ITC Q4 results

    ITC Q4 Results: Profit falls marginally to Rs 5,120 crore, misses estimates

    ITC Q4 Results: Revenue from operations rose 2% year-on-year (YoY) to Rs 19,446 crore in the January-March 2024 period, compared with Rs 19,058 crore in the corresponding period of last year. The Board has also recommended a final dividend of Rs 7.50/share for the financial year ended March.

    ITC share price targets go well beyond Rs 500 after Q4 results. Should you buy, sell or hold?

    ITC's Q4 results disappoint investors, shares drop nearly 1% to Rs 437.85. Brokerages raise target prices up to Rs 540. Citi sets target at Rs 515, warns of regulatory impact. Morgan Stanley targets Rs 506, CLSA at Rs 470. Motilal Oswal sees defensive potential, Kotak trims EPS, targets Rs 465. JM Financial holds highest target of Rs 540, emphasizes on cigarette volume growth and capital allocation strategy for rerating.

    ITC Q4 Results: Net profit drops marginally to Rs 5,020 crore

    Revenue from operations went up by 1.4% at Rs 17,752.87 crore in the period under review. The company said excluding the agri-business (which was severely impacted due to government restrictions in trade of agri-commodities), the company’s gross revenue during the fourth quarter has gone up by 6% y-o-y.

    ITC to seek shareholder approval on June 6 for hotels biz demerger

    As part of the demerger, which will unlock value for its 36 lakh shareholders and also improve the capital allocation of the parent company, ITC will own 40% of ITC Hotels. The remaining 60% will be owned by ITC shareholders in proportion to their ownership in the parent entity.

    ITC announces final dividend of Rs 7.50 per share. Check record date

    ITC board declares a final dividend of Rs 7.5 per share alongside Q4 profit of Rs 5,120 crore, missing estimates. Total dividend for FY24 set at Rs 13.75 per share. Revenue up 2% YoY. Stock shows strong technical performance.

    ITC Q4 Results: Profit jumps 23% YoY to Rs 5,175 crore; dividend declared at Rs 9.5/share

    Diversified conglomerate ITC Ltd's consolidated net profit rose 23% year-on-year to Rs 5,175 crore in the March quarter. The same stood at Rs 4,196 crore a year ago. The Board has recommended a final dividend of Rs 6.75 and special dividend of Rs 2.75 per equity share. Revenue from operations during the March quarter surged 7% to Rs 19,058 crore as against Rs 17,754 crore in the year-ago quarter.ITC Q4 Results: Profit jumps 23% YoY to Rs 5,175 crore; dividend declared at Rs 9.5/share

    ITC Q4 Results Preview: Net profit for quarter is likely to rise up to 17%

    Diversified conglomerate ITC is expected to report steady revenues in the March quarter, lifted by strong growth in the cigarette business.ITC's revenues are seen rising 3-6% for the quarter ended March, according to an average estimate of five brokerages. Net profit for the quarter is likely to rise up to 17% to Rs 4,911 crore.ITC Q4 Results Preview: Net profit for quarter is likely to rise up to 17%

    LIC earns Rs 2,940 crore as dividend income from ITC

    State-run Life Insurance Corporation of India (LIC) has invested in Nifty stock ITC and has reaped a rich dividend of around Rs 2,940 crore in FY23. ITC is LIC's second largest bet and comprises around 15% of its Rs 10 lakh crore stock portfolio. The PSU insurer holds over 189.68 crore equity shares (15.27%) in ITC according to latest public shareholding data available on the BSE.

    Can ITC stock’s dream run continue after Q4 results? What brokerages say

    ITC, a diversified conglomerate, reported better than estimated January to March quarter results. Top brokerages maintained their bullish recommendations on the stock. ITC's consolidated net profit rose 23% year-on-year to Rs 5,175 crore for the March quarter on Thursday. The same stood at Rs 4,196 crore a year ago. The revenue from operations during the reporting quarter surged 7% to Rs 19,058 crore as against Rs 17,754 crore in the year-ago

    ITC announces Rs 9.50 per share dividend; sets May 30 as record date

    ITC has announced a final dividend of Rs 6.75 per share and a special dividend of Rs 2.75 per share for the financial year ended March 31, 2023.

    ITC Q4 Results: Profit jumps 23% YoY to Rs 5,175 crore; dividend declared at Rs 9.5/share

    Diversified conglomerate ITC Ltd's consolidated net profit rose 23% year-on-year to Rs 5,175 crore in the March quarter. The same stood at Rs 4,196 crore a year ago. The Board has recommended a final dividend of Rs 6.75 and special dividend of Rs 2.75 per equity share. Revenue from operations during the March quarter surged 7% to Rs 19,058 crore as against Rs 17,754 crore in the year-ago quarter.ITC Q4 Results: Profit jumps 23% YoY to Rs 5,175 crore; dividend declared at Rs 9.5/share

    ITC Q4 Results: Profit surges 23% YoY to Rs 5,175 crore; revenue rises 7%

    ITC Ltd's consolidated net profit stood at Rs 4,196 crore a year ago. The Board has recommended a final dividend of Rs 6.75 and special dividend of Rs 2.75 per equity share.

