ITC Financial Results 2013

Highlights of the Financial Results

Non-cigarette FMCG segment reached break even during Q4 with a

profit of 11.87 Crores.

Net Profit increased by 20.4% and reached Rs. 7418.39 Crores. Gross revenue increased to Rs.41809.82 Crores with a growth rate

of 19.9%.
Net revenue increased at a rate of 19.4% and reached Rs.29605.58

Crores
Earnings Per Share has increased to Rs.9.45 as compared to

Rs.7.93 in the previous year.

Net Revenue Growth of different segments

Segments FMCG - Cigarettes FMCG - Others Hotels Agri Business Paperboards, Paper & Packaging Net Revenue Growth (%) 13.35 26.4 6.8 26.4 7.98

Non- Cigarette FMCG business and Agri Business made a significant growth rate of 26.4%. The net revenue growth of hotels business is only 6.8%. The economic slow down and less number of Corporate trips have affected the hotel industry as a whole. The net revenue of Paperboards, Paper & Packaging segment has a lower growth rate of 7.98% due to the hike in input prices of wood, coal and chemicals.

Pre-Tax Profit Growth of Various Segments

Segment Pre-Tax Profit (Crores) Growth Rate (%)

FMCG- Cigarettes
FMCG-Others Hotels

8325.94
(81.26) 137.65

20.53
(58.43) (50.72)

Agri Business
Paperboards, Paper & Packaging

731.28
963.95

13.7
2.9

FMCG-Others and Hotels business recorded a negative growth rate during

the year ended March 2013.

ITC halved its losses to 81.26 Crores in non-Cigarette FMCG business. The major profit contributors are Cigarette business and Agri Business.

FMCG - Cigarettes
Sales volume increased by 2.5% in the fiscal year ended

March 2013.
Net revenue grew 13.4% and reached Rs.13969.98

Crores.
Steep excise duty hikes, presence of illegal traders in

market and intensified competition are expected to cause

serious challenge for the cigarette business in the coming

years.