ITC2023-01-012023-03-31 ITC2023-01-012023-03-31 ITC2023-01-012023-03-31in-bse-fin:OneOperatingExpenses01Member ITC2023-01-012023-03-31in-bse-fin:OneOperatingExpenses02Member ITC2023-01-012023-03-31in-bse-fin:FourOperatingExpenses01Member ITC2023-01-012023-03-31in-bse-fin:FourOperatingExpenses02Member ITC2023-03-31 ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentRevenue01Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentRevenue02Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentRevenue03Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentRevenue04Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentRevenue05Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentRevenue06Member ITC2023-01-012023-03-31in-bse-fin:FourReportableSegmentRevenue01Member ITC2023-01-012023-03-31in-bse-fin:FourReportableSegmentRevenue02Member ITC2023-01-012023-03-31in-bse-fin:FourReportableSegmentRevenue03Member ITC2023-01-012023-03-31in-bse-fin:FourReportableSegmentRevenue04Member ITC2023-01-012023-03-31in-bse-fin:FourReportableSegmentRevenue05Member ITC2023-01-012023-03-31in-bse-fin:FourReportableSegmentRevenue06Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentResults01Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentResults02Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentResults03Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentResults04Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentResults05Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentResults06Member ITC2023-01-012023-03-31in-bse-fin:FourReportableSegmentResults01Member ITC2023-01-012023-03-31in-bse-fin:FourReportableSegmentResults02Member ITC2023-01-012023-03-31in-bse-fin:FourReportableSegmentResults03Member ITC2023-01-012023-03-31in-bse-fin:FourReportableSegmentResults04Member ITC2023-01-012023-03-31in-bse-fin:FourReportableSegmentResults05Member ITC2023-01-012023-03-31in-bse-fin:FourReportableSegmentResults06Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentAssets01Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentAssets02Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentAssets03Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentAssets04Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentAssets05Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentAssets06Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentLiabilities01Member ITC2023-03-31in-bse-fin:OneReportableSegmentLiabilities01Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentLiabilities02Member ITC2023-03-31in-bse-fin:OneReportableSegmentLiabilities02Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentLiabilities03Member ITC2023-03-31in-bse-fin:OneReportableSegmentLiabilities03Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentLiabilities04Member ITC2023-03-31in-bse-fin:OneReportableSegmentLiabilities04Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentLiabilities05Member ITC2023-03-31in-bse-fin:OneReportableSegmentLiabilities05Member ITC2023-01-012023-03-31in-bse-fin:OneReportableSegmentLiabilities06Member ITC2023-03-31in-bse-fin:OneReportableSegmentLiabilities06Member ITC2023-01-012023-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member ITC2023-01-012023-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member ITC2023-01-012023-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member ITC2023-01-012023-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500875 ITC NOTLISTED ITC Limited Equity 2022-04-01 2023-03-31 2023-05-18 2023-05-05 INR Crores Yearly 12:25:00 14:30:00 2023-05-18 2023-05-18 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2023-01-01 2023-03-31 Audited Consolidated 190582900000.00 6096500000.00 196679400000.00 51899800000.00 18416900000.00 -2611200000.00 14428100000.00 121500000.00 4614000000.00 42209300000.00 129078400000.00 67601000000.00 728700000.00 68329700000.00 16733700000.00 -654200000.00 16079500000.00 0.00 52250200000.00 0.00 0.00 0.00 175700000.00 52425900000.00 277700000.00 52703600000.00 51754800000.00 671100000.00 52030200000.00 673400000.00 12428000000.00 1 4.17 4.15 0.00 0.00 4.17 4.15 1. ‘Revenue from operations’ includes ‘Gross Revenue from sale of products and services’ and ‘Other operating revenue’. 