Slide 1: Q4 & FY24 Results
Q4 & FY24 Results 23rd May, 2024 |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 3rd consecutive year of deceleration India remains a bright spot weakness likely to persist Real GDP Growth YoY Real GDP Growth YoY ▪ Growth remains above long term average ▪ Overall macros well-managed | Timely Policy interventions ▪ Structural weakness in
Slide 5: Macro Economic Environment
Macro Economic Environment India remains a bright spot India growth led by investments Real GDP Growth YoY ▪ Growth remains above long term average ▪ GDP growth led by Investments (Government Capex) ▪ Overall macros well-managed | Timely Policy interventions - Core Inflation largely stable ▪ Private
Slide 6: Macro Economic Environment Key Positives
Macro Economic Environment Key Key Positives Monitorables Moderating Stable growth Geopolitical Agri Commodity Inflation outlook disruptions Inflation Strong Bank & Monetary easing Uncertainty on Buoyant Tax Rural Demand Consumption Corporate cycle in Advanced collection recovery Demand Balance Shee
Slide 7: Q4 and FY24 Results Headline Financials & Business Highlights
Q4 and FY24 Results Headline Financials & Business Highlights |7|
Slide 8: Key Highlights: FY24
Resilient performance amidst a Key Highlights: FY24 challenging operating environment Gross Revenue Profit After Tax ex – Agri Business +6.8% +8.9% 2-yr CAGR +14.0% 2-yr CAGR +16.5% Total Dividend Rs. 13.75 per share |8|
Slide 9: Key Highlights
Key Highlights ▪ Resilient performance in FMCG – Others Segment amidst marked slow down in consumption ̶ Full year Segment Revenue and Segment PBIT up 9.6% and 29.4% YoY respectively; margins expanded by 130 bps YoY ̶ 2 Yr. CAGR: Segment Revenue 14.5%; Segment PBIT 38.8% ̶ Q4 Segment Revenue up 7.2%
Slide 10: Key Highlights
Key Highlights ▪ Cigarettes Segment witnesses consolidation of volumes on a high base after a period of sustained growth momentum ̶ Full Year Net Segment Revenue and Segment PBIT up 7.1% and 6.5% YoY respectively ̶ 2-yr CAGR: Net Segment Revenue +13.5%, Segment PBIT +13.3% ̶ Q4 Net Segment Revenue a
Slide 11: Key Highlights
Key Highlights ▪ Agri Business Segment impacted by trade restrictions on agri commodities ̶ Strategic portfolio (comprising value-added agri products) and leaf tobacco Revenues up 19% YoY in Full Year and 18% YoY in Q4 ̶ Geopolitical tensions and climate emergencies have led to concerns over food se
Slide 12: ITC Next Strategy
ITC Next Strategy Future Tech | Consumer Centric | Climate Positive | Inclusive Multiple Drivers Innovation and Supply Chain Digital Sustainability Cost Agility & of Growth R&D 2.0 Productivity Agile Agile Digital first culture Responsible Structural Future Ready Smart Eco System Competitiveness int
Slide 13: FMCG Others
Our Nation pag } Break the fast with something lf raAN ; ‘that makes you go virpee! Enduring Value THIS TIME NOT MISSING EVEN BY ABIT. FMCG Others
Slide 14: FMCG Others – Q4 FY24
Resilient Performance amidst marked FMCG Others – Q4 FY24 slowdown in consumption ▪ Segment Revenue up 7.2% YoY on a high base; 2-yr CAGR +13.1% - Staples, Biscuits, Snacks, Dairy, Homecare and Agarbatti drive growth - Education & Stationery Products Business continues to witness strong traction ▪ S
Slide 15: FMCG Others – Q4 FY24
