ITC Q3 Outcomes: Dividend’s announcement, outcomes higher than analysts estimates – INA NEWS

ITC Q3 outcomes: FMCG sector large ITC Restricted has introduced the dividend. The corporate will difficulty a dividend of Rs 6.5 on each inventory to its shareholders. Together with this, ITC has additionally introduced the outcomes of the third quarter of FY25. Within the October-December quarter, the corporate’s standalone internet revenue elevated by one per cent to Rs 5638 crore. Nonetheless, regardless of this, the corporate has offered higher outcomes than estimated.

ITC income elevated by 8%

ITC has declared an interim dividend of Rs 6.5 per fairness share. The corporate, related to enterprise starting from FMCG to cigarettes, has registered a rise of 8% in standalone income from the operation, which elevated to Rs 18290 crore within the third quarter of FY 2025. This determine was Rs 16,864 crore in the identical interval final 12 months.

ITC outcomes higher than estimated

In response to the Moneycontrol Ballot of 9 brokerage firms, ITC was anticipated to register a income of Rs 18,366 crore, which might have elevated by 11.4 per cent, however it has elevated by 8 per cent. Nonetheless, alternatively, its internet revenue was anticipated to lower by 8.1 per cent to Rs 5,124 crore within the December quarter, whereas it has elevated by one per cent.

ITC shares have seen a decline of 1.53 per cent right this moment and this inventory has closed at Rs 441.40 on BSE. The corporate has launched the outcomes after the market was closed.