ITC 's July-September quarter earnings missed analysts' expectations on Friday with profit flat Rs 2,431 crore and revenue falling over 1 percent to Rs 8,904 crore year-on-year.
According to analysts polled by CNBC-TV18, profit was estimated at Rs 2,550 crore (up 5 percent) and revenue of Rs 9,420 crore (up 4.3 percent) with operating profit rising 5.3 percent to Rs 3,675 crore and margin expansion of 30 basis points.
At 12:46 hrs ITC was quoting at Rs 338.20, down Rs 11.55, or 3.30…
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