ITC has posted 9.9% YoY rise in net profit at Rs.2,933 crore, for the quarter ended March 31,2018.

Net sales of the company went down to Rs.10,706 crores, from Rs.14,883 crore in the same quarter last year. EBITDA grew 6.9% YoY to Rs.4,144 crore and EBITDA margin was reported at 39.1%, as against 38.4% a year ago.

Further, the board has recommended a dividend of Rs.5.15 per share and the board has re-designated Sanjiv Puri, Chief Executive Officer & Wholetime Director, as the Managing Director of the Company with effect from May 16.

Read EquityPandit’s Technical Analysis of ITC Outlook for the Week