ITC Posts Strong Q4FY23 Results, Revenue Grows 7.3% YoY
May 18, 2023
ITC
/ News
ITC Posts Strong Q4FY23 Results ITC, India's largest conglomerate, has announced its results for the fourth quarter ended March 31, 2023. The company reported a strong performance across all businesses, with revenue, EBITDA, and PAT all growing YoY. Revenue for the quarter grew 7.3% YoY to ₹19,058 crore. EBITDA grew 22.7% YoY to ₹7,233.65 crore. PAT grew 22.7% YoY to ₹5,225 crore. EPS grew 22.7% YoY to ₹4.15. The company's cigarette business continued to be the key driver of growth, with volume growth of 12.8% and EBIT growth of 16.7%. The FMCG business also saw strong growth, with EBIT growth of 111%. The hotels business also reported strong growth, with EBIT growth of 804.6%. The agri business reported a modest growth of 24.7%. Overall, ITC's Q4FY23 results were a positive sign for the company. The company's core businesses are performing well and the company is continuing to invest in new growth areas. This is likely to lead to continued growth in the com...