The FMCG major had reported a net profit of Rs 5086.86-crore in the year-ago period. On a sequential basis, the bottomline was marginally flat from Rs 5,572.07-crore in the December 2023 quarter.

ITC's revenue from operations remained flat to Rs 17,571.72-crore in the fourth quarter of the financial year 2023-24, falling 1.4% Y-o-Y. Its topline stood at Rs 17,506.08-crore in the same quarter in the previous financial year. Its topline stood at Rs 17,224-crore in the quarter ended on 31 December 2023.

EBITDA for the quarter was at Rs 6,162.6-crore, fell by 0.8%, while EBITDA margin declined 70 basis points Y-o-Y to 37.2%. Its earnings were hit by flattish cigarette volumes and lower FMCG margins.

The company also recommended a final dividend of Rs 7.50 per share for the financial year ended 31 March, 2024, subject to declaration of the same by the members at the ensuing annual general meeting.

Segment-wise, revenue from the cigarettes business increased 7% Y-o-Y to Rs 8,689 crore in the March 2024 quarter, compared with Rs 8,092-crore in the last year quarter. The profit before tax (PBT) for the cigarettes business rose 5% Y-o-Y to Rs 5,157-crore in the preceding quarter.

The FMCG-others business reported revenues of Rs 5,308-crore in the fourth quarter, up 7% from Rs 4,951-crore posted in the corresponding quarter of last year. The PBT for the same declined 5% to Rs 480-crore.