ITC Posts Rs. 4191 crore net profit, declares dividend of Rs 6.25 crore

ITC Q4 Results: FMCG Company ITC 2021-22 Announces Fourth Quarterly Results. During the quarter, ITC posted a net profit of Rs. 4,190.96 crore in the fourth quarter of the previous year 2020-21. Almost 12 per cent more than Rs 3,748.42 crore.

ITC revenue grew by 16.02 per cent. The company’s revenue for the fourth quarter of 2021-22 was Rs. 16,426 crore during the same quarter last fiscal. More than 14,156.98 crores. The ITC Board has set a target price of Rs. 6.25 Dividend declared, which will be paid to investors between July 22 and 26. Earlier, in February, the company also paid an interim dividend of Rs 2.25 crore to investors.

The cigarette business grew by 9.96 per cent to Rs 6,443.37 crore, while the FMCG business grew by 12.32 per cent to Rs 4,141 crore. The company’s hotel business reported 35.39 per cent revenue growth. Thus the income from the agribusiness increased by almost 30 per cent. The ITC results came after the market closed. Earlier in the day, the stock had gained 0.79 per cent to close at Rs 267.

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2022-05-18 14:24:06

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