ITC Q4 & FY24 Results: Profit stagnates amid flat revenue | ITC results | ITC dividend

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Cigarettes, stationery, flour, and noodles - ITC produces it all. But how did this mega conglomerate fare in the March quarter and FY24? Let's break down the financial results:


**Revenue:**
ITC's revenue showed a modest increase of 2% in the March quarter, while the overall revenue growth for FY24 remained flat compared to last year.


**Net Profit:**
The net profit for the March quarter saw a slight decline of almost 1% year-on-year. However, the annual net profit for FY24 showed a 6.5% year-on-year increase.


**Segment Performance:**
- **Cigarettes:** Q4 revenue stood at ₹8,689 crore, with a 7% year-on-year growth.
- **FMCG-Others:** This segment reported a 7% revenue growth in Q4, reaching ₹5,308 crore.
- **Hotels:** Record high revenue of ₹931 crore in Q4, up by 15%.


- **Major Draggers:**
- **Agri Business:** Faced negative growth due to trade restrictions on agricultural commodities.
- **Stationery Business:** Struggled with competition from Chinese products and muted demand.


**Dividend:** ITC declared a final dividend of ₹7.5 per share.


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