ITC Q4 PAT up at Rs 4,259 crore on strong growth across segments

On Wednesday, ITC, the cigarettes-to- hotels major, reported an 11.60 per cent increase in consolidated profit after tax PAT at Rs 4,259. Growth across segments was led by 68 crore in the March quarter of Q 4. PAT was at Rs 3,816 in the year-ago period. There were 84 crore.

The company's consolidated revenues were Rs 17,754 The 02 crore was up 15.25 per cent from Rs 15,404. 37 crore were in the year-ago period. PAT was up sequentially, but revenues were down. PAT was at Rs 4,118 in the previous quarter. The revenues from operations were at Rs 18,365, with 80 crore and revenues from operations at Rs 18,365. It is estimated that there are 80 crore.

The board, at a meeting on Wednesday, recommended the appointment of Supratim Dutta as director, and also as a whole-time director for a period of three years with effect from July 22, 2022, according to a filing with the stock exchanges. Dutta was appointed chief financial officer in 2020.

The appointment is seen as part of succession planning as executive director Rajiv Tandon comes to an end on July 21, 2022. ITC's financial performance beat the estimates of Bloomberg for revenues at 15,983. Net income was Rs 4,003 and 9 crore. 7 crore.

The company attributed its performance to strong growth across all segments. The company said that the company said that the recovery was based on a broad-based recovery with volumes surpassing pre-pandemic levels. Revenues from the segment were 7,177. 01 crore was better than Rs 6,508. 43 crore were in the year-ago period. The segment's pre-tax profits stood at Rs 4,357. 44 crore compared to 3,895. A year ago, there was 27 crore.

The non-cigarettes FMCG business performed well despite the huge increase in key inputs' price, through focus on cost management interventions across the value chain, premiumisation, product mix enrichment and judicious pricing actions, according to the company.

In addition to that, the re-opening of educational institutions helped in the recovery of the education stationery productions business, even though it was still below pre-pandemic levels. Revenues from the non-cigarettes FMCG segment were 4,148. 62 crore was up from 3,694 a year ago. A year ago, there was 80 crore.

Revenues from agribusiness were Rs 4,375. 42 crore was better than Rs 3,383 crore a year ago. Pre-tax profits were at Rs 244.31 crore against Rs 185.11 crore.

Revenues from hotels segment were Rs 407.42 crore compared to Rs 302.35 crore. Pre-tax losses fell to Rs 29.08 crore from Rs 40.26 crore a year ago.

The hotels segment witnessed a smart recovery despite the third wave impacting recovery momentum in January-February 22 and exit occupancies surpassed pre-pandemic levels. ARRs saw a sequential improvement but remained below pre-pandemic levels.

Demand revival was aided by the fact that paperboard volumes were at record high and growth was aided by demand revival across most end-user segments. Revenues were 2,182 for the segment. 77 crore was compared to 1,655. There were 91 crore. Pre-tax profits were at Rs 449.69 crore against Rs 323.25 crore.