2. ‘Changes in inventories of finished goods, work-in-progress and stock-in-trade’ should be read as ‘Changes in inventories of finished goods, stock-in-trade, work-in-progress and intermediates’. 3. ‘Depreciation, depletion and amortisation expense’ should be read as ‘Depreciation and amortization expense’. NOTES TO STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND TWELVE MONTHS ENDED 31.03.2023 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 18th May, 2023. 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. 1,57,08,740 Ordinary Shares of Re. 1/- each were issued and allotted under the Company’s Employee Stock Option Schemes during the quarter ended 31st March, 2023. Consequently, the issued and paid-up Share Capital of the Company stands increased to Rs. 1242,80,17,741/- as on 31st March, 2023. 4. Exceptional items represent proceeds received in partial settlement of the insurance claim towards leaf tobacco stocks, which were destroyed due to fire at a third party owned warehouse in an earlier year. 5. The Company on 19th April, 2023 executed the Transaction Documents to acquire 100% of the share capital (on a fully diluted basis) of Sproutlife Foods Private Limited (Sproutlife). On 4th May, 2023, the Company, in the first tranche, acquired 2,443 Equity Shares of Rs. 10/- each and 7,215 Compulsorily Convertible Preference Shares of Rs. 10/- each, consequent to which the Company’s shareholding in Sproutlife aggregated 39.42% of its share capital on a fully diluted basis. 6. The Company incorporated a new wholly owned subsidiary viz., ‘ITC Fibre Innovations Limited’ on 3rd March, 2023. 7. The Company on 7th April, 2023 divested its entire shareholding, i.e., 26.00% of the paid-up share capital held in Espirit Hotels Private Limited (Espirit), consequent to which Espirit ceased to be a joint venture of the Company with effect from the said date. 8. The Board of Directors of the Company have recommended to the Members for their approval, a Special Dividend of Rs. 2.75 per Ordinary share in addition to the Final Dividend of Rs. 6.75 per Ordinary share for the financial year ended 31st March, 2023 (Final Dividend for the financial year ended 31st March, 2022 - Rs. 6.25 per Ordinary Share). Together with the Interim Dividend of Rs. 6.00 per Ordinary share (previous year Rs. 5.25 per Ordinary share) paid on 3rd March, 2023, the total Dividend for the financial year ended 31st March, 2023 amounts to Rs. 15.50 per Ordinary share (previous year Rs. 11.50 per Ordinary share). Total cash outflow on account of Dividend (including interim Dividend of Rs. 7448.41 crores paid in March 2023) will be Rs. 19255.02 crores (previous year Rs. 14171.51 crores). The Record Date fixed for the purpose of determining entitlement of the Members for such Dividend is Tuesday, 30th May, 2023 and such Dividend, if declared, will be paid between Monday, 14th August, 2023 and Thursday, 17th August, 2023 to those Members entitled thereto. 9. This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Multi segment 2022-04-01 2023-03-31 Audited Consolidated 765182100000.00 19804900000.00 784987000000.00 202759900000.00 90883700000.00 -3585900000.00 57362200000.00 432000000.00 18090100000.00 161112900000.00 527054900000.00 257932100000.00 728700000.00 258660800000.00 64509000000.00 -125000000.00 64384000000.00 0.00 194276800000.00 0.00 0.00 0.00 490400000.00 194767200000.00 910200000.00 195677400000.00 191916600000.00 2850600000.00 192834200000.00 2843200000.00 12428000000.00 1 679124600000.00 15.50 15.46 0.00 0.00 15.50 15.46 Excise Duty 14234000000.00 Other Expenses 27975300000.00 Excise Duty 55813600000.00 Other Expenses 105299300000.00 3835300000.00 211170800000.00 29847100000.00 3522600000.00 7797300000.00 27273200000.00 185900000.00 0.00 3375900000.00 118445700000.00 0.00 54800000.00 37397500000.00 155898000000.00 520200000.00 22529900000.00 462120900000.00 117711600000.00 172328600000.00 29561700000.00 4633500000.00 44168400000.00 71200000.00 11186700000.00 261950100000.00 0.00 17047200000.00 396708900000.00 0.00 0.00 858829800000.00 12428000000.00 679124600000.00 691552600000.00 695387900000.00 34900000.00 0.00 6302400000.00 6337300000.00 2592100000.00 16290000000.00 0.00 828400000.00 26047800000.00 353200000.00 46589900000.00 24615700000.00 71558800000.00 55713500000.00 1005600000.00 9116200000.00 0.00 137394100000.00 0.00 0.00 163441900000.00 858829800000.00 1. ‘Other non-current assets’ includes ‘Right of Use Assets’ of Rs. 874.88 Crores, ‘Income Tax Assets (Net)’ of Rs. 66.16 Crores and ‘Other non-current assets’ of Rs. 1311.95 Crores. 