FMCG major, ITC, witnessed a rise in share price on Thursday after it reported a growth of 10.48% in net profit for the quarter ended Dec. 31, 2014. Net profit rose to Rs 26.35 billion as compared to Rs 23.85 billion in the same period last year. Market was expecting profit to come at Rs 26.86 billion.
 
During the quarter, total income of the company grew 2.48% to Rs 89.42 billion, while total income went up 13.18% to Rs 87.26 billion, when compared with the same period last year.

Other income climbed 48.59% to Rs 5.81 billion for the quarter ended Dec. 31, 2014 as compared to Rs 3.91 billion in the same period last year.

Shares of the company gained Rs 4.85, or 1.38%, to trade at Rs 357.45 at the BSE (10.04 a.m., Thursday).