ITC Q4 Results: Profit Rises Led By Higher Cigarette Sales

Segmental Revenue

The cigarette-to-hotels conglomerate said it witnessed “strong sequential recovery” across all operating segments.

The paperboards, paper and packaging segment saw strong sequential recovery momentum with improvement in offtake across most end-user industries, it said. The company witnessed sequential improvement in its hotels’ segment revenue aided by higher occupancy and food and beverages business.

“After breaking even in Q3, segment Ebitda improved further to Rs 25 crore in Q4; structural cost management interventions and revenue augmentation measures help in mitigating the impact of negative operating leverage,” ITC said in a statement.

“While the constraints in number of operating outlets and limited hours of operation are posing challenges at the front-end, there are no material supply chain bottlenecks,” the company said.

Its recent learnings in dealing with the pandemic, spanning sales and distribution, supply chain operations, innovation and product development, he said, are being leveraged.

The company continues to monitor the developments closely and is well geared to respond with agility to the evolving situation while managing risks associated with the dynamic environment, it said, adding it’s focused on cost-reduction measures.