Shares of consumer giant ITC fell over two per cent in early trade on Wednesday. The company's shares fell today after it reported March quarter results on Tuesday. Here is all you need to know.
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.
Read more about ITC adjusted PAT rises 6.5% in Q4, declares final dividend of Rs 5.75 on Business Standard. The board has recommended a final dividend of Rs 5.75 per share; cigarette revenues rose 13.1% at Rs 6,508.43 crore
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