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PremiumITC Q3 Results 2025 Highlights: On Thursday, diversified conglomerate ITC Ltd announced a 7% year-on-year decline in its consolidated net profit for the quarter ending December 31, 2024, reaching ₹4,935 crore. This profit is attributed to the company's owners. In comparison, ITC had recorded a profit of ₹5,335 crore in the same period last year.
ITC Q3 Results LIVE: The hotels segment delivered an impressive performance this quarter, generating ₹922 crore in revenue, marking a 15% year-on-year growth despite a strong base. Profit before tax reached ₹302 crore, reflecting a 43% increase from the previous year.
Effective January 1, 2025, the hotels business was demerged into ITC Hotels.
EBITDA margins improved by 450 basis points year-on-year, driven by higher RevPAR, operational efficiencies, and strategic cost management efforts.
ITC Q3 Results LIVE: By segment, the cigarette business recorded an 8% increase in revenue, while profit before tax (PBT) grew by 4% year-on-year. The company continued implementing strategic portfolio adjustments and market initiatives, emphasizing competitive regions and tackling illicit trade to drive volume-led growth and strengthen its market position.
A sharp rise in leaf tobacco costs was partially offset through an improved product mix, strategic pricing adjustments, and targeted cost management efforts. Additionally, trade marketing expenditures were restructured in the third quarter to enhance last-mile execution.
ITC Q3 Results LIVE: The cigarette-to hotel conglomerate's EBITDA for the third quarter rose 3% YoY and ex-paper, the same increased 5% YoY.
ITC Q3 Results LIVE: The company has set Wednesday, February 12th, as the Record Date for the purpose of determining entitlement of the Members for such Interim Dividend.
ITC Q3 Results LIVE: The Board has also recommended an interim dividend of ₹6.5 per share for the financial year ended March 2025.
ITC Q3 Results LIVE: Revenue from operations of the FMCG major increased 8% YoY to ₹20,350 crore.
ITC Q3 Results LIVE: FMCG major ITC posted 7 per cent fall in its consolidated net profit to ₹4,935 crore for the quarter ending on December 31, 2024.
ITC Q3 Results LIVE: According to Axis Securities, important aspects to monitor include the demand trends in rural and urban areas, competitive landscape, raw material expenses, and the future prospects of the hotels and agriculture sectors.
ITC Q3 Results LIVE: The FMCG segment is expected to grow 5% YoY, while the hotels business may see a 15% increase. Paper and agri segments are projected to expand by 2% and 5% YoY, respectively, says Axis Securities.
ITC Q3 Results LIVE: "We expect 7% YoY sales growth in cigarette business and 5% YoY sales growth in FMCG business. We expect 6% YoY growth in cigarette EBIT with 70bp decline in margins due to rise in leaf tobacco prices. In the FMCG business, we expect 3% de-growth in EBIT with 60bp decline in margins as price hike lags RM inflation.
The paper segment remained weak, while the agriculture segment and hotel business performed well during the quarter," the brokerage firm said.
ITC Q3 Results LIVE: “We project an 8% year-over-year increase in both revenue and EBITDA. Cigarette volume is expected to rise by 3.5% compared to last year, although margins will be slightly squeezed due to rising raw material costs. Overall, we forecast net revenue and EBIT growth of 7.5% and 5.5% year-over-year, respectively."
ITC Q3 Results LIVE: Kotak Institutional Equities estimates ITC cigarette volume growth at ~3.5% YoY, translating into 7.5% growth in gross cigarette sales. It expects cigarette EBIT growth at 5% YoY, with 145 bps YoY decline in EBIT margin, due to some inflation in leaf tobacco and other inputs.
ITC Q3 Results LIVE: Emkay Global sees ITC as relatively better placed in its FMCG coverage, where its diversified businesses will help negate any sharp slowdown in its segment. Cigarettes business volume growth has been positive and is likely to get support from steady contraction in informal supplies.
Other FMCG is likely to be stressed in the near-term amid inflationary and demand stress. Given high inclination toward foods and beverages, we see inflationary stress to hurt margin delivery. Agri remains an opportunistic business, where we remain positive on long term value-add opportunities. Paper remains an area of concern, as the business is still under pressure, Emkay Global said.
Emkay Global cuts its earnings estimates by ~2% each over FY25-27E. It maintained an ‘Add’ rating given limited upside potential, on ITC shares and has an unchanged target price of ₹520 per share. In the last six months, ITC’s stock price has performed relatively better versus FMCG peers.
ITC Q3 Results LIVE: ITC Q3FY25 core net profit is estimated to fall 3% YoY to ₹4,942 crore, while revenue growth is seen at 8% YoY to ₹17,794 crore, according to Nuvama Equities. EBITDA may fall 4% YoY to ₹6,086 crore, whereas EBITDA margin is estimated to decline 235 bps YoY to 34.2%. Nuvama reckons adjusted PAT shall decrease 11% YoY due to higher other income and lower tax rate (17%) in the base.
