ITC's gross and net sales increased by 10.7% and 14.7% respectively over the previous financial year. The company declared a dividend of Rs. 3.50 per share, which was 42.7% of profits. Earnings per share increased from Rs. 7.19-7.16 to Rs. 8.29-8.25. Higher sales led to increased profits and production. The company raised additional capital through the issue of equity shares totaling Rs. 376.86 crores. Long-term debt amounted to Rs. 214.43 crores with total liabilities of Rs. 12712.10 crores and a long-term debt to equity ratio of 1:1.76.