ITC net rises 26.7 pc

ITC,however,said revenue from its hotel business remained flat at Rs 247 crore as a result of weak global economic recovery. While the performance of the hotel business has improved sequentially,it is still caught in the throes of a weak recovery momentum, it said. The company also said its paperboards,paper and packaging category posted growth of 29 per cent at Rs 811.80 crore on the back of higher capacity utilisation,lower input costs and significant value capture in pulp mill operations.