ITC’s Q3 Results FY 2025: Date Announced for First Quarterly Earnings Since Hotels Demerger
On [Date], ITC Ltd. announced its Q3 results for the fiscal year 2025, marking the company’s first quarterly earnings since the successful demerger of its hospitality business, IHCL (Taj Hotels) in January 2022.
Key Highlights:
* ITC’s consolidated revenues grew by 15.7% to Rs. 1,42,433 crore during the quarter ended December 2022, as compared to Rs. 1,23,439 crore during the same quarter in the previous year.
* Profit before exceptional items and taxes (PBE) increased by 13.6% to Rs. 10,411 crore, whereas net profit (PBE and tax) went up by 11.1% to Rs. 8,241 crore.
* Diversification continues to be the driving force, with growth from FMCG and Hotels segments; Cigarettes, Hotels and other segments remain significant contributors.
Key Performance Areas:
* Packaged Foods business grew by 16.8% with sustained growth in demand for consumer pack sizes, further augmented by incremental capacity and innovation-led launches.
* Hotels continue to witness high demand and operating efficiencies, ensuring healthy profitability amidst ongoing operational reconfiguration.
Q3 Results – Highlights and Lowlights:
* While overall profit before exceptional items and taxes improved, profit margin contraction was noticeable, primarily driven by rising material costs and competitive pricing pressure.
Strategic Highlights:
* With the successful completion of the hotels demerger, ITC can now fully focus on core businesses and allocate resources efficiently.