ITC’s Q1FY25 Results

ITC reported a 7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 3%.
Its expenses for the quarter were up by 11% QoQ and 4% YoY.
The net profit decreased 0.2% QoQ and 0.3% YoY.
The earnings per share (EPS) of ITC stood at 4.1 during Q1FY25.

ITC’s Financial Statements for Q1FY25:


Total income	20,130	19,362	20,724	7%	3%
Total expenses	13,294	12,422	13,791	11%	4%
Profit before tax	6,837	6,950	6,938	-0.2%	1%
Tax	1,647	1,760	1,761	0.1%	7%
Profit after tax	5,191	5,190	5,177	-0.2%	-0.3%
Earnings per share	4.1	4.1	4.1

Financials:

Revenue Growth: ITC’s total income for Q1FY25 increased to ₹20,724 crores, marking a 3% increase year-on-year (YoY) from Q1FY24.
Revenue from Operations: The company's revenue increased 7.45% year over year, reaching ₹20,029.60 crores compared to ₹18,639.48 crores in the corresponding quarter last year.
Profit Before Tax: The profit before tax for Q1FY25 was ₹6,938 crores, which is a slight decrease of 0.2% QoQ but up by 1% YoY.
Profit After Tax: The profit after tax stood at ₹5,177 crores, a marginal decline of 0.2% QoQ and 0.3% YoY.
Earnings Per Share (EPS): EPS remained steady at ₹4.1 for Q1FY25, unchanged from YoY.
EBITDA: ITC's consolidated EBITDA for Q1FY25 stood at ₹6,295 crores, up 0.7% from ₹6,250 crores in the same period in FY24.

Management Commentary:

In a statement, the company said,

“While private consumption expenditure remains relatively subdued, the Indian economy continues to be extremely resilient amidst a global growth slowdown due to multi-dimensional and purposeful policy interventions by the Government, with sustained public expenditure in creating physical, digital, agri, and rural infrastructure.
Gross revenue was recorded at ₹19912.10 crores, driven by Hotels, Value Added Agri products and Leaf Tobacco. FMCG – Others and Cigarettes delivered resilient performance amidst subdued demand conditions. While green shoots of demand recovery emerged during the quarter in the Paperboards, Paper, & Packaging segment, performance remained impacted largely due to cheap Chinese supplies in international markets, including India and a surge in domestic wood prices.”

Data Source: BSE, Company announcements
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