ITC (ITC) Q4 24/25 earnings summary

Executive summary

• Achieved resilient FY25 performance with Gross Revenue up 10.2% and EBITDA up 2.3% YoY, despite subdued demand and input cost escalation; Q4 Gross Revenue rose 9.2% and EBITDA 2.5% YoY.

• Board approved audited standalone and consolidated results for Q4 and FY25, with unmodified auditor opinions.

• Hotels business demerged into ITC Hotels Limited effective January 2025; ITC now holds 39.88% in ITCHL, reported as discontinued operations.

• Several value-accretive acquisitions in FMCG (Ample Foods, Sresta Natural Bioproducts, Mother Sparsh) and business transfer agreement for Century Pulp and Paper executed.

• Final dividend of ₹7.85/share recommended, total FY25 dividend at ₹14.35/share.

Financial highlights

• FY25 Gross Revenue: ₹73,465 crore (+10.2% YoY); EBITDA: ₹24,025 crore (+2.3% YoY); PAT: ₹20,092 crore (+0.9% YoY); comparable PAT up 1.4%.

• Standalone total income for FY25: ₹77,690.38 crore; consolidated total income: ₹84,142.47 crore.

• Standalone net profit (after tax, including discontinued operations) for FY25: ₹35,195.61 crore; consolidated net profit: ₹35,052.48 crore.

• Exceptional gain of ₹15,163 crore recognized from hotels demerger.

• Total dividend cash outflow for FY25: ₹17,956.69 crore.

Outlook and guidance

• Indian economy projected to grow at 6.5% in FY25 and FY26, with expected pickup in consumption, rural demand, and government capex.

• Ongoing focus on growth in FMCG, Paperboards & Packaging, and Agri Business segments.

• Inflation moderation, tax cuts, and RBI liquidity support anticipated to aid growth.