ITC Ltd.
EARNINGS PERFORMANCE
Q4FY20
REVENUE
PREVIOUS PERIOD
CURRENT PERIOD
-6%
12651
13308
REVENUE
REVENUE
ITC reported consolidated total income of (including other income) Rs.13,228 Cr during the period ended March 31, 2020 as against Rs.13,961 Cr during the period ended March 31, 2019 posting a decrease of 6% YoY.
The company has reported a consolidated total income of Rs.53,991 Cr during the fiscal year as against Rs.52,036 Cr posting an increase of 4% YoY.
FMCG-Others Segment Revenue up appx. 5% on a comparable basis (excluding the Lifestyle Retailing Business). Prior to the outbreak of the pandemic, the FMCG-Others segment was on track to register double-digit revenue growth for the fourth quarter, on a comparable basis
Agri-Business witnessed strong revenue growth of appx. 15% driven by trading opportunities in oilseeds & pulses and scale-up of the value-added portfolio, especially spices, frozen shrimps and frozen snacks.
The Hotels Business posted strong growth in Segment Revenue and Segment Results of appx. 19% and 29% respectively during the first nine months of the year. This momentum was sustained in January'20 and February'20. However, the Business was severely impacted by the outbreak of COVID-19 pandemic towards the end of the year.
EBITDA
PREVIOUS PERIOD
CURRENT PERIOD
-6%
5172
5498
EBITDA
EBITDA
The company's total expenses were at Rs.8,485 Cr in the fourth quarter of 2019-20 as against Rs.8,779 Cr in the year-ago quarter.
PROFIT
PREVIOUS PERIOD
CURRENT PERIOD
-3%
3927
4048
PROFIT
PROFIT
It reported a consolidated net profit of Rs.3,927 Cr as against a net profit of Rs.4,048 Cr for the corresponding period posting a decrease of a tad 3% YoY.
Its consolidated net profit after tax stood at Rs.15,585 Cr as against Rs.12,824 Cr for the corresponding fiscal year posting an increase of 22% YoY.
EPS of the company decreased from Rs.3.24 in Q4FY19 to Rs.3.14 in Q4 FY20.
The company has reported EPS of Rs.12.47 for the 12 months period March 31, 2020, as against Rs.10.30 for the corresponding period.
ITC (Indian Tobacco Company) has always maintained a low profile when it comes to its Cigarettes business, this business is the cash cow of the company it contributes 46.46% of their revenues and FMCG others segment contributes just 22.60%. ITC has been trying to reduce its dependence on Cigarette's business and trying to increase its FMCG others segment contribution and they have been largely successful in doing that. In 2015-16 Cigarette business used to contribute 63% of their revenues and now it is around 46%, but even though Cigarette's contribution may have reduced it contributes 67% to their EBIT margins.
SUMMARY
PREVIOUS
CURRENT
12561
13308
MISSES
REVENUE
-6%
5172
5498
-6%
INLINE
EBITDA
3927
4048
-3%
INLINE
PROFIT