Slide 1: Cover letter to stock exchanges
22nd May, 2025 The Manager The General Manager The Secretary Listing Department Dept. of Corporate Services The Calcutta Stock National Stock Exchange of BSE Ltd. Exchange Ltd. India Ltd. P. J. Towers 7, Lyons Range Exchange Plaza Dalal Street Kolkata 700 001 Plot No. C-1, G Block Mumbai 400 001 Ban
Slide 2: Copy addressees
cc: Securities Exchange Commission Division of Corporate Finance Office of International Corporate Finance Mail Stop 3-9 450 Fifth Street Washington DC 20549 U.S.A. cc: Societe de la Bourse de Luxembourg 35A Boulevard Joseph II L-1840 Luxembourg
Slide 3: Media Statement: Standalone Financial Results
ITC Limited Virginia House 37 J. L. Nehru Road Kolkata, 700 071, India Tel.: 91 33 2288 9371 Fax: 91 33 2288 4016 / 1256 / 2259 / 2260 Media Statement May 22, 2025 Standalone Financial Results for the Quarter and Year ended 31st March, 2025 Highlights • Board recommends Final Dividend of Rs. 7.85 pe
Slide 4: Performance Highlights
PERFORMANCE HIGHLIGHTS • Resilient performance in FMCG–Others Segment amidst subdued demand conditions and sharp escalation in input costs - Full Year: Segment Revenue up 4.8% YoY; up 6.2% YoY ex-Notebooks - Q4: Segment Revenue up 3.7% YoY; up 5.4% YoY ex-Notebooks - Atta, Spices, Snacks, Frozen Sna
Slide 5: Macro Economic Context
MACRO ECONOMIC CONTEXT Global growth slowed down from 3.5% in 2023 to 3.3% in 20244 and remained appx. 40 bps below the long-term trend rate, with the slowdown being largely attributable to slowdown in Advanced Economies and structural weakness in the Chinese economy. India remains the fastest growi
Slide 6: FMCG business digital and consumer engagement
The Businesses continue to leverage the power of digital to drive superior consumer insights & innovation, deepen consumer engagement and enhance brand loyalty. The Company continues to make strategic interventions aimed at delivering delightful brand experiences seamlessly across touchpoints throug
Slide 7: FMCG brand and portfolio updates
continues to enhance its presence in emerging channels and core markets to enable full portfolio play along with expansion of the blended portfolio. − ‘Sunfeast’ Biscuits continues to strengthen its core portfolio with investments behind powerful brand ideas, superior products, strong consumer conne
Slide 8: Personal care and home care updates
a year-long leadership training programme that fosters women’s empowerment and enables young women leaders to be catalysts of change in their communities. ‘Savlon’ delivered resilient performance, leveraging initiatives such as ‘Savlon Lao Shaan Badhao’. As a testament to the Business’ focus on inno
Slide 9: Mangaldeep, Safety Matches and Cigarettes
Mangaldeep aims to be an enabler of devotion and wellbeing through its fragrances. Over the years, the brand has built a range of products on a differentiated consumer proposition of long-lasting fragrances. The Business has co- created these superior fragrances with the help of 150+ visually impair
Slide 10: Agri Business update
engagement, operational agility and supply chain efficiency enabled the Business to deliver enhanced value to customers and consolidate its pre-eminent position as the largest Indian exporter of unmanufactured tobacco. The Business continues to set benchmarks in green leaf threshing operations throu
Slide 11: Paperboards, Paper & Packaging
PAPERBOARDS, PAPER & PACKAGING The Paperboards, Paper and Packaging Segment delivered resilient performance during the year amidst a challenging operating environment as aforestated. The Business continued its sharp focus on portfolio augmentation, export customer/market development and structural c
