Shares of ITC crossed the Rs 300 mark for the first time in three years in trade today amid higher broader markets. ITC stock hit a fresh 52-week high of Rs 302.2 today against the previous close of Rs 298.10 on BSE. ITC stock was trading higher than 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
Shares of ITC hit a fresh 52 week high amid market rally today. ITC stock touched an intraday high of Rs 294.45 against the previous close of Rs 291.80 on BSE. ITC stock was trading higher than 5-day, 20-day, 50-day, 100-day and 200-day moving averages. It closed 0.39 per cent higher at Rs 292.95 on BSE.
Promoted
The company s board recommended a final dividend of Rs 5.75 per ordinary share of Re 1 each for the financial year 2020-21, upon declaration of board members. If declared, the final will be paid on August 13, 2021. ITC s cigarette business reported recovery with the easing of restrictions and improved mobility. Its volumes touched nearly pre-Covid levels towards the end of the year, said the company in its statement.
ITC s earnings before interest, tax, depreciation, and amortization (EBITDA) of the non-cigarette FMCG business grew 19.3 per cent in the fourth quarter of fiscal 2020-21, to Rs 305.98 crore. The company s agriculture business reported strong growth in the March quarter, with its sales surging 78 per cent on yearly basis.
Cigarette-to-hotel conglomerate ITC on Tuesday reported a consolidated net profit of Rs 3,755 crore for the quarter ended March 31, 2021 (Q4FY21), down 3 per cent from Rs 3,856 crore clocked in the corresponding quarter a year earlier (Q4FY20). The FMCG major s consolidated revenue from operations rose to Rs 15,404 crore during the quarter from Rs 12,560 crore in the year-ago period, an increase of 22.6 about per cent. Sequentially, the profit after tax (PAT) jumped 6.4 per cent. It was Rs 3,526 crore during the December quarter (Q3FY21). The board has recommended a final dividend of Rs 5.75 per share for the financial year 2020-21. Segment wise, revenue from cigarette business grew 13 per cent to Rs 6,508 crore from Rs 5,750 crore a year ago, while the earnings before interest and tax (EBIT) or pre-tax profit for the same rose 6.7 per cent to Rs 3,895 crore during the quarter from Rs 3,649 crore in the year-ago period.