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February 20, 2024

Q4: FMCG Co Declares 23% YoY Surge In Profit, Final Dividend & Special Dividend


oi-Renu Baliyan


Large cap company ITC Ltd on Thursday announced 23% YoY jump in its consolidated net profit to Rs 5175 crore for the March quarter as against Rs 4196 crore declared in the corresponding quarter last year. The board of directors of ITC also recommended final dividend of Rs 6.75 per share and special dividend of 2.75 per Ordinary share for the FY2023. ITC share declined 1.87% to end at Rs 419.65 apiece. Check details below:

ITC Ltd Declares Special & Final Dividend: According to the BSE filing of the company, “recommended Final Dividend of f 6. 75 and Special Dividend of f 2. 75 per Ordinary Share off 1/- each for the financial year ended 31 81 March, 2023, subject to declaration of the same by the Members at the ensuing 1121h Annual General Meeting (AGM) of the Company; such Dividend, if declared, will be paid between Monday, 14th August, 2023 and Thursday, 17lh August, 2023 to those Members entitled thereto.”

ITC fixed Tuesday, 30th May, 2023 as the Record Date for the purpose of determining entitlement of the Members for payment of Dividend.

Q4: FMCG Co Declares 23% YoY Surge In Profit, Final Dividend & Special Dividend

ITC Ltd Stock Performance & Return: The last trading price of ITC on BSE is Rs 419.65 apiece with intraday fall of 1.87%. The stock’s 52-week high price is Rs 433.45 apiece and 52-week low price is Rs 258.05 apiece, respectively. The company’s market capitalisation is Rs 5,21,541.76 crore. ITC shares jumped 23% in last 6-months, 57% in last 1-year, 99% in last 2-years, and 155% in last 3-years.

ITC Q4: The company’s revenue from operations during the March quarter climbed 7% to Rs 19,058 crore as against Rs 17,754 crore declared corresponding quarter of last year. ITC’s revenue, segment-wise, from the cigarettes business spiked 13% YoY to Rs 8,082 crore for the quarter under consideration. It was declared at Rs 7,177 crore in the same quarter last year. Its profit before tax (PBT) for the cigarette business soared 13% YoY to Rs 4,916 crore.

Revenues from the FMCG-others segment rallied 19% to Rs 4,951 crore for the January-March quarter as against Rs 4,148 crore announced in the corresponding period of last fiscal.

About ITC: ITC is one of India’s foremost private sector companies and a diversified conglomerate with businesses spanning Fast Moving Consumer Goods, Hotels, Paperboards and Packaging, Agri Business and Information Technology, according to its official website.

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