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ITC Q4 Results 2022

19 May 2022

India’s largest cigarette manufacturer ITC Ltd posted its Q4 FY22 results. The company’s profit after tax was up 11.6% YoY (Year on Year) to Rs 4,259 crore in the quarter under review from Rs 3,816 crore in the year-ago period. On a sequential basis, the profit after tax was up 3.4% QoQ (Quarter on Quarter) to Rs 4,259 crore from Rs 4,118 crore in the previous quarter.

The company’s revenue from operations is up 15.2% YoY to Rs 17,754 crore from Rs 15,404 crore in Q4 FY21. The revenue from operations is down 3.3% QoQ to Rs 17,754 crore from Rs 18,365 crore in Q3 FY22. ITC’s total income is up 14% YoY to Rs 18,252 crore from Rs 15,983 crore in the year-ago period. On a sequential basis, the total income is down 2.8% QoQ to Rs 18,252 crore from Rs 15,983 crore in the previous quarter.

The Board of Directors of the Company has recommended a Final Dividend of Rs 6.25 per ordinary share. In addition to the above, the Board on 3rd February 2022 declared an Interim Dividend of Rs 5.25 per ordinary share, which was paid on 4th March 2022. Together with the said Interim Dividend, the Total Dividend for the financial year ended 31st March 2022 amounts to Rs 11.50 per ordinary share.

ITC stock closed in the green at Rs 266.80, up 0.79% at the end of the intraday trading session on May 18, 2022, ahead of the company’s quarterly results.

Highlights of ITC Q4 Results 2022

  • PAT (Profit After Tax) up 11.6% YoY to Rs 4,259 crore in the quarter under review from Rs 3,816 crore in the year-ago period
  • PAT up 3.4% QoQ to Rs 4,259 crore from Rs 4,118 crore in the previous quarter
  • Gross Revenue at Rs. 59101.09 crores increased by 22.7%
  • Q4 Gross Revenue up 15.7%
  • Q4 Segment EBITDA up 22% YoY and 46% over Q4 FY20
  • Earnings Per Share (EPS) up at Rs 3.40 from Rs 3.05 in the year-ago period and Rs 3.29 in the previous quarter

Segment-wise revenue

  • FMCG (Cigarettes): Revenue up 10.2% YoY to Rs 7,177 crore from Rs 6,508 crore in the year-ago period
  • FMCG (Others): Revenue up 12.2% YoY to Rs 4,148 crore from Rs 3,694 crore in the year-ago period
  • Hotels: Revenue up 33.7% YoY to Rs 407 crore from Rs 302 crore in the year-ago period
  • Agribusiness: Revenue up 29.3% YoY to Rs 4,375 crore from Rs 3,383 crore in the year-ago period
  • Paperboards, paper & packaging: Revenue up 31.8% YoY to Rs 2,182 crore from Rs 1,655 crore in the year ago period
  • Others: Revenue up 2.6% YoY to Rs 658 crore from Rs 641 crore in the year-ago period

What the Management says about ITC Quarterly Results

The operating environment during the year remained extremely challenging and was marked by heightened uncertainty and volatility due to the COVID pandemic and unprecedented inflationary headwinds; geopolitical tensions towards the end of the year exacerbated the situation. In spite of significant disruptions during the year, the Company’s consumer-centricity, agility in seizing market opportunities, focus on execution excellence harnessing learnings from previous waves, and proactive strategic interventions enabled it to post robust growth in Revenues and Profits, surpassing pre-pandemic levels.

Other things to know about ITC Q4 Results

  • The company’s P/E ratio is at 24.78 against the industry average of 44.45
  • ITC’s P/B ratio is at 5.37 against the industry average of 8.62
  • The company’s dividend yield is at 4.06% against the industry average of 1.62%
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