ITC Q4 Results- The March Quarter Results (Q4FY25) of the Diversified Congress Ltd was Announced on Thursday, May 22. The company was reported a consolidated network of 19,807 Crore, which was enhanced by an extraordinary gain of 15,145 Crore in Q4 due to the demeger of its hotels Business ITC Hotels Limited. In the consolidated financial statements, this gain was reported under discontinued operations.
The Net Profit after Accounting for the Extraordinary Gain Stood at 4,662 Crore, which was less than the 5,190 Crore recorded in the same Quarter of the Prior Fiscal Year. Operating Revenue for the reporting Quarter was 20,376 Crore, which was 10% more than the 18,561 Crore recorded in the March 2024 Quarter and Exceded Street Predictions.
ITC Ltd- Analysts views
Jefferies India Pvt Ltd said that ITC reported broadly in-line results despite severe pressure in FMCG & Paperboards. Cigarette Volume Growth of 5% was in line without jefferies expectations and appears strong in the context of growth reported by fmcg peers. However, Jefferies said that the business decided margin pressure (cost inflation along with limited product price hike). FMCG Performance was affected mainly by tough macro conditions, resulting in sharp ebit decline. Paperboards was also quite weak but offset by a strong agri segment.
Jefferies however maintains buy ratings on the stock looking at reasonable valuations with target price of 535, Thought they have made a series of changes to their assumptions, resulting in a 1% cut in earnings per share with the main reason with the number of visibility on cigarette price hike.
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.