    ITC Q4 results today: What to expect & how the Nifty topper stock may react

    The ITC stock is expected to report strong growth in both net profit and volume in the March quarter. Investors are cautious over the company's weaker performing agri business due to the export ban.

    ITC Q4 results today: What to expect & how the Nifty topper stock may react

    The ITC stock is expected to report strong growth in net profit and 13% YoY volume growth in cigarettes, but investors are cautious over the company's weaker performing agri business due to the export ban.

    ITC Q4 Preview: PAT seen rising 17% YoY; cigarette biz to show strong growth

    ITC is expected to report steady revenues in the March quarter, lifted by strong growth in the cigarettes business. The company's revenues are seen rising 3-6% for the quarter ended March, according to an average estimate of five brokerages. Net profit for the quarter is likely to rise up to 17% to Rs 4,911 crore. While cigarette business is expected to put up a strong show, hotels business will likely benefit from the pent-up demand from Covid and price hikes.

    4 MFs cut stake in ITC in April even as stock surged. What should investors do?

    Four domestic fund houses have reduced their exposure to ITC, one of the top holdings of many mutual funds, in April, despite the stock hitting all-time highs. Nippon India MF sold a stake worth INR157cr ($21m) in the FMCG conglomerate, while ICICI Pru MF has offloaded stocks worth INR426cr. SBI Mutual Fund and Tata Mutual Fund sold shares worth INR376cr and INR118cr, while only Sundaram Fasteners MF has added a stake worth INR43cr. Overall, mutual funds combined have decreased their holdings in ITC by 6.1 million shares.

    ITC to announce Q4 results and dividend on May 18

    ITC will declare its Q4 earnings on May 18th, along with the final dividend for FY22. The firm has already acquired over 39% of share capital in Sproutlife Foods Private Limited for Rs 175 crore. In Q3 FY23, the company posted a 21% YoY increase in net profit to Rs 5,031 crore. The target price for ITC is Rs 435 per share, and out of 32 analysts covering the stock, 30 have given strong buy and buy ratings. Recently, ITC has surpassed Infosys to become the sixth-largest company by market cap.

    ITC shares cross Rs 400 mark for first time, becomes top Nifty gainer in 1 year

    Brokerage firm Sharekhan has a ‘buy’ rating on ITC with a target price of Rs 450. As per Trendlyne data, the average target price of the stock is Rs 434 per share, which shows an upside potential of 8.5% from the current market prices

    ITC Q4 Results: Profit rises 11.8% YoY to Rs 4,191 crore; revenue grows 16%

    The results, announced after market hours, exceeded street expectations for both revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA). In fact, the ITC scrip gained 0.72% to close at Rs 266.5 on the Bombay Stock Exchange on Wednesday, when the Sensex closed at a decline of 0.2%.

    ITC Q4 Results: Profit rises 12% YoY to Rs 4,191 cr, beats estimates

    The profit figure came in higher than an ET Now poll projection of Rs 4,118 crore.

    ITC can be more than a puff of hope if FMCG, agri light up

    ITC's revenues rise across businesses on low base effect, but Covid poses near-term challenges. The stock is likely to be under pressure in the absence of a trigger even as growth potential remains strong.

    ITC Q4 preview: Net profit may fall 2% YoY, operating margin likely to shrink

    The company’s net sales in the reporting quarter may see a growth of 12.2 per cent on-year to Rs 12,169.7 crore aided by the low base of the year-ago quarter. Analysts also expect the company’s cigarette volumes to rise 2-9 per cent in the quarter.

    ITC Q4 Results: Net profit falls 1.3% YoY, beats estimates; firm to pay Rs 5.75 dividend

    The company’s board approved a final dividend off Rs. 5.75 per share for the financial year ended March 2021.

    ITC Q4 profit beats Street estimates; key takeaways

    Analysts in an ET NOW poll had projected a profit of Rs 3,201 crore.

    ITC Q4 profit rises 19% YoY to Rs 3,482 crore, but margins disappoint

    ITC today also named its managing director Sanjiv Puri as chairman effective immediately.

    ITC reports 10% YoY rise in Q4 profit at Rs 2,933 crore, announces Rs 5.15 dividend

    The firm had posted a net profit of Rs 2,669.47 crore in the corresponding quarter last year.

    ITC Q4 results: Standalone net profit rises 9% to Rs 3,797 crore; announces Rs 10.15 dividend

    An ET Now poll had pegged the March quarter net profit at Rs 3,739.3 crore.​​

    HSBC downgrades ITC to ‘neutral’ post Q4 results

    HSBC has downgraded ITC from ‘overweight’ to ‘neutral’ rating but has marginally upped price target from Rs 358 earlier to Rs 365.

    ITC Q4 net up 25% at Rs 1,281 crore

    Analysts said the company's mainstay cigarette sales dipped 2%in volume term in the quarter, but they expect it to pick up in the current quarter because of a lower base in the year-ago period.

    ITC Q4 results disappoint; PAT up 3.5% at Rs 2360 cr; stock likely to react negatively on Monday

    ITC has reported a disappointed set of numbers for quarter ended March 2015. The stock is likely to open with a gap-down on Monday.

    The Economic Times
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