in line with street estimates, diversified conglomerate itc ltd posted a 9.89 per cent rise in its net profit at rs. 29.33 billion for the quarter ended march 31, 2018, with a total revenue, inclusive of other income, at rs. 113.30 billion. the net profit during the corresponding quarter of the 2016-17 fiscal year stood at rs. 26.69 billion, backed by a revenue of rs. 154.11 billion. in a statement, the company said that owing to the gst rollout, the revenue is not comparable. on a comparable basis, gross sales value (gsv), inclusive of rebates and discounts, stood at rs. 179.33 billion, mainly driven by the non-cigarette fmcg and hotels business while the agri business impacted the turnover. the gsv, excluding the agri business vertical, grew by 5.7 per cent. shortage of leaf tobacco in andhra pradesh due to lower crop output on account of drought in 2016 and adverse crop quality, the relative strength of the indian rupee vis-à-vis currencies of competing origins and limited trading opportunities in other agri-commodities had weighed on the performance of the agri business vertical. besides, the growth in this vertical was also impacted on account of a high base in imported wheat trading, limited trading opportunities in agri commodities such as wheat, soya, coffee and lower leaf exports during the quarter. facing a stringent regulatory environment, revenue from the cigarettes business fell by 44.82 per cent at rs. 49.36 billion as against the inco...