FMCG firm ITC declares Q3FY22 result: Board recommends Interim Dividend of Rs. 5.25 per share for the Financial Year ending 31st March, 2022 Strong growth across operating segments; Gross Revenue up 31.3%, EBITDA up 18.2% Gross Revenue (ex-Agri Business) up 16.2%; overall Segment PBIT margin (ex-Agri Business) up 80 bps to 36.5%. Sharp growth in Agri Business revenue; up 100% YoY driven by wheat, rice, spices, leaf tobacco exports leveraging strong customer relationships, robust sourcing network and agile execution Proactive supply chain management ensured on-time execution despite significant operational challenges posed by container shortages, port congestions and elevated ocean freight costs Robust broad-based recovery in Cigarettes Market standing reinforced through focused portfolio/market interventions and agile execution Net Segment Revenue up 13.6%; Segment EBIT up 14.4% Resilient performance in FMCG – Others Segment; Revenue up 9.3% YoY on a relatively high base - up 23.5% over Q3 FY20 Segment EBITDA up 46% over Q3 FY20; EBITDA margin at 9.1% (+140 bps Vs. Q3 FY20; -50 bps YoY ) in spite of unprecedented inflation in commodity prices Robust growth in Discretionary/Out-Of-Home categories; resilient performance in Staples & Convenience Foods Hygiene portfolio continues to witness demand volatility in line with Covid caseload intensity; remains significantly higher than pre-pandemic levels Sustained recovery momentum in Hotels; PBIT turns positive at 51 cr. (+118 cr. swing vs. SPLY) Occupancy recovers to pre-pandemic levels; strong sequential improvement in ARRs but still below pre-pandemic levels Domestic leisure travel and festive/wedding season boost demand; progressive improvement in business travel - Omicron wave impacts recovery momentum in January’22 Paperboards, Paper and Packaging Segment delivers strong performance; Revenue up 38.5% YoY along with margin expansion of 260 bps Paperboard volumes record new highs; robust performance aided by demand revival across most end-user segments, exports and higher realisations Nearly 100% of employees fully vaccinated Result PDF