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ITC Dividend 2021: Board approves Final Dividend of Rs 5.75 per share
ITC Limited, an FMCG-cigarette-to-hotel major, has declared a final dividend of Rs 5.75 per ordinary share of Re 1 each for the financial year ended March 31, 2021.Â
In a regulatory filing on Tuesday, the Kolkata-headquartered firm said that the Board of Directors at its meeting held on June 1, has recommended final dividend, subject to the declaration of the same by the members at the Annual General Meeting (AGM).Â
The Board has fixed June 11 as the Record Date for the purpose. ITC has convened its 110th AGM for August 11. The final dividend will be paid on August 13.
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.