Segment PBIT +15% YoY FMCG Others – Q4 FY24 (on comparable basis) ▪ Q4 Segment EBITDA margins at 11.6% - Margin expansion sustained by multi-pronged interventions viz. premiumisation, supply chain agility, judicious pricing actions, digital initiatives and strategic cost management Annual Trends Q4
Slide 16: Purposeful Innovation
Purposeful Innovation Leveraging Innovation Platforms Health Hygiene Aashirvaad Atta Aashirvaad Fiama Vivel Soap Aashirvaad Whole Spices Gel bar- Blackcurrant with Millets Himalayan Pink Lime + Aloe Vera Saunf | Ajwain | Jeera & Bearberry 25% millets inside Salt Indulgence Devotion Grooming & Lifest
Slide 17: Purposeful Innovation
Purposeful Innovation Leveraging Innovation Platforms Convenience Aashirvaad Svasti Aashirvaad ITC MasterChef B Natural B Natural Aashirvaad Paneer Slices Besan Paneer Pakoda Gluco Orange Tender Coconut water Kasuri Methi | Chilli Powder Taste Adventure Education Bingo! Snacks Classmate Paperkraft C
Slide 18: Deepening Consumer Connect
Deepening Consumer Connect Leveraging emerging trends Driving Brand Engagement Partnership with Argentine Football Association #YourMomentToEngage | 18 |
Slide 19: Building Brands with Purpose
Building Brands with Purpose CLASSMATE All Rounder Vivel – Mahila Leadership Program Igniting Change: From Grassroots to Community Champions Yippee! “Create Magic” Fiama – Sustainable Packaging To Empower Every Child’s Inner All Rounder A platform for holistic development of students in line with th
Slide 20: Creating Structural Competitive Advantage
World Class Distributed Infrastructure Creating Structural Competitive Advantage Scale| Productivity| Costs ICML Khordha Solar Plant, Dindigul Personal Care Facility, Uluberia Augmenting the Renewable Energy footprint ICML: Integrated Consumer Goods Manufacturing and Logistics Facility | 20 |
Slide 21: FMCG Cigarettes
MM ENA Enduring Value FMCG Cigarettes
Slide 22: FMCG Cigarettes – Q4 FY24
FMCG Cigarettes – Q4 FY24 Sequential uptick amidst subdued demand conditions ▪ Consolidation of volumes on a high base after a period of sustained growth momentum ▪ Net Segment Revenue* up 7.0% and Segment PBIT up 5.0% YoY ̶ 2-yr CAGR: Net Segment Revenue +10.3%, Segment PBIT +9.4% ̶ Net Segment Rev
Slide 23: 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 • Flake XL • Flake Skipper Recent Introductions • Classic Alphatec • A
Slide 24: Hotels Business
Hotels Business ITC Kohenur | 24 |
Slide 25: Hotels – Q4 FY24
Stellar performance continues Hotels – Q4 FY24 Revenue and Profits at record high ▪ Strong growth in RevPar driven by Retail, Contracted and MICE segments Segment Revenue ▪ Segment EBITDA margin expanded by 340 bps YoY to 38.2% driven by higher RevPars, structural cost interventions and operating le
Slide 26: ITC Ratnadipa, Colombo, Sri Lanka
A Magnificent icon of Responsible Luxury ITC Ratnadipa, Colombo, Sri Lanka^ launched in Colombo in April’24 Jala Anganaya Indian Ocean Pavilion The 352-room hotel, with ITC Hotels’ world-acclaimed cuisines Lobby Bedroom ^A project undertaken by WelcomHotels Lanka (Private) Limited, the Company’s who
Slide 27: Trailblazer in Responsible Luxury
Trailblazer in Responsible Luxury First 4 Hotels in the World to receive First 12 Hotels in the World to receive LEED Zero Water Certification LEED Zero Carbon Certification ITC Mughal ITC Sonar ITC Windsor WH Guntur ITC Maratha ITC Grand Central ITC Gardenia ITC Rajputana ITC Maurya Others: Sherato
Slide 28: Recent Openings
