ITC Posts Good Results For Q4FY13

ITC, for Q4FY13, has beaten street expectations to post a growth of 19% on its bottomline on a YoY basis which to stand at Rs 1928 crore. The growth is fueled by a strong growth in its FMCG and Agri businesses. The topline for the concluding 3-month period of FY13 too was better than expected. This too witnessed a growth of 19% on a YoY basis to stand at Rs 8,180 crore.

On the segmental front, the company's FMCG business, other than cigarettes, has posted net sales worth Rs 2036 crore gaining 14.2%. While cigarette sales were marginally down by a per cent to Rs 3,623 crore. In its other FMCG business, it has brands like Sunfeast biscuits under its portfolio and other personal care products under the brand name of Fiama and Vivel has turned black this quarter. Its PAT stood at Rs 12 crore, compared to a loss of Rs 17 crore in the same period of the last fiscal.

The Agri Business profits grew by 13.7% on a YoY basis, driven by better realisations and higher volumes. The other segment like Paperboards, Paper & Packaging segment’s revenues were up by 9.1%, aided by higher volumes and product mix enrichment. The hotel business profit dipped by 51% on a YoY basis to Rs 40.63 crore. The company has declared a dividend of Rs 5.25 per share taking the dividend yield to 1.57%.