Slide 1: Q1 FY24 Results
Q1 FY24 Results 14th August, 2023 |1|
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain forward-looking statements including those describing the Company’s strategies, strategic direction, objectives, future prospects, estimates etc. Investors are cautioned that “forward looking statements” are based on certain assumptions o
Slide 3: Macro Economic Context
Macro Economic Context |3|
Slide 4: Macro Economic Environment
Macro Economic Environment Global Economy remains weak Global Growth Slowdown in 2023 (GDP % y-o-y) 4.0 4.0 2023 Global GDP growth estd. at 3.0% (Vs. 3.5% in 2022) 3.5 3.0 - Deceleration mainly in Advanced Economies 2.7 - Chinese economy extremely sluggish after a good start; structurally weaker 1
Slide 5: Key Economic Indicators
Key Economic Indicators Tax collections remain buoyant (Rs lakh cr.) External Sector remains subdued ($ bn) FY23 FY24 Rainfall -1% LPA (Jun’23 – 11th Aug’23); 1.87 64.4 70.0 60.0 Spatial/Temporal skews 58.1 65.0 1.65 53.1 60.0 1.57 1.60 55.0 1.68 1.61 42.3 50.0 39.7 45.0 41.4 40.0 34.3 1.41 35.0 30.
Slide 6: India Macro
India Macro Key Positives Key Monitorables Slowdown in global Moderating Inflation growth impacting external trade Buoyant tax collections Consumer demand & Volume growth Credit growth uptick El Nino impact on Monsoon / Agri Output Resilient Economy Private capex yet to pick up |6|
Slide 7: Q1 FY24 Results Headline Financials & Business Highlights
Q1 FY24 Results Headline Financials & Business Highlights |7|
Slide 8: Key Highlights: Q1 FY24 – Strong growth momentum sustained
Key Highlights: Q1 FY24 Strong growth Gross Revenue Profit Before Tax momentum ex – Agri Business sustained +10.6% +18.2% For the quarter ended 30th June, 2023, YoY change |8|
Slide 9: Key Highlights: Q1 FY24
Key Highlights: Q1 FY24 Robust growth in FMCG – Others; Segment Revenue up 16.1% YoY to exceed 5000 cr. in a quarter for the first time ̶ Staples, Biscuits, Noodles, Beverages, Dairy, Agarbatti and premium Soaps drive growth ̶ Notebook sales continue to witness strong growth ̶ Segment EBITDA margi
Slide 10: Key Highlights: Q1 FY24
Key Highlights: Q1 FY24 Agri Business Segment Revenue up 31% YoY (excl. wheat exports) ̶ Segment PBIT up 25.3% YoY driven by Value Added Agri products & Leaf Tobacco Subdued demand conditions (domestic and exports), low priced Chinese supplies in global markets, sharp reduction in global pulp pr
Slide 11: FMCG Others
an BRB, MANIFESTING A COFFEE Tomato Chilli BREAK AS PERFECT AS THIS! MM ENA Enduring Value FOR MEN WHO OVERCOME " INTENSE CHAWLENGES FMCG Others SUN Ean) | DERMAFIUE
Slide 12: FMCG Others – Q1 FY24 Segment Revenue up 16.1% YoY
Segment revenue up 16.1% YoY FMCG Others – Q1 FY24 at ~1.7x of Q1 FY20 Segment Revenue up 16.1% YoY - Strong growth in Staples, Biscuits, Noodles, Beverages, Dairy, Agarbatti and premium Soaps - Education & Stationery Products Business continued to witness strong traction Robust growth in both u
Slide 13: FMCG Others – Q1 FY24 Segment EBITDA +64% YoY
FMCG Others – Q1 FY24 Segment EBITDA +64% YoY 3.2x of Q1 FY20 Segment EBITDA margins expanded 325 bps YoY to 11.0% - Margin expansion driven by multi-pronged interventions viz. premiumisation, supply chain optimisation, judicious pricing actions, digital initiatives, strategic cost management and
