ITC2024-01-012024-03-31 ITC2024-01-012024-03-31 ITC2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member ITC2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member ITC2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member ITC2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member ITC2024-03-31 ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue03Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue04Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue05Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue06Member ITC2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member ITC2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member ITC2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue03Member ITC2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue04Member ITC2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue05Member ITC2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue06Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults03Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults04Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults05Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults06Member ITC2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member ITC2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member ITC2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults03Member ITC2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults04Member ITC2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults05Member ITC2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults06Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets03Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets04Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets05Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets06Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member ITC2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member ITC2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member ITC2024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities04Member ITC2024-03-31in-bse-fin:OneReportableSegmentLiabilities04Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities05Member ITC2024-03-31in-bse-fin:OneReportableSegmentLiabilities05Member ITC2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities06Member ITC2024-03-31in-bse-fin:OneReportableSegmentLiabilities06Member ITC2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member ITC2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member ITC2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member ITC2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500875 ITC NOTLISTED ITC Limited Equity 2023-04-01 2024-03-31 2024-05-23 2024-05-09 INR Crores Yearly 12:15:00 14:00:00 2024-05-23 2024-05-23 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Audited Consolidated 194464900000.00 6838300000.00 201303200000.00 55503400000.00 13754200000.00 -3387200000.00 15579500000.00 125900000.00 4614400000.00 46752800000.00 132943000000.00 68360200000.00 -20500000.00 68339700000.00 15742400000.00 725100000.00 16467500000.00 0.00 51872200000.00 0.00 0.00 0.00 34900000.00 51907100000.00 20225600000.00 72132700000.00 51205500000.00 701600000.00 71428000000.00 704700000.00 12484700000.00 1 4.10 4.10 0.00 0.00 4.10 4.10 1. The audited Consolidated Financial Results and Segment Results were reviewed by the Audit Committee, and approved by the Board of Directors of the Company at its meeting held on 23rd May, 2024. 2. The continuing significant brand building costs covering a range of personal care and branded packaged food products are reflected under 'Other expenses' stated above and in Segment Results under 'FMCG-Others'. 3. 91,12,800 Ordinary Shares of Re. 1/- each were issued and allotted under the Company’s Employee Stock Option Schemes during the quarter ended 31st March, 2024. Consequently, the issued and paid-up Share Capital of the Company stands increased to Rs. 1248,47,21,471/- as on 31st March, 2024. 