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ITC Q3 outcomes: Profit rises 13% YoY to Rs 4,156 cr; dividend declared at Rs 5.25

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NEW DELHI: FMCG main ITC on Thursday reported a standalone web revenue of Rs 4,156.20 crore for the December quarter, up 12.69 per cent in opposition to a revenue of Rs 3,687.88 crore in the identical quarter final 12 months.

This compares with ET Now ballot estimate of Rs 3873 crore.

Income from sale of merchandise got here in at Rs 16,633.86 crore, up 31.25 per cent in opposition to Rs 12,673.31 crore within the corresponding quarter final 12 months.

The corporate additionally introduced an interim dividend of Rs 5.25 per share. The corporate has mounted February 15 because the document date and the dividend can be credited by March 4, it stated.

ITC’s cigarette income got here in at Rs 6,244.11 crore for the quarter, rising 13.56 per cent in contrast to the year-ago interval. Income from different FMCG companies got here in at Rs 4,090.56 crore, up 9.26 per cent. Its lodge enterprise additionally confirmed important development.

The corporate stated its non-cigarette FMCG Ebitda (earnings earlier than curiosity, taxes, depreciation and amortization) for the quarter was Rs 372.88 crore, in contrast to Rs 359.62 crore for a similar quarter final 12 months.

Its non-cigarette FMCG vertical consists of branded packaged meals companies, training and stationery merchandise, private care merchandise, security matches and agarbattis and attire.

ITC stated it’s spending a significantly great amount on model constructing for this section. For the quarter, it spent Rs 2,274.69 crore in the direction of this expense, up 26.43 from the identical quarter final 12 months.

Forward of its earnings, ITC ended up 1.14 per cent on BSE.

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