ITC Q4FY22 PAT grows 11.8 pc to Rs 4,191 cr; EBITDA up 16.8 pc Rs 5,224 cr

The company said its PAT for FY22 stood at Rs 15,058 crore, up 15.5 percent against Rs 13,032 crore in FY21.

Gross revenue in the quarter ended March 31, 2022, of FY22 was Rs 16,227  crore, growing by 15.7 percent from Rs 14,023 in the year-ago period.

Net revenue increased to Rs 15,307 crore in Q4FY22, improving  16.2 percent from Rs 13,176 earned in the same quarter in the previous financial year.

For FY22, gross revenue stood at Rs 59,101 crore, up  22.7 percent compared to the previous financial year.

Net revenue for FY22 was Rs 55,724 crore, up 23.2 percent against FY21.

The company posted an EBITDA, which indicates the earnings potential of a company, Rs 5,224 crore in the quarter under review, improving 16.8 percent against the same period in FY21.

EBITDA for FY22 stood at  Rs 18,934 crore, up 22 percent from FY21.

Profit Before Exceptional Items & Tax grew 12.1 percent to Rs 5442 crore, against Rs 4854 crore in the same quarter of the previous year.

There was a Net Cash Generation from Operations of over Rs 13000 crores, up 32 percent YoY. 

In Q4FY22, FMCG- Others revenue rose 12.3 percent to Rs 4,142 crore while cigarettes grew by 10.0 percent to Rs 6443 crore.

Total FMCG revenue grew 10.9 percent to Rs 10,585 crore compared to the year-ago period.

The company said it witnessed strong growth in Discretionary/OOH categories while  there was Demand volatility in the Hygiene portfolio that remained significantly above pre-pandemic levels.

ITC said that the re-opening of schools and colleges during the quarter aided the recovery in the education and stationery products business.

FMCG-Others segment EBITDA grew 22.5 percent while there was a margin expansion of 75 bps despite inflationary headwinds.

 In FY22, ITC launched over 110 innovative products across hygiene, health & wellness, naturals and convenience categories.

There was revenue growth of  35.4 percent in the Hotels segment to Rs 390 crore during the quarter compared to the corresponding quarter in FY21. The segment recorded a positive EBITDA of 32 crore.  

ITC said exit occupancies surpass pre-pandemic levels during the quarter. There was a sequential improvement in ARRs but still below pre-pandemic levels.

Revenue from agri-business, involving wheat, rice, leaf tobacco exports,  was Rs 4366 crore during the quarter, a growth of  29.6 percent against the year-ago period. Profit in this segment grew by 28.5 percent driven by strong growth in revenue.

With robust growth led by higher realisations and volumes, revenue from Paperboards, Paper & Packaging segment stood at Rs 2183 crore, up  31.8 percent from Rs 1656 crore in the same quarter of FY21.

Gross Revenue from the sale of products and services stood at Rs 16227 crore, up 15.7 percent, against Rs 14,023 crore in Q4FY21.

The ITC board has approved a final dividend of Rs 6.25 per share. Including Interim Dividend of Rs. 5.25 per share, the total dividend for FY22 is Rs. 11.50 per share.

The company said it exceeded commitment on plastic neutrality; collected and sustainably managed more than 54000 tonnes of plastic waste.

ITC sustained its ‘AA’ rating by MSCI-ESG – the highest amongst global tobacco majors.

The company has also been included in the Dow Jones Sustainability Emerging Markets Index and rated at the 'Leadership Level' score of 'A-' for both Climate Change and Water Security by CDP.