ITC Q3 Results LIVE: ITC’s Agri sales are likely to grow 20% YoY due to higher tobacco sales, while profit shall expand 12%. Leaf tobacco has experienced 20% inflation YoY, which is beneficial for ITC along with liberalisation of government exports in other commodities.
Paper business is estimated to see 2% YoY sales growth, but 22% YoY dip in profits due to lack of operating leverage and high competition from imports, according to Nuvama Equities’ estimates.
ITC Q3 Results LIVE: ITC Hotels business sales are likely to grow 16% YoY in Q3FY25, aided by strong wedding and ongoing holiday season with profits likely to surge 27%. ITC Hotels demerger effective date was January 1 2025.
ITC Q3 Results LIVE: ITC’s FMCG segment is estimated to report weak sales and profit numbers during the December quarter. The segment’s sales are expected to grow 3% YoY, but EBITDA margins are likely to decline due to sharp raw material inflation in palm oil, maida and negative pricing in notebooks. ITC has not undertaken short-term measures such as cutting A&P, Nuvama Equities said.
ITC Q3 Results LIVE: Brokerage firm Nuvama Institutional Equities expects ITC’s revenue and EBITDA to grow 8% and 1% YoY. It expects Cigarette volumes to grow 3.5% YoY and post a slight compression in margins due to raw material inflation. It anticipates net revenue and EBIT to grow 7.5% and 5.5% YoY.
ITC Q3 Results LIVE: ITC’s Q3FY25 net profit is expected to fall 0.9% YoY to ₹5,290 crore, while its revenue may rise 6.7% YoY to ₹19,220 crore. EBITDA growth is seen at 4.8% YoY at ₹6,820 crore, while EBITDA margin is expected to contract to 35.5%, according to estimates by Motilal Oswal.
ITC Q3 Results LIVE: ITC share price has remained subdued in the past one year without delivering any significant returns. It hit a 52-week high of ₹500.01 apiece on September 27, 2024, and touched a 52-week low of ₹377.74 apiece on March 12, 2024.
ITC shares have fallen 3.5% year-to-date (YTD), and 3.7% in the past six months. ITC stock has gained over 8% in one year. However, in the past two years, ITC shares have rallied 22% and have given 100% returns in three years.
ITC Q3 Results LIVE: MOFSL expects 6% YoY growth in cigarette EBIT with 70 bps decline in margins due to rise in leaf tobacco prices. In the FMCG business, it expects 3% de-growth in EBIT with 60 bps decline in margins as price hike lags raw material inflation. The paper segment remained weak, while the agriculture segment and hotel business performed well during the quarter.
ITC Q3 Results LIVE: Motilal Oswal expects ITC’s cigarette business to show stable volumes and pricing, with the portfolio continuing to grow, aided by improvements in product mix. It models ~4% volume growth in the business in Q3FY25. It expects 7% YoY sales growth in cigarette business and 5% YoY sales growth in FMCG business.
ITC Q3 Results LIVE: Axis Securities expects ITC to report 9% YoY revenue growth. This would be driven by Cigarette business growth 6% YoY with 3% volume growth. It estimates FMCG segment to grow at 5% YoY, Hotels business to see 15% YoY growth, and Papers and Agri segments are seen growing at 2% and 5% YoY, respectively. Key monitorables include demand outlook on rural versus urban, competitive intensity; raw material trends and Hotels and Agri business outlook.
ITC Q3 Results LIVE: ITC is expected to report a net profit of ₹5,150 crore in Q3FY25, registering a fall of 7.6% from ₹5,572 crore in the year-ago period. The company’s revenue in the December quarter is expected to rise 8.6% to ₹17,713 crore from ₹16,314 crore, YoY. EBITDA is estimated to grow 3.4% to ₹6,231 crore from ₹6,024 crore, while EBITDA margin may contract by 175 bps to 35.2% from 36.9%, YoY, according to estimates by Axis Securities.
ITC Q3 Results LIVE: ITC’s cigarettes and FMCG segments are estimated to show a decent growth, while growth in agri and paperboards is expected to remain subdued, analysts said.
ITC Q3 Results LIVE: Analysts expect the diversified cigarette-to-FMCG conglomerate ITC to report a high-single digit revenue growth and fall in net profit on a year-on-year (YoY) basis. PAT may fall due to a low effective tax rate in Q3FY24.
ITC Q3 Results LIVE: ITC share price traded lower ahead of the announcement of Q3 results today. ITC share price opened at ₹450.10 apiece on the BSE as against its previous close of Rs 448.25 per share. However, ITC stock price fell 1.04% to ₹443.55 apiece.
ITC Q3 Results LIVE: The board of directors of ITC Ltd will also consider the declaration of Interim Dividend for the financial year ending on 31st March, 2025. The previous ITC dividend was the Final Dividend of ₹7.5 per share on June 4, 2024.
ITC Q3 Results LIVE: FMCG-to-cigarettes conglomerate ITC Ltd will announce its Q3 results today. The board of directors of ITC will consider and approve the financial results for the third quarter of FY25 today along with an interim dividend for FY25.
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