ITC Q4 Results: Diversified conglomerate ITC released its March quarter numbers on Thursday, May 22, reporting a consolidated net profit of ₹19,807 crore, boosted by an exceptional gain of ₹15,129 crore in Q4, arising from the demerger of its Hotels Business into ITC Hotels Limited. This gain was accounted for under discontinued operations in the consolidated financial statements.

Adjusted for the exceptional gain, the net profit stood at ₹4,662 crore, lower than the ₹5,190 crore reported in the same quarter of the previous financial year. The revenue from operations during the reporting quarter came in at ₹20,376 crore, beating Street estimates and marking a 10% increase over the ₹18,561 crore reported in the March 2024 quarter.

The company’s core FMCG segment, which includes cigarettes and other FMCG products, contributed ₹14,732 crore during the quarter, up from ₹13,996. crore a year ago. 

Within this, revenue from cigarettes rose to ₹9,228.66 crore compared to ₹8,688.92 crore in Q4 FY24, while the FMCG-Others segment increased to ₹5,503.33 crore from ₹5,307.94 crore.

The agri business segment saw a healthy rise, posting revenue of ₹3,694.64 crore, significantly higher than ₹3,136.43 crore in the same quarter last year. Revenue from paperboards, paper, and packaging stood at ₹2,188.69 crore, slightly higher than ₹2,072.86 crore in Q4 FY24, as per the company’s earnings’ report.