ITC Limited has informed the Exchange regarding Board meeting held on May 22, 2025.
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ITC's Board approved audited Standalone and Consolidated financial results for Q4 and FY25 (ended March 31, 2025). Standalone revenue from operations rose to Rs 74,236 crore (from Rs 67,293 crore, up ~10.3%), while continuing operations PAT was nearly flat at Rs 20,092 crore (vs Rs 19,910 crore). Total reported PAT jumped to Rs 35,196 crore, boosted by a one-time exceptional gain of Rs 15,163 crore from the demerger of the Hotels business into ITC Hotels Limited (ITCHL), effective January 1, 2025. ITC now holds 39.88% in ITCHL as an associate, and shareholders received ITCHL shares in the ratio of the scheme. The Board recommended a final dividend of Rs 7.85/share, taking total FY25 dividend to Rs 14.35/share (vs Rs 13.75/share earlier). Statutory auditors (S R B C & Co LLP) issued an unmodified opinion. The Board also cleared acquisitions (Ample Foods, Sresta Natural Bioproducts, Mother Sparsh, and Century Pulp & Paper) and re-appointment of an Independent Director.
The headline profit surge is largely an accounting one-time gain from the Hotels demerger and not reflective of underlying business growth, which remained modest. Underlying FMCG and Cigarettes business continues to grow steadily, and the higher dividend is a positive for income-seeking shareholders. The demerger unlocks separate value for ITCHL shareholders while ITC retains a 39.88% stake.