ITC Q4 net profit surges to ₹19,562 crore on hotel demerger gains
Kolkata: ITC Ltd’s net profit for the January–March quarter of FY25 rose sharply to ₹19,561.57 crore, more than tripling from ₹5,020.20 crore in the same period last year.
The extraordinary jump was driven by an exceptional gain of ₹15,163 crore arising from the demerger of its hotels business into a separate entity, ITC Hotels Ltd.
Excluding the discontinued operations, profit from continuing businesses stood at ₹4,874.71 crore, up marginally from ₹4,837.46 crore in the year-ago quarter.
The company’s total income for Q4 rose 8.9% year-on-year to ₹19,289.51 crore, while revenue from operations grew 9.4% to ₹18,494.06 crore.
Segment-wise, the FMCG-cigarettes business remained the largest contributor, with revenue at ₹8,399.61 crore, followed by FMCG-others at ₹5,494.63 crore.
Agri business revenue rose to ₹3,649.16 crore from ₹3,100.73 crore a year ago.
ITC’s profit from discontinued operations stood at ₹14,686.86 crore in Q4, largely reflecting the one-time gain from the hotel business demerger.
The hotels business was transferred to ITC Hotels Ltd effective January 1, 2025, and is now classified as an associate.
The company’s board has recommended a final dividend of ₹7.85 per share.
Including the interim dividend of ₹6.50 paid in March, the total payout for FY25 stands at ₹14.35 per share, higher than last year’s ₹13.75.
The total cash outflow on account of dividends amounts to ₹17,956.69 crore.
The standalone earnings per share (EPS) for the quarter stood at ₹15.64 (basic), up from ₹4.02 a year ago.
For the full year, ITC posted a net profit of ₹35,195.61 crore, against ₹20,421.97 crore in FY24.
The company's total expenses for the quarter were ₹12,872.66 crore, up from ₹11,416.19 crore a year earlier.
ITC also disclosed recent acquisitions, including Sresta Natural Bioproducts, and a deal to acquire the pulp and paper business of Aditya Birla Real Estate Ltd, indicating continued diversification and expansion in its core verticals.
The 114th Annual General Meeting has been scheduled for July 25, 2025.
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