ITC Q4 profit up 5% to Rs 5,113 cr; BAT offloads 3.5% stake in Rs 17,500 cr block deal
ITC posted Q4 PAT of Rs 5,113 cr (+5% YoY) on revenue of Rs 21,695 cr (+17% YoY), declaring an Rs 8/share dividend. Cigarettes still drive over 80% of net profit while hotel revenue jumped 82% YoY to Rs 536 cr. BAT sold a 3.5% stake for $2.1bn at Rs 384-400. ITC also picked up 10% in Mylo-owner Blupin.
ITC's Q4 profit rose 5% YoY to Rs 5,113 cr with Rs 8/share dividend; cigarettes dominate earnings, hotels rebounded, and BAT offloaded a 3.5% stake in a $2.1bn block deal. ITC also acquired 10% in Mylo-owner Blupin.