New Delhi, Oct. 30 -- Cigarettes-to-atta conglomerate ITC Ltd reported a nearly 2% year-on-year decline in consolidated revenue from operations to Rs.21,047 crore, even as profit after tax increased 4.2% to Rs.5,187 crore. ITC's agri business was the primary drag on the company's revenue; without this segment, the company's gross revenue grew 7.9%.

A strong performance by ITC Hotels and ITC Infotech boosted consolidated revenue for the company, while its mainstay cigarettes business grew 6.8% year-on-year (y-o-y) to Rs.8,723 crore, helped by growth in the premium segment.

Meanwhile, ITC's FMCG (fast-moving consumer goods)-Others business (excluding notebooks) grew 8% to Rs.5,964 crore, helped by a jump in sales of staples, dairy, premiu...