FMCG major ITC is in the spotlight this week with key announcements scheduled for the company in the coming weeks that could impact both its stock performance. As the company sets out to release its financial results for Q4FY25 results, it also announced plans to recommend a final dividend for its shareholders.
With a history of rewarding investors and a mixed performance in its recent quarterly results, let’s take a look at the ITC’s upcoming earnings, dividend news, and more.
ITC’s Q4 earnings date announced
The FMCG sector giant, ITC’s board has scheduled a meeting on May 22, to review and approve the company’s financial results for the quarter and the entire financial year ending March 2025.
Both the audited standalone and consolidated results and also the segment-wise revenue and assets will be announced.
ITC final dividend details
Apart from the earnings release, the company will also recommend a final dividend for the financial year 2024-25. The company has consistently rewarded its shareholders with regular dividends, and this announcement is expected to generate interest among investors.
ITC dividends track record
ITC has paid 28 dividends since 2003, with Rs 14 per share distributed over the last 12 months alone. The company’s current dividend yield stands at 3.25%.
Q3FY25 performance recap
In its Q3FY25 results, ITC saw a decline of 7.27% in net profit, reporting Rs 5,013 crore for the quarter, compared to Rs 5,406 crore in the same period last year.
However, the profitability of the company saw a dip. The company saw a revenue surge of 9.05%, which reached Rs 20,349 crore. There was an increase in operational expenses, which increased by 12.18%.
Stock performance of ITC
Over the last year, the share price of ITC has seen varied movements. In the past month, the stock has risen by 3.15%, but over the last six months, it has dropped by around 10%. On a YTD basis, the stock has delivered a negative return of 11%. The 52-week high stands at Rs 528.50, while the 52-week low is Rs 390.15.