ITC PAT up 11.6% in Q4 at Rs 4,259.68 cr, beats analysts' estimates

Cigarettes business recovers with volumes surpassing pre-pandemic levels, says company.

ITC, the cigarettes-to-hotels major, reported on Wednesday an 11.60 per cent year-on-year (YoY) increase in consolidated profit after tax (PAT) at Rs 4,259.68 crore in the March quarter (Q4) led by growth across segments. In the year-ago period, PAT was at Rs 3,816.84 crore.

The company’s consolidated revenues were Rs 17,754.02 crore, up 15.25 per cent from Rs 15,404.37 crore in the year-ago period. PAT was up sequentially, but revenues were down. In the previous quarter, PAT was at Rs 4,118.80 crore and revenues from operations at Rs 18,365.80 crore.

The ITC board, at a meeting on Wednesday, recommended the