Slide 12: Link to quarterly highlights and Board approval
Please refer link below for performance highlights of the quarter: https://www.itcportal.com/investor/pdf/ITC-Quarterly-Result-Presentation-Q4-FY2025.pdf The Board of Directors, at its meeting on 22nd May 2025, approved the financial results for the year ended 31st March 2025, which are enclosed. (N
Slide 13: Q4 & FY25 Results
Q4 & FY25 Results 22nd May, 2025 |1|
Slide 14: 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 15: Macro Economic Context
Macro Economic Context |3|
Slide 16: India Macro Environment
India Macro Environment Indian Economy remains relatively resilient amidst sluggish global economy ▪ FY25 Real GDP growth estimated at 6.5% (FY24: 9.2%) Real GDP growth YoY ▪ FY26 Real GDP projected to grow at 6.5% 9.2 ▪ Consumption Expenditure expected to pick up 6.5 6.5 progressively − Continued r
Slide 17: Macro Economic Environment
Macro Economic Environment Key Key Heightened Positives Monitorables Uncertainty Geopolitical Strong Bank & Urban demand Inflation disruptions Stable growth Corporate recovery trajectory outlook Balance Sheets Reciprocal trade tariffs Fiscal Deficit External Steady Rural Good Rabi crop relatively Pr
Slide 18: Q4 FY25 Results Headline Financials & Business Highlights
Q4 FY25 Results Headline Financials & Business Highlights |6|
Slide 19: Key Highlights: FY25
Resilient performance amidst a subdued demand Key Highlights: FY25 environment & sharp escalation in input costs Gross Revenue EBITDA +10.2% +2.3% Ex paper up 4.4% Total Dividend Rs. 14.35 per share (Including Interim Dividend of Rs. 6.50 per share) Note: Continuing Operations on Standalone basis |7
Slide 20: Key Highlights: Q4 FY25
Key Highlights: Q4 FY25 Gross Revenue EBITDA +9.2% +2.5% Ex paper up 4.2% Resilient performance amidst a subdued demand environment & sharp escalation in input costs Note: Continuing Operations on Standalone basis |8|
Slide 21: Key Highlights: Hotels Demerger and Acquisitions
Key Highlights ▪ Hotels Business demerged into ITC Hotels Limited (ITCHL) with effect from 1st January 2025 ̶ Reported as ‘Discontinued Operations’ in the financial results for the year ended 31st March, 2025 in line with applicable Indian Accounting Standards. ▪ Value accretive acquisitions announc
Slide 22: Key Highlights: FMCG-Others
Key Highlights Resilient performance amidst a subdued demand environment & sharp escalation in input costs ̶ Full Year Gross Revenue up 10.2% YoY and EBITDA up 2.3% YoY (ex- Paper, up 4.4% YoY) ̶ Q4 Gross Revenue up 9.2% YoY and EBITDA up 2.5% YoY (ex-Paper, up 4.2% YoY) ̶ Sharp escalation in key in
Slide 23: Key Highlights: Cigarettes and Agri Business
Key Highlights ▪ Cigarettes Net Segment Revenue up 7.1% YoY & Segment PBIT up 4.9% YoY for the Full Year ̶ Q4 Net Segment Revenue up 6.0% YoY; Segment PBIT up 4.0% YoY ̶ Strategic portfolio and micro market interventions, with focus on competitive belts and to counter illicit trade, drive volume-led
Slide 24: Key Highlights: Paperboards, Paper and Packaging
Key Highlights ▪ Paperboards, Paper and Packaging Segment remains impacted due to low priced Chinese & Indonesian supplies in global markets including India, soft domestic demand conditions and unprecedented surge in wood prices ̶ Subdued realisation and surge in domestic wood prices continue to wei
Slide 25: 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 Purposeful Resilient Competitiveness
Slide 26: FMCG Cigarettes
