ITC Share Price Today

ITC is biggest cigarettes & second largest FMCG company in India with ~80% of market share in cigarettes & presence in staples, biscuits, noodles, snacks, chocolate, dairy products & personal care products. The company is also present in paperboard, printing & packaging business, agri & hotels businesses

The company has more than 200 manufacturing facilities in India. It has a distribution reach of over 6 million retail outlets across various trade channels & strong 25 brands across various categories

ITC reported robust cigarette volume growth of ~12%.

• Sales were up 6.6% YoY led by strong growth in cigarettes & FMCG sales
• EBITDA was at ₹ 6209.4 crore, up 18.9% YoY, with margins at 36.1%
• Consequent PAT was at ₹ 5086.9 crore (up 21.4% YoY)

Cigarettes & Tobacco Products company ITC announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

• Q4: Gross Revenue (ex-Agri Business) up 6.0% YoY; Highest ever Q4 PBT at Rs 6534 crore (bei)
• FMCG Segment:
  • Q4 Segment Revenue up 7.2% on a high base and Segment PBIT up 15% on comparable basis (base quarter included certain fiscal incentives pertaining to previous periods); margins expanded 60 bps YoY on comparable basis
  • 2-yr CAGR: Segment Revenue 13.1%, Segment PBIT 42.2%
  • Staples, Biscuits, Snacks, Dairy, Homecare, Agarbatti drive growth
  • Education & Stationery Products Business continues to witness strong traction
• Cigarettes Segment:
  • Q4 Net Segment Revenue and Segment PBIT up 7.0% and 5.0% YoY respectively
  • 2-yr CAGR: Net Segment Revenue 10.3%, Segment PBIT 9.4%
  • Net Segment Revenue and Segment PBIT up 5.2% and 4.1% respectively sequentially amidst subdued demand conditions in the overall consumption space.
• Hotels Segment:
  • Q4 Segment Revenue and PBIT up 15% and 34% YoY respectively on a high base; Segment EBITDA margin up 340 bps YoY to 38.2%
  • Margin improvement driven by higher RevPARs, structural cost interventions and operating leverage
• Agri Business Segment:
  • Strategic portfolio (comprising value-added agri products) and leaf tobacco Revenues up 18% YoY in Q4

FY24 Financial Highlights:

• Full Year: Gross Revenue at Rs 69,446 crore, up 6.8% (ex-Agri Business) and PAT at Rs 20,422 crore up 8.9% YoY
• Board recommends Final Dividend of Rs 7.50 per share. Including Interim Dividend of Rs 6.25 per share paid on 27th February, 2024, Total Dividend for the financial year ended 31st March, 2024 amounts to Rs 13.75 per share (FY23: Ordinary Dividend of Rs 12.75 per share and Special Dividend of Rs 2.75 per share).
• FMCG Segment:
  • Full Year Segment Revenue and Segment PBIT up 9.6% and 29.4% YoY respectively; margins expanded by 130 bps YoY
  • 2-yr CAGR: Segment Revenue 14.5%, Segment PBIT 38.8%
• Cigarettes Segment:
  • Full Year Net Segment Revenue and Segment PBIT up 7.1% and 6.5% YoY respectively
  • 2-yr CAGR: Net Segment Revenue 13.5%, Segment PBIT 13.3%
• Hotels Segment:
  • Full Year Segment Revenue and Segment PBIT up 15.6% and 39.1% YoY respectively; Segment EBITDA margin up 295 bps YoY to 35.1%
• Agri Business Segment:
  • Strategic portfolio (comprising value-added agri products) and leaf tobacco Revenues up 19% YoY in Full Year

Result PDF