FMCG major ITC witnessed a fall in share price on Monday after the company reported dismal earnings growth in the March 2015 quarter and missed the analyst expectations. Net profit for the quarter stood at Rs 23.61 billion, up 3.64% from Rs 22.78 billion in the same period last year. Analysts on average had predicted net profit to come at Rs 25.07 billion.

During the quarter, net revenues from operations was almost flat at Rs 92.93 billion, up 0.59% from Rs 92.39 billion in the same period last year.

ICICICdirect said the company reported its Q4FY15 results, which were below our estimates on all fronts.

Shares of I T C are trading at Rs 320.40, down Rs 8.05, or 2.45% at the Bombay Stock Exchange (BSE) on Monday at 10:50 a.m.

Total volume of shares traded on the bourses today was lower by 3.68% to 6,372,658 compared with 22-day average volume of 6,616,064.