ITC Reports Minor Dip in Q4 Profits to Rs 5,020 Cr; Declares Dividend Amidst Modest Slump

ITC Ltd reported a minor decline in Q4 net profit, dropping 1.3% YoY to Rs 5,020.20 crore from Rs 5,086.86 crore, reflecting a slight downturn in performance
ITC Reports Minor Dip in Q4 Profits to Rs 5,020 Cr; Declares Dividend Amidst Modest Slump (1)

ITC Ltd announced a slight decrease in its standalone net profit, recording Rs 5,020.20 crore for the March 2024 quarter, a 1.3% drop YoY. Previously, the FMCG giant reported a net profit of Rs 5,086.86 crore during the same period last year.

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Sequentially, ITC’s profit showed minimal change from the Rs 5,572.07 crore reported in the December 2023 quarter, demonstrating stability in the company’s financial performance despite slight year-on-year declines.

Revenue from operations for the March 2024 quarter was reported at Rs 17,571.72 crore, showing a marginal 1.4% decrease compared to the previous year’s Rs 17,506.08 crore in the same quarter, indicating a stable revenue stream.

In comparison to the December 2023 quarter, where the revenue was Rs 17,224 crore, the latest revenue figures show a slight increase, reflecting modest growth over the quarter.

Despite the minor drop in year-on-year profit and revenue, ITC’s financial health remains robust, evidenced by the stability in sequential financial metrics and the announced dividend, underscoring the company’s enduring strength in the FMCG sector.

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