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.
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.