4. The National Company Law Tribunal, Kolkata Bench, vide Order dated 22nd April, 2024, has directed to convene a Meeting of the Ordinary Shareholders of the Company on Thursday, 6th June, 2024 for the purpose of considering, and if thought fit, approving the Scheme of Arrangement amongst ITC Limited 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 for demerger of the Company’s Hotels Business into ITCHL. Further, expenses aggregating Rs. 2.05 Crores incurred during the quarter (quarter ended 31.12.2023 - Rs. 5.52 Crores and twelve months ended 31.03.2024 - Rs. 7.57 Crores) in relation to the said demerger has been disclosed as ‘Exceptional Items’. 5. The Company on 11th March, 2024 acquired 2,356 Compulsorily Convertible Preference Shares of Rs. 10/- each of Sproutlife Foods Private Limited (Sproutlife), an associate company, consequent to which the Company's shareholding in Sproutlife aggregated 44.74% of its share capital on a fully diluted basis. 6. The Company on 22nd March, 2024 acquired from Russell Credit Limited, a wholly owned subsidiary, 36,26,633 Equity Shares of Rs. 10/- each of International Travel House Limited (ITHL), an associate company, and 90,000 Equity Shares of Rs. 100/- each of Maharaja Heritage Resorts Limited (MHRL), a joint venture company, at their respective book values. Consequently, the Company’s shareholding in ITHL and MHRL aggregated 48.96% and 50%, respectively, of their paid-up share capital. 7. The Board of Directors of the Company have recommended to the Members for their approval, Final Dividend of Rs. 7.50 per Ordinary Share of Re. 1/- each for the financial year ended 31st March, 2024 (previous year: Final Dividend of Rs. 6.75 per Ordinary Share and Special Dividend of Rs. 2.75 per Ordinary Share). Together with the Interim Dividend of Rs. 6.25 per Ordinary Share (previous year: Rs. 6.00 per Ordinary Share) paid on 27th February, 2024, the total Dividend for the financial year ended 31st March, 2024 amounts to Rs. 13.75 per Ordinary Share (previous year: Rs. 12.75 per Ordinary Share and Special Dividend of Rs. 2.75 per Ordinary Share). Total cash outflow on account of Dividend (including Interim Dividend of Rs. 7799.45 crores paid in February, 2024) will be Rs. 17162.99 crores. The Record Date fixed for the purpose of determining entitlement of the Members for the Final Dividend is Tuesday, 4th June, 2024 and such Dividend, if declared, will be paid between Monday, 29th July, 2024 and Wednesday, 31st July, 2024 to those Members entitled thereto. 8. The 113th Annual General Meeting of the Company has been convened for Friday, 26th July, 2024. 9. Figures presented as “...” are below the rounding off norm adopted by the Group. 10. This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Multi segment 2023-04-01 2024-03-31 Audited Consolidated 768404900000.00 27278400000.00 795683300000.00 217725800000.00 60633200000.00 -5886900000.00 61343500000.00 459600000.00 18163900000.00 172045800000.00 524484900000.00 271198400000.00 -75700000.00 271122700000.00 61652700000.00 2232500000.00 63885200000.00 0.00 207237500000.00 0.00 0.00 0.00 276100000.00 207513600000.00 29556600000.00 237070200000.00 204587800000.00 2925800000.00 234144400000.00 2925800000.00 12484700000.00 1 732585300000.00 16.42 16.38 0.00 0.00 16.42 16.38 Excise Duty 15237900000.00 Other Expenses 31514900000.00 Excise Duty 59594900000.00 Other Expenses 112450900000.00 3829700000.00 230823300000.00 28511400000.00 3409300000.00 7797300000.00 26781100000.00 96400000.00 0.00 5497300000.00 176198700000.00 0.00 40500000.00 4089900000.00 180329100000.00 721900000.00 23639100000.00 507606200000.00 141528800000.00 129444200000.00 40258200000.00 6258900000.00 65917900000.00 98100000.00 11817400000.00 253794700000.00 0.00 15331900000.00 410655400000.00 0.00 0.00 918261600000.00 12484700000.00 732585300000.00 745070000000.00 748899700000.00 17600000.00 0.00 6645700000.00 6663300000.00 2883000000.00 21414400000.00 0.00 1497200000.00 32457900000.00 95200000.00 47978300000.00 22405400000.00 70478900000.00 55947200000.00 1069100000.00 9408800000.00 0.00 136904000000.00 0.00 0.00 169361900000.00 918261600000.00 1. ‘Other non-current assets’ includes ‘Right of Use Assets’ of Rs. 939.12 Crores, ‘Income Tax Assets (Net)’ of Rs. 44.93 Crores and ‘Other non-current assets’ of Rs. 1379.86 Crores. 2. ‘Other current assets’ includes ‘Biological assets other than bearer plants’ of Rs. 150.00 Crores and ‘Other current assets’ of Rs. 1383.19 Crores. 3. ‘Other non-current financial liabilities’ includes ‘Lease liabilities’ of Rs. 230.61 Crores and ‘Other financial liabilities’ of Rs. 433.96 Crores. 