Shares of ITC were trading at Rs 399.90 in Monday's session, a 0.40 percent increase from its previous close. The stock touched a day's low of Rs 396.25 and a high of Rs 400.55 during the session. The stock is a part of the Nifty 50 index.
Financial Overview:
Consolidated Quarterly Performance:
The company's consolidated quarterly revenue showed a fluctuating trend over the last five quarters. Revenue for the quarter-ending June 2025 stood at Rs 21,494.79 Crore, an increase compared to Rs 18,765.00 Crore for the quarter-ending March 2025. Revenue for the quarters ending September 2024, December 2024, and June 2024 were Rs 19,990.36 Crore, Rs 18,790.17 Crore, and Rs 18,457.33 Crore, respectively.
Net profit also varied. The highest profit was reported for the quarter-ending March 2025 at Rs 19,709.47 Crore. Net profit for the quarter-ending June 2025 was Rs 5,274.65 Crore, compared to Rs 5,009.08 Crore for December 2024, Rs 5,050.28 Crore for September 2024, and Rs 5,169.37 Crore for June 2024.
Earnings per share (EPS) followed a similar trend, with the highest EPS reported for March 2025 at Rs 15.77. The EPS for June 2025 was Rs 4.19, compared to Rs 3.95 for December 2024, Rs 3.99 for September 2024, and Rs 4.08 for June 2024.
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 18,457.33 Crore | Rs 19,990.36 Crore | Rs 18,790.17 Crore | Rs 18,765.00 Crore | Rs 21,494.79 Crore |
| Net Profit | Rs 5,169.37 Crore | Rs 5,050.28 Crore | Rs 5,009.08 Crore | Rs 19,709.47 Crore | Rs 5,274.65 Crore |
| EPS | 4.08 | 3.99 | 3.95 | 15.77 | 4.19 |
Consolidated Yearly Performance:
The company's consolidated yearly revenue has generally increased over the years. For the year-ending March 2025, revenue was Rs 75,323.34 Crore, compared to Rs 70,881.00 Crore for March 2024, Rs 70,936.85 Crore for March 2023, Rs 60,668.09 Crore for March 2022, and Rs 49,272.78 Crore for March 2021.
Net profit has also shown an increase, with Rs 19,926.05 Crore reported for the year-ending March 2025. Previous years reported Rs 20,723.75 Crore for March 2024, Rs 19,427.68 Crore for March 2023, Rs 15,485.65 Crore for March 2022, and Rs 13,389.80 Crore for March 2021.
Earnings per share (EPS) increased to Rs 27.79 for the year-ending March 2025, compared to Rs 16.42 for March 2024, Rs 15.50 for March 2023, Rs 12.37 for March 2022 and Rs 10.70 for March 2021.
Book Value Per Share (BVPS) stood at Rs 55.96 for March 2025, compared to Rs 59.99 for March 2024, Rs 55.95 for March 2023, Rs 50.98 for March 2022 and Rs 49.31 for March 2021.
Return on Equity (ROE) was 49.61% for the year-ending March 2025, compared to 27.45% for March 2024.
The company's debt-to-equity ratio has remained at 0.00 from March 2021 to March 2025.
| Heading | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 49,272.78 Crore | Rs 60,668.09 Crore | Rs 70,936.85 Crore | Rs 70,881.00 Crore | Rs 75,323.34 Crore |
| Net Profit | Rs 13,389.80 Crore | Rs 15,485.65 Crore | Rs 19,427.68 Crore | Rs 20,723.75 Crore | Rs 19,926.05 Crore |
| EPS | 10.70 | 12.37 | 15.50 | 16.42 | 27.79 |
| BVPS | 49.31 | 50.98 | 55.95 | 59.99 | 55.96 |
| ROE | 21.80% | 24.40% | 27.75% | 27.45% | 49.61% |
| Debt to Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Annual Income Statement:
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Sales | 49,272 | 60,668 | 70,936 | 70,881 | 75,323 |
| Other Income | 2,632 | 1,836 | 1,980 | 2,727 | 2,529 |
| Total Income | 51,905 | 62,504 | 72,917 | 73,608 | 77,853 |
| Total Expenditure | 33,915 | 41,742 | 47,008 | 46,450 | 50,991 |
| EBIT | 17,989 | 20,762 | 25,909 | 27,158 | 26,861 |
| Interest | 44 | 39 | 43 | 45 | 45 |
| Tax | 4,555 | 5,237 | 6,438 | 6,388 | 6,890 |
| Net Profit | 13,389 | 15,485 | 19,427 | 20,723 | 19,926 |
Quarterly Income Statement:
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | |
|---|---|---|---|---|---|
| Sales | 18,457 | 19,990 | 18,790 | 18,765 | 21,494 |
| Other Income | 694 | 610 | 595 | 640 | 682 |
| Total Income | 19,152 | 20,601 | 19,386 | 19,405 | 22,177 |
| Total Expenditure | 12,210 | 13,854 | 12,844 | 12,656 | 15,101 |
| EBIT | 6,941 | 6,822 | 6,745 | 21,401 | 7,075 |
| Interest | 11 | 14 | 9 | 10 | 16 |
| Tax | 1,761 | 1,757 | 1,726 | 1,680 | 1,784 |
| Net Profit | 5,169 | 5,050 | 5,009 | 19,709 | 5,274 |
Cash Flow:
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Operating Activities | 12,527 | 15,775 | 18,877 | 17,178 | 17,627 |
| Investing Activities | 5,682 | -2,238 | -5,732 | 1,562 | -395 |
| Financing Activities | -18,633 | -13,580 | -13,006 | -18,550 | -17,037 |
| Others | 56 | 0 | 0 | 0 | -168 |
| Net Cash Flow | -366 | -43 | 139 | 190 | 25 |
Balance Sheet:
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Share Capital | 1,230 | 1,232 | 1,242 | 1,248 | 1,251 |
| Reserves & Surplus | 57,409 | 59,906 | 67,171 | 72,750 | 68,778 |
| Current Liabilities | 10,689 | 12,163 | 13,739 | 13,690 | 14,334 |
| Other Liabilities | 4,488 | 3,956 | 3,729 | 4,136 | 3,726 |
| Total Liabilities | 73,819 | 77,259 | 85,882 | 91,826 | 88,090 |
| Fixed Assets | 26,530 | 26,677 | 28,074 | 29,901 | 22,148 |
| Current Assets | 34,991 | 34,232 | 39,670 | 41,065 | 43,893 |
| Other Assets | 12,297 | 16,349 | 18,137 | 20,859 | 22,048 |
| Total Assets | 73,819 | 77,259 | 85,882 | 91,826 | 88,090 |
| Contingent Liabilities | 3,527 | 3,205 | 3,093 | 2,292 | 2,187 |
Key Financial Ratios:
As of March 2025, the basic EPS stood at Rs 27.79, diluted EPS at Rs 27.75, and the book value per share at Rs 55.96. The dividend per share was Rs 14.35, with a face value of Rs 1. Margin ratios showed a gross profit margin of 37.84%, an operating margin of 35.66%, and a net profit margin of 46.38%.
