ITC shares decline 2% despite Q4 profit growth
ITC shares dropped 2% to ₹303 after reporting Q4 net profit of ₹5,113 cr, up 5% YoY. Revenue rose 17% to ₹21,695 cr, driven by a strong performance in the cigarette segment, which saw a 32% increase in revenue.
pre-market1 source ↓written by the desknot a recommendation
- to ₹303
- 2%
- in standalone net
- 5% YoY rise
- net profit
- ₹5,113 cr
- from operations
- 17%
- ₹21,695 cr
Shares of ITC fell 2% to ₹303 on the BSE following its Q4 results. The company reported a 5% YoY rise in standalone net profit to ₹5,113 cr, with revenue from operations up 17% to ₹21,695 cr. The cigarette segment remained the largest profit contributor, boosting revenue by 32% to ₹11,066 cr. 📉
Not investment advice. For informational purposes only.