ITC Q3 FY25 revenue up 8.4% YoY at Rs 18,953 cr; PAT at Rs 5,638 cr

Amidst a challenging operating environment as stated above, ITC Ltd delivered a resilient performance during third quarter ended December 31, 2024. Gross Revenue stood at Rs 18,953 crore, representing a growth of 8.4% YoY. Profit before tax (PBT) (before exceptional items) and profit after tax (PAT) stood at Rs 6,847 crore and Rs 5,638 crore, respectively.

The company’s gross revenue was driven by Agri Business, Hotels & Cigarettes. At the same time sharp cost escalation in key input materials (edible oil, wheat, potato, leaf tobacco, wood, etc.) was witnessed during the quarter.

EBITDA was up 3% YoY; ex-Paper up 4.5% YoY.

ITC’s FMCG Businesses delivered resilient performance amidst muted demand conditions with Segment Revenue growing 4.0% YoY to Rs 5,418 crore; up 5.2% YoY ex-Notebooks. Atta, Spices, Snacks, Frozen Snacks, Dairy, Premium Personal Wash, Homecare & Agarbatti drove growth.

Agri Business Segment Revenue was up 9.7% YoY led by Leaf Tobacco & Value Added Agri products; Segment PBIT witnessed robust uptick - up 21.6% YoY.

Cigarettes Net Segment Revenue was up 8.1% YoY, while Segment PBIT was up 4.1% YoY.

ITC’s Paperboards, Paper and Packaging Segment remains impacted due to low priced Chinese & Indonesian supplies in global markets, including India, soft domestic demand conditions and unprecedented surge in wood prices.

The company's Hotels Business demerged into ITC Hotels Limited (ITCHL) with effect from January 1, 2025. The business delivered stellar performance during the quarter with Revenue at Rs 922 crore, growing by 14.6% YoY on a high base; Profit before tax stood at Rs 302 crore up 43.4% YoY.

Also Read: ITC to acquire Prasuma, expanding footprint in frozen, ready-to-cook foods