ITC Q4 results: ITC Net profit falls 1.3% to Rs 5,020 crore, ₹7.50 final dividend declared. ITC’s fourth-quarter profit declined 4% to ₹5,120 crore: Income stood at ₹19,446 crore, company will pay dividend of ₹7.50 per share.

The profit of FMCG company ITC, which makes cigarettes and soaps, in the fourth quarter (January-March) of the financial year 2024 declined by 4% on an annual basis (YoY) to ₹ 5120.55 crore. The company’s consolidated net profit in the same quarter a year ago was ₹5,335.23 crore.

The company has announced a final dividend of ₹ 7.50 paise per share for the financial year 2024. Companies give some part of the profits to their shareholders, it is called dividend. ITC released its fourth quarter and annual results today i.e. on 23 May.

0.19% decline in income on annual basis
Consolidated revenue from operations of ITC declined by 0.19% on an annual basis. Revenue from operations stood at ₹19,446.49 crore in Q4FY24. Revenue in the same quarter a year ago i.e. fourth quarter of FY23 was ₹19,484.50 crore.

Company’s profit increased by 6.60% in financial year 2024
ITC’s consolidated profit for full FY2024 increased by 6.60% to ₹20,458.78 crore. The profit in FY 2023 was ₹19,191.66 crore.

Revenue increase of 0.42% in FY 2024
ITC’s consolidated revenue increased to ₹76,840.49 crore in FY2024. Revenue in FY 2023 was ₹76,518.21 crore. That means there has been an increase of 0.42% in revenue.

What is standalone and consolidated?
The results of companies come in two parts – standalone and consolidated. Standalone shows the financial performance of only one unit. Whereas, in the consolidated financial report, the entire company is reported.

Here, ITC has 34 subsidiaries, 9 associates and 3 joint ventures. The financial reports of all these will be called consolidated. Whereas, the separate result of ITC will be called standalone.

ITC shares gave only 1.55% return in one year
After the results, ITC shares closed 0.068% higher at ₹ 440.20 today. In the last one year it has given only 1.55% returns. The stock has gained 0.55% in the last 6 months. The market cap of the company is Rs 5.53 lakh crore.

Sanjeev Puri is the chairman and managing director of ITC.
ITC is a leading multi-business Indian enterprise with presence in FMCG, Paper, Packaging, Agri-Business, Hotels and IT. Sanjeev Puri is the chairman and managing director of ITC.

This company was established in 1910, then the name of this company was Imperial Tobacco Company. Then in 1970 its name was changed to India Tobacco Company. After this, its name became ITC Limited in 1974.