Slide 14: Future-Ready Portfolio
Future-Ready Portfolio Recent Launches Tedhe Medhe | Potato Chips Aashirvaad Namma Chakki | Dark Fantasy Sunfeast Rose Milk Sunrise Rajshahi & Chatpata Twist | Chilli Charged M.P. Chakki Atta Dairy Beverages & Badam Milk Haah Salkumura Freshly Ground | Customised Choco Nut Shake| Goodness of Milk Ga
Slide 15: ITC Mission Millets
ITC Mission Millets UN: 2023 the International Leveraging Enterprise Strengths in Agri, Food & Hospitality Year of Millets Millets: The humble Superfood EDUCATE EMPOWER ENCOURAGE Empowering Farmers Good-For-You millet based product portfolio Powering an agri-value chain, anchored by ITCMAARS Finest
Slide 16: Deepening Consumer Engagement
Deepening Consumer Engagement Leveraging Emerging Trends Targeted Brand Collaboration Sharpening Value Proposition Leveraging Generative AI Witness your wackiest snacking EAT. moments come alive with AI Magic! PHIR REPEAT. | 16 |
Slide 17: Brands with Purpose
Brands with Purpose Helping homemakers with upskilling Supporting local Indian farmers by making Savlon Swasth India Mission: seeding Supporting women empowerment with Ab opportunities majority of our juices from 100% Indian fruits behavioural change towards hand hygiene Samjhauta Nahi campaign Maki
Slide 18: FMCG Cigarettes
MM ENA Enduring Value FMCG Cigarettes
Slide 19: FMCG Cigarettes – Q1 FY24
FMCG Cigarettes – Q1 FY24 Net Segment Revenue* up 10.9% YoY; Segment PBIT up 11.2% YoY Segment Revenue Innovation & democratising premiumisation across segments 7465 cr. 13.0% Portfolio Vitality | Product Availability | Execution Excellence ̶ Several differentiated variants launched recently c
Slide 20: FMCG Cigarettes Reinforcing market standing
FMCG Cigarettes Reinforcing market standing Innovation Portfolio Fortification • Classic Connect • Gold Flake Neo SMART Filter • Gold Flake SLK • Wills Deluxe • American Club Clove Mint • Bristol Deluxe FT • Gold Flake Indie Mint • Capstan FT • Flake XL • Flake Skipper Recent Introductions • Classic
Slide 21: Hotels Business
Hotels Business ITC Rajputana| 21 |
Slide 22: Hotels – Q1 FY24 Best-ever Q1, on a high base
Hotels – Q1 FY24 Best-ever Q1, on a high base Segment Revenue Strong growth in ARRs across properties drive revenue growth ̶ Occupancy moderated on a high base due to relatively fewer wedding dates during the 600 cr. quarter and pre-planned renovations (+8.1%; 1.5x of Q1 FY20) 6 new hotels added
Slide 23: Executing 'Asset Right' Strategy
Executing ‘Asset Right’ Strategy Bouquet of brands catering to relevant need spaces (18 properties added in the last 16 months) Healthy Pipeline of Management Contracts – Phased openings over the next few quarters | 23 |
Slide 24: Curated offerings to drive demand
Curated offerings to drive demand Celebrating Delhi’s rich culinary heritage Special Occasions leveraged CSK wins IPL; celebrates at ITC Narmada (5 mln. Views) | 24 |
Slide 25: Agri Business
MENA Enduring Value Agri Business
Slide 26: Agri Business – Q1 FY24
Revenue up 31% YoY (ex-Wheat exports) Agri Business – Q1 FY24 driven by Value Added Agri products & Leaf Tobacco Strong growth in Value Added Agri products Segment Revenue ̶ Leveraging strong customer relations & agile execution and new state-of-the-art value-added Spices processing facility in Gu
Slide 27: Paperboards, Paper & Packaging
