Cigarettes & Tobacco Products company ITC announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Q4: Gross Revenue (ex-Agri Business) up 6.0% YoY; Highest ever Q4 PBT at Rs 6534 crore (bei) FMCG Segment: Q4 Segment Revenue up 7.2% on a high base and Segment PBIT up 15% on comparable basis (base quarter included certain fiscal incentives pertaining to previous periods); margins expanded 60 bps YoY on comparable basis 2-yr CAGR: Segment Revenue +13.1%, Segment PBIT +42.2% Staples, Biscuits, Snacks, Dairy, Homecare, Agarbatti drive growth Education & Stationery Products Business continues to witness strong traction Cigarettes Segment: Q4 Net Segment Revenue and Segment PBIT up 7.0% and 5.0% YoY respectively 2-yr CAGR: Net Segment Revenue +10.3%, Segment PBIT +9.4% Net Segment Revenue and Segment PBIT up 5.2% and 4.1% respectively sequentially amidst subdued demand conditions in the overall consumption space. Hotels Segment: Q4 Segment Revenue and PBIT up 15% and 34% YoY respectively on a high base; Segment EBITDA margin up 340 bps YoY to 38.2% Margin improvement driven by higher RevPARs, structural cost interventions and operating leverage Agri Business Segment: Strategic portfolio (comprising value-added agri products) and leaf tobacco Revenues up 18% YoY in Q4 FY24 Financial Highlights: Full Year: Gross Revenue at Rs 69,446 crore, up 6.8% (ex-Agri Business) and PAT at Rs 20,422 crore up 8.9% YoY Board recommends Final Dividend of Rs 7.50 per share. Including Interim Dividend of Rs 6.25 per share paid on 27th February, 2024, Total Dividend for the financial year ended 31st March, 2024 amounts to Rs 13.75 per share (FY23: Ordinary Dividend of Rs 12.75 per share and Special Dividend of Rs 2.75 per share). FMCG Segment: Full Year Segment Revenue and Segment PBIT up 9.6% and 29.4% YoY respectively; margins expanded by 130 bps YoY 2-yr CAGR: Segment Revenue +14.5%, Segment PBIT +38.8% Cigarettes Segment: Full Year Net Segment Revenue and Segment PBIT up 7.1% and 6.5% YoY respectively 2-yr CAGR: Net Segment Revenue +13.5%, Segment PBIT +13.3% Hotels Segment: Full Year Segment Revenue and Segment PBIT up 15.6% and 39.1% YoY respectively; Segment EBITDA margin up 295 bps YoY to 35.1% Agri Business Segment: Strategic portfolio (comprising value-added agri products) and leaf tobacco Revenues up 19% YoY in Full Year Result PDF