ITC Shares in Focus; Dividend of ₹6.5 Record Date Set for Tomorrow, February 12

ITC, the tobacco-to-hotels conglomerate has declared an interim dividend of ₹6.50 per share of ₹1 each for FY25, with the record date for determining eligible members set for February 12, 2025.

ITC Dividend Payout History

ITC has declared a total of 29 dividends since July 3, 2001. Below is a table detailing the company’s recent dividend payouts.

ITC Q3 FY25 Results

ITC reported a 1.2% increase in net profit for Q3 FY25, reaching ₹5,638 crore compared to ₹5,572 crore in Q3 FY24.Net revenue for the quarter grew by 8.6% year-on-year, totaling ₹17,726 crore.

The company’s FMCG Others business showed a 4% YoY revenue growth, reaching ₹5,418 crore for Q3 FY25, despite subdued demand conditions.

Revenue from the Cigarettes segment increased by 7.8% YoY to ₹8,136 crore, with an 8.1% growth after adjusting for excise duty and NCCD, primarily driven by volume growth. The Agri Business segment saw a 9.7% YoY revenue increase to ₹3,351 crore, supported by strong growth in Leaf Tobacco and value-added Agri products.

The Paperboards, Paper, and Packaging segment faced challenges from low-priced Chinese and Indonesian imports, weak domestic demand, and a sharp rise in wood prices. Segment revenue for Q3 FY25 was ₹2,144 crore, marking a 3.1% YoY increase.

The Hotels business experienced a robust 14.6% YoY revenue growth, reaching ₹922 crore. The business was demerged into ITC Hotels Limited (ITCHL) effective 1 January 2025, with ITCHL shares being listed on the stock exchanges on 29 January 2025.

Share Price Performance

ITC share price opened at ₹428.80, slightly higher than its previous close of ₹427.20. The stock has touched a high of ₹430.55 and a low of ₹427.70, showing a modest movement. Currently, it is up by ₹3.10, reflecting a 0.73% increase.

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