New Delhi, Oct. 22 -- Tobacco major Philip Morris International (PMI) reported a 5.5 per cent YoY rise in net revenues to USD 11.4 billion in Q3, driven by growth in both smoke-free and combustible products, as per a company statement.

As per the release, PMI's total shipments rose 0.6 per cent during the quarter, supported by a 2.7 per cent increase in smoke-free product (SFP) shipments across all categories.

This was backed by high single-digit growth in adjusted in-market sales of smoke-free products. The combustible products segment also remained resilient, particularly in markets where smoke-free products are banned or have limited availability.

"We delivered another excellent quarter, with growing total volumes, double-digit orga...