Return ratios included a return on net worth/equity of 49.61%, ROCE of 36.41%, and return on assets of 39.44%. Liquidity ratios indicated a current ratio of 3.06 and a quick ratio of 1.96. Leverage ratios showed a debt-to-equity ratio of 0.00 and an interest coverage ratio of 632.67.
Turnover ratios included an asset turnover ratio of 0.84% and an inventory turnover ratio of 1.58. Growth ratios presented a 3-year CAGR sales of 11.43% and a 3-year CAGR net profit of 13.43%.
Valuation ratios showed a P/E ratio of 14.74, a P/B ratio of 7.32, an EV/EBITDA of 17.86, and a P/S ratio of 6.81.
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 10.70 | 12.37 | 15.50 | 16.42 | 27.79 |
| Diluted Eps (Rs.) | 10.70 | 12.37 | 15.46 | 16.38 | 27.75 |
| Book Value /Share (Rs.) | 49.31 | 50.98 | 55.95 | 59.99 | 55.96 |
| Dividend/Share (Rs.) | 10.75 | 11.50 | 15.50 | 13.75 | 14.35 |
| Face Value | 1 | 1 | 1 | 1 | 1 |
| Gross Profit Margin (%) | 39.85 | 37.07 | 38.97 | 40.88 | 37.84 |
| Operating Margin (%) | 36.51 | 34.22 | 36.42 | 38.32 | 35.66 |
| Net Profit Margin (%) | 27.17 | 25.52 | 27.38 | 29.23 | 46.38 |
| Return on Networth / Equity (%) | 21.80 | 24.40 | 27.75 | 27.45 | 49.61 |
| ROCE (%) | 28.49 | 31.89 | 35.81 | 34.76 | 36.41 |
| Return On Assets (%) | 17.82 | 19.72 | 22.34 | 22.27 | 39.44 |
| Current Ratio (X) | 3.27 | 2.81 | 2.89 | 3.00 | 3.06 |
| Quick Ratio (X) | 2.29 | 1.91 | 2.02 | 1.95 | 1.96 |
| Debt to Equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratios (X) | 403.54 | 571.51 | 639.94 | 630.60 | 632.67 |
| Asset Turnover Ratio (%) | 66.74 | 0.76 | 0.83 | 0.80 | 0.84 |
| Inventory Turnover Ratio (X) | 4.69 | 1.57 | 1.84 | 1.66 | 1.58 |
| 3 Yr CAGR Sales (%) | 6.49 | 12.01 | 19.83 | 19.94 | 11.43 |
| 3 Yr CAGR Net Profit (%) | 7.97 | 9.89 | 11.65 | 24.41 | 13.43 |
| P/E (x) | 20.42 | 20.26 | 24.74 | 26.09 | 14.74 |
| P/B (x) | 4.46 | 4.95 | 6.89 | 7.18 | 7.32 |
| EV/EBITDA (x) | 13.48 | 13.55 | 17.08 | 18.23 | 17.86 |
| P/S (x) | 5.46 | 5.09 | 6.72 | 7.55 | 6.81 |
Corporate Actions:
ITC has announced several corporate actions including allotment of shares under the Employee Stock Option Schemes. The company also published a notice regarding the re-lodgement of transfer requests for shares held in physical form. Additionally, the media statement and investor presentation for Q1 FY 2025-26 were released.
The company announced a final dividend of Rs 7.85 per share (785%) with an ex-date of May 28, 2025, and an interim dividend of Rs 6.50 per share (650%) with an ex-date of February 12, 2025.
ITC has a history of bonus issues, with the most recent one declared on May 20, 2016, in the ratio of 1:2. Other bonus issues were announced on June 18, 2010 (1:1), June 17, 2005 (1:2), July 12, 1994 (1:1), and September 30, 1991 (3:5).
The company executed a stock split on June 17, 2005, where the old face value of Rs 10 was split into a new face value of Rs 1.
Moneycontrol analysis indicates a very bearish sentiment on the stock as of August 25, 2025.
ITC shares were trading at Rs 399.90 in Monday's session.
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