ITC Q3 net dips 11.5% to Rs 3.6kcr

Kolkata: FMCG-to-hotel-to-tobacco conglomerate ITC has reported a 11.5% year-on-year drop in net profit to Rs 3,662.8 crore for the quarter ended on December 31, 2020, from a net profit of Rs 4,141.9 crore in the year-ago period. However, the company has claimed that real decline in PAT was 3.7%, on a comparable basis (adjusting for one-time benefit of Rs 340 crore in base period due to reduction of corporate tax rate).
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