ITC Q4 up 27% at Rs 1,028 cr, non-cigarette biz booming | business | Hindustan Times
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ITC Q4 up 27% at Rs 1,028 cr, non-cigarette biz booming

Riding on handsome performances by its cigarettes, other FMCG businesses and the agribusiness segment, conglomerate ITC registered a 27 per cent growth to Rs 1,028.2 crore in its net profit in the quarter ended March 31, 2010. It had posted a net profit of Rs 808.99 crore in the same period in the previous year.

business Updated: May 21, 2010 23:40 IST
HT Correspondent

Riding on handsome performances by its cigarettes, other FMCG businesses and the agribusiness segment, conglomerate ITC registered a 27 per cent growth to Rs 1,028.2 crore in its net profit in the quarter ended March 31, 2010. It had posted a net profit of Rs 808.99 crore in the same period in the previous year.

ITC’s non-cigarette FMCG segment saw revenue growth of 34 per cent in Q4. Hotels revenues and profits grew 16 and 10 per cent respectively.

The hotel-to-tobacco major has declared a special dividend of Rs 5.50 per share of Re 1 each and a dividend of Rs 4.50 per ordinary share for the financial year ended March, 2010.

Paper and Pulp investments leveraged to improve value capture and margins. Segment results grow by 35 per cent.

The company’s net income grew by 29 per cent in Q4 to Rs 5,131.61 crore from 3,985.92 crore recorded in the same period in the 2009-10 fiscal.

The Kolkata-based company said that its board will meet on June 18, 2010, to consider the issue of bonus shares.

Shares of ITC Ltd rose 3.3 per cent to end Friday at Rs 271.50 on BSE.