Q4FY21 Result Update - ITC - ICICI Direct

ITC reported a strong set of numbers with 24% revenue growth led by 14.2% growth in cigarettes, 78.5% growth in agri business and 15.8% growth in FMCG business. With the recovery in out of home activity, cigarettes & paper business witnessed a recovery to pre-Covid levels. Cigarette volume grew ~7% during the quarter. FMCG business also saw strong growth with recovery in discretionary (deo, confectionaries & extruded snacks) categories. FMCG EBITDA margins improved 20 bps to 8.3%. The pace of improvement in FMCG margin was slower in Q4 with continued slower sales growth in high margin stationary business. Hotels business revenues declined 38.2% YoY but grew 22% sequentially. Operating profit saw 7.4% growth to Rs. 4473 crore. Operating margins contracted 486 bps given the losses in hotels business and the impact of negative operating leverage. PAT witnessed a dip of 1.3% to Rs. 3748.4 crore with higher tax payment compared to the corresponding quarter. The company declared a dividend of Rs. 5.75 per share. With this the full year dividend is Rs. 10.75 per share (100% payout).

For details, click on the link below: Link to the report

Shares of ITC LTD. was last trading in BSE at Rs.209.1 as compared to the previous close of Rs. 209. The total number of shares traded during the day was 2012427 in over 27562 trades.

The stock hit an intraday high of Rs. 210.8 and intraday low of 208.75. The net turnover during the day was Rs. 421739364.

Source : Equity Bulls

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