ITC Q4 results: ANNOUNCED! Know KEY HIGHLIGHTS including PAT, revenues and DIVIDEND

ITC Ltd today announced its Q4 FY21 results reporting a 24 per cent jump in its gross revenues. The Q4 Profit Before Tax (PBT) was also up 7.6 per cent while comparable Q4 Profit After Tax (PAT) up at 8.4 per cent, the company informed in its filing to exchanges

Board recommends Final Dividend of Rs 5.75 per share including interim dividend of Rs 5 taking total dividend for FY21 to Rs 10.75. Source: Reuters

ITC Ltd today announced its Q4 FY21 results reporting a 24 per cent jump in its gross revenues. The Q4 Profit Before Tax (PBT) was also up 7.6 per cent while comparable Q4 Profit After Tax (PAT) up at 8.4 per cent, the company informed in its filing to exchanges.

The company witnessed recovery in cigarettes business with progressive easing of restrictions and improved mobility with volumes touching nearly pre-Covid levels towards the close of the year, it said.

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The Q4 segment Gross Revenue was up 14 per cent while Q4 net revenue up 7 per cent along with margin expansion of 70 bps, it further said.

FMCG-Others Segment sustains strong growth momentum –

Q4 comparable Segment Revenue up 16 per cent on a relatively strong base (Q4 FY20 comparable Revenue growth was 5 per cent)
Smart recovery in Discretionary/’out-of-home’ categories
Sales wereup 23 per cent
Segment EBITDA was up 19 per cent to Rs 306 crores while comparable segment EBITDA was up 36 per cent with margin expansion of 115 bps.
Robust expansion in Segment EBITDA margins continues; up 180 bps for the full year; expansion of 150+ bps p.a. for 4th year in a row.

Agri Business posts robust growth in Q4 with segment revenue and segment results up 78.5 per cent and 54.2 per cent respectively. - Wheat, rice, oilseeds, exports of value-added food safe spices and higher supplies to support enhanced scale in Branded Packaged Foods Businesses drive growth.

Paperboards, Paper and Packaging Segment continues its strong sequential recovery momentum with improvement in offtake across most end-user industries. - Q4 segment revenue and segment results up 13.5 per cent and 13.1 per cent respectively led by strong volume recovery in paperboards, robust growth in Carton packaging exports and Flexibles packaging in domestic.

Hotels Revenue - Sequential improvement in Hotels Revenue aided by higher Occupancy and F&B business. After breaking even in Q3, Segment EBITDA improves further to Rs. 25 crores in Q4; structural cost management interventions and revenue augmentation measures help in mitigating the impact of negative operating leverage.

Dividend:

Board recommends Final Dividend of Rs 5.75 per share including interim dividend of Rs 5 taking total dividend for FY21 to Rs 10.75.

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