ITC Q4 results FY2024: Dividend announcement in quarterly earnings - Check preview, expectations
itc q4 results fy2024: dividend announcement in quarterly earnings - check preview, expectations
ITC Q4 Results Preview, ITC Dividend 2024 Announcement: ITC Limited is all set to announce its Q4 results FY2024 (quarterly results). The largecap company will announce its quarterly earnings on May 23 (Thursday). ITC has informed that the board could also recommend a dividend for its shareholders in the Q4 results.
ITC Q4 Results Preview
According to an ET NOW poll, ITC's PAT in the fourth quarter is seen rising a meager 1.2 per cent YoY to Rs 5,149 crore against Rs 5,086 crore reported in the same quarter of the last fiscal.
The revenue in the three-month period is estimated to grow by 3.9 per cent to Rs 17,027 crore. The revenue in the same quarter of FY2023 stood at Rs 16,389 crore.
The FMCG giant's EBITDA could drop by 1.3 per cent to Rs 6,129 crore in the quarter under review. The margin, as per the poll, is seen at 36 per cent.
The ET NOW poll said that cigarette volume in Q4 is expected to remain flat. The FMCG business will see high single digit growth as food categories continue to fare better. The margin in the FMCG segment is, however, likely to decline due to PLI benefits in the base.
The hotel business is expected to sustain strong growth while the agri and paper businesses are likely to see continued pressure, the poll said.
Key Factors To Watch
The cigarette volume and mix improvement, new growth vectors in FMCG business would be a key watch. Besides, the management's outlook on the paper, agri, hotel and tech businesses would also be on analysts' radar.
ITC Dividend 2024 Announcement
ITC has informed through an exchange filing that the board will take up a proposal for declaring a final dividend for the financial year 2023-24.
"...consider and recommend Final Dividend for the financial year ended 31st March, 2024," ITC said in a statement.
ITC Dividend History
According to BSE website, ITC in February this year paid a dividend of Rs 6.25 on each stock to its investors. In 2023, ITC distributed dividend on three occasions, aggregating to Rs 15.50 on each stock. In 2022, ITC rewarded its investors by paying Rs 11.50 as dividend on each stock.
Back in 2021 and 2020, ITC had paid a dividend of Rs 10.75 and Rs 10.15, respectively, on each each stock to its investors.
ITC Share Price History
ITC is a constituent of S&P BSE SENSEX. According to BSE analytics on May 22, ITC shares have delivered a moderate return of 4 per cent to its investors in the last one year. In two years, ITC shares have advanced 57 per cent. ITC shares have delivered a multibagger return of 110 per cent in the last three years to its investors.
ITC has a market cap of Rs 5,49,015.63 crore as on May 22, according to BSE website.
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