On a consolidated basis, the net profit of cigarette maker has reported a net profit of Rs 199.25 crore in the Oct-Dec quarter of FY23, which is higher by 70% compared with Rs 117.03 crore recorded in the Oct-Dec quarter of FY22.

Gross revenue from the cigarette business increased by 30%, while retail and other products grew 11% YoY. 

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Net income from operations increased by 30% YoY to Rs 908.62 crore. Total expenses increased by 31% to Rs 755.12 crore in the October-December quarter of FY23 from Rs 575.98 crore in FY22.

PBT in Q3FY23 stood at Rs 243 crore, up by 55% from Rs 156.93 crore recorded in Q3FY22.

The company is to manufacture tobacco products, cigarettes, and chewing products and trade tobacco products and other retail products. On BSE, the scrip declined 3.63% to end at Rs 1898.45.