ITC’s Q4 FY24 net profit dipped 1% to Rs 5,120.55 crore despite a 2% revenue increase to Rs 19,446.49 crore. Expenses grew by 3%. Revenue from cigarettes rose by 7%, while FMCG-others segment saw a similar increase. However, agribusiness suffered a 13% decline due to trade restrictions. For the full year, net profit grew by 6.6% to Rs 20,458.78 crore, with marginal revenue growth of 0.4%. The board recommended a final dividend of Rs 7.50 per share. Despite the mixed results, ITC’s shares closed 0.33% higher at Rs 441.20 on Thursday.
ITC’s Q4 Performance Reflects Segment Variations
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