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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 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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हैदराबाद स्थित IT स्टॉक सिडनी, ऑस्ट्रेलिया में व्यापार विस्तार के बाद ऊँचा चढ़ा, वैश्विक उपस्थिति को मजबूत किया।

हैदराबाद स्थित IT स्टॉक में उछाल, कंपनी के सिडनी, ऑस्ट्रेलिया में व्यवसाय विस्तार की घोषणा के बाद।

वैश्विक इंजीनियरिंग लीडर ने ऑस्ट्रेलिया के पैरामेटा में अपना नया कार्यालय खोला, जिससे बाजार में अपनी उपस्थिति मजबूत की,