ITC profit's in line with expectations; PAT up 20%

India's largest market cap company, ITC has reported profit after tax of Rs 1602 crores for Q1 2012, growing 20.2% year-on-year. The profits have come in line with analysts expectations of around Rs 1600 crores.

Net sales at the company rose by 15.52% to Rs 6,662 crore during the same period.

The shares of the company were trading flat at Rs 254 on the National Stock Exchange.

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