New Delhi, March 23 (TIWN) Shares of FMCG major ITC have outperformed the broader market benchmark indices so far in 2022.

The FMCG company reported a standalone profit after tax of Rs 4,156 crore during the December quarter, up by 12.7 per cent against Rs 3,687.88 crore reported in the year-ago period, according to reports.

While releasing its earnings for the Q3FY22, the company said reduction in daily Covid cases and the ongoing vaccination drive are expected to provide a fillip to business sentiment and consumer confidence, as well as boost economic activity going forward.