Diversified conglomerate ITC on Wednesday reported a 10.47 per cent rise in its net profit at Rs 2,635 crore (Rs 26.35 billion) for the third quarter ended December 31, 2014.

The Kolkata-headquartered firm had posted a profit of Rs 2,385.34 crore (Rs 23.85 billion) in the corresponding quarter a year earlier.

Net sales increased by marginal 2.05 per cent to Rs 8,800.22 crore (Rs 88 billion) as against Rs 8,623.11 crore (Rs 86.23 billion) in the same period last year, ITC said in a BSE filing.

Earnings from the company's FMCG business, including cigarettes, increased by 4.23 per cent to Rs 6,456.06 crore (Rs 64.56 billion), while that from the non-FMCG business section grew by 0.31 per cent to Rs 9,582.95 crore (Rs 95.82 billion).