ITC, hotel, retail and cigarette major, posted a net profit at Rs 2,933 crore as against the Rs 2,669 crore posted in the same period in the last financial year.

The company's cigarette EBIT stands at Rs 3,506 crore, around Rs 200 crore higher than the last financial year's fourth quarter. The EBITDA margin stands at 39.1% and the EBITDA stands at Rs 4,144 crore, lower than the estimate of Rs 4,204 crore.

ITC's hotel business EBIT stands at Rs 75.4 crore as against the last financial's Q4 number which was pegged at Rs 66.9 crore. The FMCG sector of the conglomerate reported an EBIT of Rs 91.2 crore this year.

The board recommended a dividend of Rs 5.15 per share.

The company, in its exchange filing, said that the cigarette prices were consequent to the introduction of Goods and Services Tax and the excise duties which were not excluded in the total income from operations for the quarter.

First Published:May 16, 2018 2:01 PM IST