ITC’s Profit Takes a Hit in Q4 FY24

With Gross Revenue up 2.0% YoY to ₹17,572 Cr, the Net Profit dipped by 1.3% YoY to ₹5,020 Cr.

Segment Growth

Hotels revenue surged 15%, and FMCG revenue increased by 7.2% YoY, showing robust performance in Q4.

Segment Growth

Hotels revenue surged 15%, and FMCG revenue increased by 7.2% YoY, showing robust performance in Q4.

Financial Metrics

Profit Before Tax (BEI) for Q4 stood at ₹6,534 Cr, up 0.2% YoY, and EBITDA was at ₹6,163 Cr, down by 0.8% YoY.

Financial Metrics

Profit Before Tax (BEI) for Q4 stood at ₹6,534 Cr, up 0.2% YoY, and EBITDA was t ₹6,163 Cr, down by 0.8% YoY.

Dividend Announcement

ITC Board recommends a final dividend of ₹7.50 per share, bringing the total dividend for FY24 to ₹13.75 per share.

Challenges

Agri Business and Paperboards segments faced hurdles due to trade restrictions and low demand, affecting overall performance.

Future Outlook

IITC is set to sustain its leadership with new plants and offerings in FY25, anticipating improvements in macro-economic indicators.