1.35bln ( INR2795 Crs on a INR5390 crore sales for the Q4)
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