Jul 28, 2009. /Lesprom Network/. The resilience of ITC’s business portfolio was underscored by the 17.4% growth in Post tax profits despite tough economic conditions, the company reported. Although the FMCG and Paper & Packaging businesses grew handsomely in net revenues by 19% and 16% respectively, overall turnover growth for the Quarter was muted at 4.7% due to the de-growth in Hotels and Agribusinesses. As a result of the restructured product portfolio, profitability of the agri-business continued to be robust despite lower revenues. Whilst margins improved, investments in brand building in the Personal Care and Branded Foods business continued to impact the segment results of ‘FMCG-Others’. Pre-tax profits at Rs.1317 crores were higher by 18.3%. Post tax profits at Rs. 879 crores grew by 17.4% over the same period last year. Earnings Per Share for the quarter stood at Rs. 2.33.