FMCG(fast-moving consumer goods) major ITC on Friday reported a 29.03 per cent increase in its consolidated net profit at Rs 4,047.87 crore for the third quarter ended Dec 2019. The company had posted a net profit of Rs 3,136.95 crore in the Oct-Dec quarter of the previous fiscal. Net sales during the quarter under review stood at Rs 13,220.30 crore, up 5.71%.
The combined market valuation of seven of the top-10 domestic firms rose by Rs 32,020.12 crore last week, with HDFC Bank and RIL emerging as the biggest gainers. TCS, HDFC, HUL, ICICI Bank and Kotak Mahindra Bank were the other bluechips which witnessed a rally in their market capitalisation (m-cap) for the week ended Friday, while Infosys, SBI and ITC suffered losses.