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.
What happened
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
Key facts
- Q4 PAT Rs 5,113 cr +5% YoY
- dividend Rs 8/share
- Q4 revenue Rs 21,695 cr +17% YoY
- BAT sold 3.5% stake Rs 17,500 cr ($2.1bn)
- block priced Rs 384-400
- cigarettes >80% of net profit
- hotel revenue Rs 536 cr +82% YoY
- 10% stake in Blupin
Why this matters
The 10% stake in Mylo-owner Blupin marks ITC's push into digital consumer platforms, hinting at continued bolt-on acquisitions to build non-cigarette growth engines.
What to watch
- GST/excise changes on cigarettes in upcoming budget
- BAT residual stake reduction announcements
- FMCG segment margin and volume trends next quarter
- Hotels demerger listing timeline and value discovery
- Rural demand recovery signals for FMCG
- Institutional buyers absorb BAT block; index/passive rebalancing flows follow
- Management guides on non-cigarette FMCG margin trajectory and Blupin D2C synergy
- Analysts model post-hotels-demerger SOTP valuation
- Watch BAT commentary on remaining stake intentions and lock-up