Paperboards, Paper & Packaging | 27 |
Slide 28: Paperboards, Paper & Packaging – Q1 FY24
Subdued demand, sharp fall in global pulp prices Paperboards, Paper & Packaging – Q1 FY24 & high base effect Segment Revenue Subdued demand conditions, low priced Chinese supplies in global markets, steep decline in global pulp prices on a high base and relatively muted customer offtake in domesti
Slide 29: Financials
Financials | 29 |
Slide 30: Key Financials – Q1 FY24
Key Financials – Q1 FY24 YoY Rs. Cr. Q1 FY24 Q1 FY23 Growth Gross Revenue 16,843 18,164 -7.3% +10.6% YoY (ex-Agri Business) Net Revenue 15,659 17,217 -9.0% EBITDA 6,250 5,648 10.7% PBT (bei) 6,546 5,540 18.2% PAT 4,903 4,169 17.6% Standalone basis | 30 |
Slide 31: Segment Revenue Q1 FY24
Segment Revenue Q1 FY24 Rs. cr. • FMCG Others Q1 - Segment Revenue up 16% YoY YoY Rs. cr. FY24 FY23 - Staples, Biscuits, Noodles, Beverages, Dairy, Agarbatti and Growth premium Soaps drive growth Segment Revenue - Notebook sales continue to witness strong growth a) FMCG - Cigarettes 7465 6609 13% -
Slide 32: Segment Results Q1 FY24
Segment Results Q1 FY24 Rs. cr. Q1 YoY Rs. cr. FY24 FY23 Growth • FMCG-Others: Segment Results ‒ Segment EBITDA at 570 cr. (+64% YoY) a) FMCG - Cigarettes 4656 4189 11% • at 3.2x of Q1 FY20 - Others 431 204 111% ‒ EBITDA margin at 11.0% Total FMCG 5087 4393 16% • Up 325 bps YoY and 510 bps over Q1 F
Slide 33: ITC – A Global Exemplar in Sustainability
ITC – A Global Exemplar in Sustainability | 33 |
Slide 34: Impactful Social Performance
Impactful Social Performance ITC e-Choupal Afforestation Watershed Development Livestock Development Solid Waste Management Over 10,45,000 acres Over 1.49 million acres Well-being Out of Waste 4 Million Farmers Over 21.3 lac milch programme covers empowered greened covered animals covered 55.6 lac h
Slide 35: Sustainability 2.0 Sustainability Targets 2030
Sustainability 2.0 Sustainability Targets 2030 REDUCE I RECYCLE I RESTORE Raising the Bar Strategic Interventions to Combat Climate Change Renewable Specific GHG Recyclable Plastic Plastic Energy Emissions Packaging Neutrality De-Carbonization Climate Adaptation and 100% Resilience 50% 50% 100% Coll
Slide 36: Sustainability – Highlights
Sustainability – Highlights • Exceeded commitment on Plastic Neutrality; collected and sustainably managed over 60,000 MT of plastic waste in FY23 • 60% critical Tier - 1 suppliers trained on ESG related aspects during FY23 • Best-in-class ESG Ratings: • AA rating by MSCI for the 5th consecutive yea
Slide 37: ITC Infotech
ITC Infotech | 3737|
Slide 38: ITC Infotech
ITC Infotech Rs. cr. Revenue EBITDA 850 130 800 Revenue EBITDA 110 Rs.cr. 750 90 700 70 3321 650 50 350 0 600 2853 550 751 838 30 119 114 2454 300 0 2249 10 500 Q1 Q1 Q1 Q1 2007 250 0 FY23 FY24 FY23 FY24 717 200 0 150 0 618 579 291 • Investments continue in Capability building in strategic focus are
Slide 39: ITC: Enduring Value
ITC: Enduring Value A passion for in a way that is and Profitable growth... Sustainable… Inclusive. | 39 |
Slide 40: Links
Links Product/initiative Link Bingo! on Instagram https://www.instagram.com/bingo_snacks/ YiPPee! on Instagram https://www.instagram.com/sunfeast_yippee/ Aashirvaad on Instagram https://www.instagram.com/aashirvaad/ Sunfeast Dark Fantasy on Instagram https://www.instagram.com/sunfeastdarkfantasy/ Mo