MM ENA Enduring Value FMCG Cigarettes
Slide 27: FMCG Cigarettes – Q4 FY25
FMCG Cigarettes – Q4 FY25 Strong volume led revenue growth ▪ Net Segment Revenue* up 6.0% YoY, driven by volumes Segment Revenue ▪ Sharp cost escalation in leaf tobacco partly mitigated through improved mix and focused cost management initiatives 8400 cr. 6.0% ▪ Business continues to counter illicit
Slide 28: FMCG Cigarettes: Reinforcing market standing
FMCG Cigarettes Reinforcing market standing Innovation Portfolio Fortification • Classic Connect • Scissors • American Club Clove Mint • Flake Spl • Gold Flake Indie Mint • Silk Cut Red Recent Introductions • Classic Clove • Gold Flake SLK Range • Flake Insta Fresh • Classic Icon • Gold Flake Nova •
Slide 29: FMCG Others
A Masaledar chole ka asli saathi @ MP Chakki Atta se bani garam roti! MM ENA Enduring Value Paperkraft Stationery essentials FMCG Others EXPERIENCE FRESH BLOOMS IN EVERY SPRAY
Slide 30: FMCG Others – Q4 FY25
Resilient performance amidst FMCG Others – Q4 FY25 muted demand conditions ▪ Resilient performance in FMCG – Others; Q4 Segment Revenue up 4% YoY, up 5.4% YoY ex Notebooks - Atta, Spices, Frozen Snacks, Dairy, Premium Personal Wash, Homecare & Agarbatti drive growth - Notebooks impacted by heightene
Slide 31: FMCG Others: Segment EBITDA margin
FMCG Others ▪ Q4 Segment EBITDA margin at 8.9%; FY25 at 9.8% - Severe inflationary pressures in prices of edible oil, wheat, maida, potato, cocoa, packaging inputs etc. - Partially mitigated through focused cost management initiatives, calibrated pricing actions and premiumisation - Sustained compet
Slide 32: Future-Ready Portfolio
Future-Ready Portfolio Recent Launches Fortifying the Core Addressing New Growth Adjacencies Vectors Sunfeast Bingo! Salt ‘n Pepper Engage Perfume Sunrise Pure Masala Bingo! Namkeen Vanilla Milkshake Popped Chips L’amante Soie Chinese Fried | Schezwan | Peri Peri Fabelle Exquisite Pudina Twist Hazel
Slide 33: Deepening Consumer Engagement
Deepening Consumer Engagement Innovative communication Full on Festivals | 21 |
Slide 34: Leveraging Special Occasions to enhance Consumer Connect
Leveraging Special Occasions to enhance Consumer Connect | 22 |
Slide 35: Agri Business
A Enduring Value Agri Business
Slide 36: Agri Business – Q4 FY25
Segment Revenue up 18% YoY Agri Business – Q4 FY25 led by Leaf Tobacco, Value Added Agri Exports & Rice ▪ Strong growth in Value Added agri exports (Coffee, Spices, etc.) Segment Revenue ̶ Coffee: Leveraged strong customer relationships & high demand (a/c shortage in key origins) 3649 cr. 17.7% ̶ Sp
Slide 37: Nicotine Derivatives
Nicotine Derivatives ‒ Purity @99.9% ‒ Quality → US & EU pharmacopoeia ‒ ESG aligned value chain Leading to superior and sustained margins ‒ State-of-the-Art cGMP standard processing facility Product / ‒ Green energy Customer ‒ Zero Liquid & Solid Waste Discharge IIVL facility, Mysore ‒ Farm level S
Slide 38: Paperboards, Paper & Packaging
Paperboards, Paper & Packaging | 26 |
Slide 39: Paperboards, Paper & Packaging – Q4 FY25
Resilient performance amidst a Paperboards, Paper & Packaging – Q4 FY25 challenging operating environment ▪ Low priced Chinese & Indonesian supplies, soft domestic demand, lower realisations Segment Revenue continue to impact Industry performance 2188 cr. 5.5% ― Excess capacities in certain geograph
Slide 40: Financials
Financials | 28 |
Slide 41: Key Financials - FY25
Key Financials - FY25 Rs. cr. FY25 FY24 GOLY Gross Revenue 73,465 66,657 10.2% EBITDA 24,025 23,494 2.3% ex-Paper up 4.4% PBT 26,529 25,632 3.5% PAT 20,092 19,910 0.9% Comparable PAT Current year PAT includes fair value gain of Rs. 463 cr. upon acquisition of certain investments at cost from a wholl
