BENGALURU/CHENNAI, May 18 (Reuters) – India’s ITC Ltd (ITC.NS) reported a bigger-than-expected rise in quarterly revenue on Thursday, boosted by strong demand for tobacco merchandise in addition to different client items.

The cigarettes-to-hotels conglomerate’s revenue rose 21% to 50.87 billion rupees ($622 million) within the quarter ended March 31, it mentioned in an exchange filing.

Analysts, on a mean, had anticipated a revenue of 49.84 billion rupees, in response to IBES knowledge from Refinitiv.

($1 = 81.7800 Indian rupees)

Reporting by Ashna Teresa Britto in Bengaluru and Praveen Paramasivam in Chennai

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