ITC's profitability boosts in Q1FY17

ITC’s revenue from operations has declined by 6.24 per cent to Rs 13156 crore in Q1FY17 as compared to previous quarter. The company’s EBITDA has reduced by 2.3 per cent to Rs 3525 crore in Q1FY17 on a sequential basis. However, its PAT has increased by 0.25 per cent to Rs 2384 crore in Q1FY17 on a quarterly basis.

On a yearly comparison basis, ITC’s top line has increased by 8.34 per cent to Rs 13253 crore in Q1FY17. The company’s EBITDA also has risen by 8.42 per cent to Rs 3526 crore in Q1FY17 on a yearly basis. Its bottom line has increased by 10.09 per cent to Rs 2385 crore in Q1FY17 as compared to previous fiscal year.

On segmental front, ITC has earned 70.68 per cent from FMCG, 1.91 per cent from Hotels, 18.6 per cent from Agri business and 8.81 per cent from paperboards, paper and packaging during Q1FY17. Out of FMCG segment, the company earned 77.53 per cent from Cigarettes and remaining 22.47 per cent from others in Q1FY17.

The share price of ITC has remained flat and has reduced by 0.06 per cent on bourses; closing at Rs 250.65 on an intraday basis.

ITC operates through four segments viz. fast moving consumer goods (FMCG), Hotels, Paperboards, Paper and Packaging, and Agri Business. The FMCG segment includes cigarettes and cigars, and others, such as branded packaged foods businesses, apparel, education and stationery products, personal care products, safety matches and agarbattis. Its Paperboards, Paper and Packaging segment include paperboards, paper, including specialty paper and packaging, including flexibles. Its Agri Business segment includes Agri commodities, such as soya, spices, coffee and leaf tobacco.