4. ‘Trade payables, current’ includes ‘Total outstanding dues of micro enterprises and small enterprises’ of Rs. 207.23 Crores and ‘Total outstanding dues of creditors other than micro enterprises and small enterprises’ of Rs. 4590.60 Crores. 5. ‘Other current financial liabilities’ includes ‘Lease liabilities’ of Rs. 61.54 Crores and ‘Other financial liabilities’ of Rs. 2179.00 Crores. Agri Business 31364300000.00 FMCG - Cigarettes 86889200000.00 FMCG - Others 53079400000.00 Hotels 9310300000.00 Others 9678000000.00 Paperboards, Paper & Packaging 20728600000.00 Agri Business 161244300000.00 FMCG - Cigarettes 336679700000.00 FMCG - Others 210021500000.00 Hotels 31033900000.00 Others 36511400000.00 Paperboards, Paper & Packaging 83444100000.00 211049800000.00 858934900000.00 18135800000.00 96185100000.00 192914000000.00 762749800000.00 Agri Business 1865200000.00 FMCG - Cigarettes 51575700000.00 FMCG - Others 4798400000.00 Hotels 2642200000.00 Others 1813000000.00 Paperboards, Paper & Packaging 2910600000.00 Agri Business 12783300000.00 FMCG - Cigarettes 200710400000.00 FMCG - Others 17899100000.00 Hotels 7649400000.00 Others 6001400000.00 Paperboards, Paper & Packaging 13723400000.00 65605100000.00 258767000000.00 125900000.00 459600000.00 -2895400000.00 1. ‘Revenue from operations’ should be read as ‘Gross Revenue from sale of products and services’. 2. ‘Other Unallocable Expenditure net off Unallocable income’ should be read as ‘Other un-allocable (income) net of un-allocable expenditure [Note (i)]’. 3. In case of 3 months ended 31.03.2024, ‘Other Unallocable Expenditure net off Unallocable income’ includes ‘Other un-allocable (income) net of un-allocable expenditure [Note (i)]’ of Rs. (288.10) Crores and Exceptional Items * of Rs. 2.05 Crores. * Refer note 4 to the consolidated financial results. 4. In case of 12 months ended 31.03.2024, ‘Other Unallocable Expenditure net off Unallocable income’ includes ‘Other un-allocable (income) net of un-allocable expenditure [Note (i)]’ of Rs. (1289.10) Crores and Exceptional Items * of Rs. 7.57 Crores. * Refer note 4 to the consolidated financial results. Note (i): As stock options and stock appreciation linked reward units are granted under the ITC Employee Stock Option Schemes (ITC ESOS) and ITC Employee Cash Settled Stock Appreciation Linked Reward Plan (ITC ESARP), respectively, to align the interests of employees with those of shareholders and also to attract and retain talent for the enterprise as a whole, the charge thereof do not form part of the segment performance reviewed by the Corporate Management Committee. -13091400000.00 68374600000.00 271398800000.00 Agri Business 58500700000.00 FMCG - Cigarettes 97518600000.00 FMCG - Others 125928100000.00 Hotels 87651800000.00 Others 34968600000.00 Paperboards, Paper & Packaging 95967600000.00 500535400000.00 417726200000.00 918261600000.00 Agri Business 14677200000.00 FMCG - Cigarettes 54428400000.00 FMCG - Others 24913400000.00 Hotels 11590600000.00 Others 12525000000.00 Paperboards, Paper & Packaging 12872300000.00 131006900000.00 38355000000.00 169361900000.00 459600000.00 -25448700000.00 -9336400000.00 0.00 0.00 0.00 0.00 0.00 0.00 1414800000.00 0.00 0.00 0.00 18163900000.00 600000.00 0.00 0.00 0.00 0.00 -133800000.00 111300000.00 17105100000.00 1073000000.00 -8401700000.00 0.00 0.00 1286600000.00 0.00 0.00 -38138500000.00 232984200000.00 0.00 0.00 0.00 61195600000.00 0.00 171788600000.00 0.00 0.00 778295100000.00 751072900000.00 0.00 0.00 0.00 0.00 1074800000.00 35625300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 650400000.00 125500000.00 112900000.00 0.00 0.00 356500000.00 11383500000.00 0.00 11879000000.00 0.00 15627700000.00 0.00 0.00 14428300000.00 0.00 0.00 0.00 0.00 0.00 80000000.00 15700000.00 0.00 668900000.00 198992000000.00 462500000.00 0.00 121200000.00 -185509600000.00 1906700000.00 0.00 1906700000.00 4059100000.00 5965800000.00 Items that will not be reclassifed to profit or loss 20140900000.00 Items that will not be reclassifed to profit or loss 29415200000.00 20140900000.00 29415200000.00 2260800000.00 2685300000.00 Items that will be reclassifed to profit or loss 2398300000.00 Items that will be reclassifed to profit or loss 2914600000.00 2398300000.00 2914600000.00 52800000.00 87900000.00