Slide 42: Key Financials – Q4 FY25
Key Financials – Q4 FY25 Q4 Q4 Rs. cr. GOLY FY25 FY24 Gross Revenue 18,266 16,732 9.2% EBITDA 5,986 5,842 2.5% ex-Paper up 4.2% PBT 6,417 6,288 2.1% PAT 4,875 4,837 0.8% Comparable PAT Current year PAT includes impact of Rs. 35 cr. for capital gains tax related changes on treasury investments. Note:
Slide 43: Segment Revenue & Results FY25
Segment Revenue & Results FY25 Full Year Full Year Rs. cr. Rs. cr. FY25 FY24 GOLY FY25 FY24 GOLY Segment Results Segment Revenue a) FMCG - Cigarettes 20025 19089 5% a) FMCG - Cigarettes 32631 30597 7% - Others 1580 1779 -11% - Others 21982 20967 5% Total FMCG 21605 20868 4% Total FMCG 54613 51563 6%
Slide 44: Segment Revenue & Results Q4 FY25
Segment Revenue & Results Q4 FY25 Q4 Q4 Rs. cr. Rs. cr. FY25 FY24 GOLY FY25 FY24 GOLY Segment Results Segment Revenue a) FMCG - Cigarettes 5118 4923 4% a) FMCG - Cigarettes 8400 7925 6% - Others 345 477 -28% - Others 5495 5300 4% Total FMCG 5463 5401 1% Total FMCG 13894 13225 5% b) Agri Business 255
Slide 45: Note relating to Hotels Demerger
FY25 Financial Results Note relating to Hotels Demerger The Scheme of Arrangement amongst the Company and ITC Hotels Limited (‘ITCHL’) and their respective shareholders and creditors under Sections 230 to 232 read with the other applicable provisions of the Companies Act, 2013 (‘the Scheme’) for dem
Slide 46: Note relating to Hotels Demerger (accounting)
FY25 Financial Results Note relating to Hotels Demerger As provided in the Scheme, the Company has accounted for the aforesaid demerger in its books of accounts in accordance with the Indian Accounting Standards (Ind AS) and generally accepted accounting principles in India. The fair value of the ne
Slide 47: Discontinued Operations particulars
FY25 Financial Results Note relating to Hotels Demerger Brief particulars of the Discontinued Operations are given as under: (₹ in Crores) Corresponding Preceding Twelve Twelve Sr. 3 Months 3 Months 3 Months Months Months Particulars No. ended ended ended ended ended 31.03.2025 31.03.2024 31.12.2024
Slide 48: ITC – A Global Exemplar in Sustainability
ITC – A Global Exemplar in Sustainability | 36 |
Slide 49: Impactful Social Performance
Impactful Social Performance On-farm livelihood Off-farm livelihood ITC e-Choupal Natural Resources diversification – Afforestation diversification – Livestock Climate Smart Agriculture^ Management – Water 4 Million Farmers Development Over 31.7 lac acres covered Stewardship Over 13.2 lac acres Over
Slide 50: 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 51: Sustainability – Highlights
Sustainability – Highlights • Comprehensive policies & guidelines institutionalised • 9 ITC Units have received AWS (Alliance for Water Stewardship) Platinum certification • ~52% energy from renewable sources • Maintained Plastic Neutrality - ~76,000 MT of plastic waste managed in FY25 • Approx. 800
Slide 52: ITC Infotech
ITC Infotech | 4040|
Slide 53: ITC Infotech
ITC Infotech Customer Centricity | Employee Centricity | Operational Excellence Rs. cr. Rs.cr. Revenue FY25 YoY +14% Adj. EBITDA FY25 YoY +13% Revenue Adj. EBITDA Rs.cr. 4500 4200 850 4500 4245 2000 3900 800 787 750 3600 700 4000 1800 3300 650 3500 1600 600 3730 3000 3000 1400 2700 4245 550 500 697
Slide 54: ITC: Enduring Value
ITC: Enduring Value A passion for in a way that is and Profitable growth... Sustainable… Inclusive. | 42 |
Slide 55: 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