The board recommended dividend of Rs 5.75 per ordinary share.
FMCG major ITC has reported 18.7 percent jump in its Q4FY19 net profit to Rs 3,482 crore on the back of strong sales from the FMCG and cigarette units.
The company had reported a profit of Rs 2,932.7 crore in a year ago period.
The revenue of the company was up 13 percent at Rs 11,992 crore against Rs 10,587 crore.
The operating profit or Earnings before interest, tax, depreciation and amortization (EBITDA) of the company was at Rs 4,572 crore, while margin was at 38.1%.
The company's cigarette sales rose 11.1% at Rs 5,486 crore. The cigarette EBIT was up 10% at Rs 3,856 crore, while margin was at 70.3 percent.
The total FMCG revenue of the company was up 9.7 percent at Rs 8,760 crore versus Rs 7,988 crore. EBIT was up 12.8 percent at Rs 4,057 crore, while margin was at 46.3 percent.
Its agri business revenue rose 16.2 percent at Rs 2,101 crore against Rs 1,808 crore, YoY.
The board of directors of the company appointed Sanjiv Puri, managing director, also as the chairman of the company with effect from May 13, 2019
The board also recommended a dividend of Rs 5.75 per ordinary share.At 14:48 hrs ITC was quoting at Rs 299.45, up Rs 1.75, or 0.59 percent.Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more.