ITC Ltd Q4FY22 PAT up 11.72% at Rs4,196 crore on sharp EBIT growth in the cigarettes business

22 May 2022 , 07:00 PM

ITC Ltd reported 15.43% increase in revenues yoy for the Q4FY22 quarter on consolidated basis at Rs16,556 crore. On a sequential basis, revenues were down for the quarter by -3.23%.

Full year FY22 revenues were up 22.3% at Rs64,618 crore. For Q4FY22, ITC saw yoy growth in revenues across all the key verticals viz. cigarettes,

FMCG products, hotels, agri business and in the paper boards business. Cash from operations improved in FY22 to Rs15,776 crore on the back of sharply lower funds locked up in inventories.

The consolidated net profit for Q4FY22 was up 11.72% at Rs4,196 crore. The net profits was higher by 3.43% on a sequential basis. Here is the EBIT performance by division.

Cigarettes saw EBIT grow yoy by 11.9% at Rs4357 crore, FMCG saw EBIT grow yoy by 30.4% at Rs239 crore, Agri business saw EBIT grow yoy by 31.9% at Rs244 crore, Paperboards saw EBIT grow yoy by 39.3% at Rs450 crore. Hotels EBIT remained in losses.

Net margins were 25.34% in Q4FY22 quarter compared to 26.18% in Q4FY21. NPM was higher compared to 23.71% in Q3FY22. Board approved final dividend of Rs.6.25 per share taking total dividend to Rs11.50.

Financial highlights for Mar-22 compared yoy and sequentially

	ITC Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 16,555.53	₹ 14,342.27	15.43%	₹ 17,108.16	-3.23%
Net Profit (Rs cr)	₹ 4,195.69	₹ 3,755.47	11.72%	₹ 4,056.73	3.43%
Diluted EPS (Rs)	₹ 3.40	₹ 3.05		₹ 3.29
Net Margins	25.34%	26.18%		23.71%