ITC Q4 profit marginally down to ₹5,191 cr, revenue up 2% at ₹19,446 cr
ITC Ltd reports a slight decline in Q4 profit, with revenue up 2% from the previous year.
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ITC Ltd reports a slight decline in Q4 profit, with revenue up 2% from the previous year.
India Business News: ITC Ltd, a diversified conglomerate, announced a slight decrease in its consolidated net profit for the quarter ending March 31, 2024, amounting to Rs
ITC Q4 Result: "While consumption demand remained subdued in Q4 FY24, improving macro-economic indicators, prospects of a normal monsoon and green shoots witnessed in rural demand recovery after several quarters, augur well for revival in consumption demand in the near term," said an ITC earning statement.
ITC Ltd posted a slight decline in Q4 2024 net profit at Rs 5,190.71 crore due to subdued consumption demand. Despite this, the company's FMCG segment, including cigarettes, registered notable growth alongside record performance in its hotel segment. The board recommended a total dividend of Rs 13.75 per share for FY24.
The company's total income rose to Rs 6,477.9 crore in the January-March quarter from Rs 6,230.2 crore in FY23