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Price rises help ITC beat profit forecasts
ITC Ltd, India's largest cigarette maker, relied on price increases to post a better-than-expected rise in quarterly profit as cigarette volumes slackened, sending down its shares by 3.8 percent, their biggest fall in nearly a year. Analysts who spoke with the company told Reuters that cigarette volumes grew 4-5 percent in the third quarter, while prices rose 8-8.5 percent ahead of an expected steep
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