Recent Openings Mementos, Jaipur Welcomhotel Hamsa, Manali Urvashi’s Retreat, Manali The Kaba Retreat, Solan | 28 |
Slide 29: Agri Business
MM ENA Enduring Value Agri Business
Slide 30: Agri Business – Q4 FY24
Strategic portfolio (comprising Value Added Agri products) Agri Business – Q4 FY24 and leaf tobacco Revenues up 18% YoY ▪ Operating environment remained challenging due to various policy interventions of the Government of India to ensure food security and control inflation Segment Revenue ▪ Strong c
Slide 31: Paperboards, Paper & Packaging
Paperboards, Paper & Packaging | 31 |
Slide 32: Paperboards, Paper & Packaging – Q4 FY24
Challenging operating environment Paperboards, Paper & Packaging – Q4 FY24 & high base effect ▪ Segment performance reflects impact of low priced Chinese supplies in international markets (including India), muted domestic demand, surge in wood cost and high base effect Segment Revenue ▪ Margins impa
Slide 33: Financials
Financials | 33 |
Slide 34: Key Financials
Key Financials Q4 Q4 Q4 Q4 YoY YoY 2 2Yr. Yr. YoY YoY 2 Yr. 2 Yr. Rs. Cr. FY24 FY24 FY23 FY23 FY24 FY24 FY23 FY23 Growth Growth CAGR CAGR Growth Growth CAGR CAGR Gross Revenue* 17,572 17,572 17,224 17,224 2.0% 2.0% 4.1% 4.1% 69,446 69,446 69,481 69,481 0.0% 0.0% 8.4% 8.4% Net Revenue 16,371 16,371 1
Slide 35: Segment Revenue & Results Q4 FY24
Segment Revenue & Results Q4 FY24 Q4 Q4 YoY 2 Yr. YoY 2 Yr. Rs. cr. FY24 FY23 Rs. cr. FY24 FY23 growth CAGR growth CAGR Segment Results Segment Revenue a) FMCG - Cigarettes 4923 4689 5.0% 9.4% a) FMCG - Cigarettes 7925 7356 7.7% 10.9% - Others 477 502 -4.9% 42.2% - Others 5300 4945 7.2% 13.1% Total
Slide 36: Segment Revenue & Results FY24
Segment Revenue & Results FY24 Full Year Full Year YoY 2 Yr. YoY 2 Yr. Rs. cr. FY24 FY23 Rs. cr. FY24 FY23 growth CAGR growth CAGR Segment Results Segment Revenue a) FMCG - Cigarettes 19089 17927 6.5% 13.3% a) FMCG - Cigarettes 30597 28207 8.5% 14.2% - Others 1779 1374 29.4% 38.8% - Others 20967 191
Slide 37: ITC – A Global Exemplar in Sustainability
ITC – A Global Exemplar in Sustainability | 37 |
Slide 38: Impactful Social Performance
Impactful Social Performance ITC e-Choupal Afforestation Watershed Development Livestock Development Solid Waste Management Over 11.7 lac acres Over 16 lac acres Well-being Out of Waste 4 Million Farmers Over 22 lac milch programme covers empowered greened covered animals covered 64 lac households W
Slide 39: Sustainability 2.0 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 40: Sustainability – Highlights
Sustainability – Highlights • Comprehensive policies & guidelines institutionalized • 7 ITC Units have received AWS (Alliance for Water Stewardship) Platinum certification • 50% energy from renewable sources achieved for the first time, well ahead of 2030 target • Plastic Neutrality commitment excee
Slide 41: ITC Infotech
ITC Infotech | 4141|
Slide 42: ITC Infotech
ITC Infotech Customer Centricity | Employee Centricity | Operational Excellence Rs. cr. +37% FY24 FY24 • Q4 Revenue up 13% YoY, FY24 Revenue up 12% YoY • Healthy Total Contract Value (TCV) signings; strong pipeline Signed a Share Purchase Agreement (SPA) for acquisition of 100% equity shares of Blaz
Slide 43: ITC: Enduring Value
ITC: Enduring Value A passion for in a way that is and Profitable growth... Sustainable… Inclusive. | 43 |
Slide 44: 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