2. ‘Other current assets’ includes ‘Biological assets other than bearer plants’ of Rs. 142.97 Crores and ‘Other current assets’ of Rs. 1561.75 Crores. 3. ‘Other non-current financial liabilities’ includes ‘Lease liabilities’ of Rs. 213.37 Crores and ‘Other financial liabilities’ of Rs. 416.87 Crores. 4. ‘Trade payables, current’ includes ‘Total outstanding dues of micro enterprises and small enterprises’ of Rs. 137.88 Crores and ‘Total outstanding dues of creditors other than micro enterprises and small enterprises’ of Rs. 4521.11 Crores. 5. ‘Other current financial liabilities’ includes ‘Lease liabilities’ of Rs. 53.86 Crores and ‘Other financial liabilities’ of Rs. 2407.71 Crores. Agri Business 36073000000.00 FMCG - Cigarettes 80822600000.00 FMCG - Others 49511700000.00 Hotels 8087200000.00 Others 8682900000.00 Paperboards, Paper & Packaging 22210100000.00 Agri Business 184433900000.00 FMCG - Cigarettes 312674600000.00 FMCG - Others 191530900000.00 Hotels 26891200000.00 Others 32627300000.00 Paperboards, Paper & Packaging 90813500000.00 205387500000.00 838971400000.00 17395700000.00 80705600000.00 187991800000.00 758265800000.00 Agri Business 3045500000.00 FMCG - Cigarettes 49156800000.00 FMCG - Others 5037300000.00 Hotels 2049000000.00 Others 1431200000.00 Paperboards, Paper & Packaging 4449800000.00 Agri Business 13802100000.00 FMCG - Cigarettes 188825900000.00 FMCG - Others 13864900000.00 Hotels 5573100000.00 Others 5346200000.00 Paperboards, Paper & Packaging 22939500000.00 65169600000.00 250351700000.00 121500000.00 432000000.00 -3281600000.00 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 (ii)]’. 3. In case of 3 months ended 31.03.2023, ‘Other Unallocable Expenditure net off Unallocable income’ includes ‘Other un-allocable (income) net of un-allocable expenditure [Note (ii)]’ of Rs. (255.29) Crores and Exceptional Items * of Rs. (72.87) Crores. * Refer note 4 to the consolidated financial results. 4. In case of 12 months ended 31.03.2023, ‘Other Unallocable Expenditure net off Unallocable income’ includes ‘Other un-allocable (income) net of un-allocable expenditure [Note (ii)]’ of Rs. (801.24) Crores and Exceptional Items * of Rs. (72.87) Crores. * Refer note 4 to the consolidated financial results. Note: 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. -8741100000.00 68329700000.00 258660800000.00 Agri Business 48366900000.00 FMCG - Cigarettes 79133600000.00 FMCG - Others 120595500000.00 Hotels 78964500000.00 Others 30904700000.00 Paperboards, Paper & Packaging 91952400000.00 449917600000.00 408912200000.00 858829800000.00 Agri Business 17506200000.00 FMCG - Cigarettes 52393400000.00 FMCG - Others 23380800000.00 Hotels 9203000000.00 Others 12100800000.00 Paperboards, Paper & Packaging 13151800000.00 127736000000.00 35705900000.00 163441900000.00 432000000.00 -9405400000.00 -8842100000.00 0.00 0.00 0.00 0.00 0.00 0.00 10579300000.00 0.00 0.00 0.00 18090100000.00 14200000.00 0.00 0.00 0.00 0.00 313700000.00 200000.00 15340000000.00 604100000.00 -3939700000.00 0.00 0.00 111100000.00 0.00 0.00 -7382900000.00 251277900000.00 0.00 0.00 0.00 62502400000.00 0.00 188775500000.00 0.00 0.00 772304000000.00 809343300000.00 560000000.00 0.00 0.00 0.00 491700000.00 27429900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 85600000.00 93400000.00 0.00 0.00 185800000.00 13237400000.00 0.00 -7336400000.00 0.00 -57322900000.00 0.00 0.00 24773900000.00 0.00 0.00 0.00 0.00 0.00 0.00 7300000.00 0.00 591100000.00 154175300000.00 414200000.00 0.00 353700000.00 -130060300000.00 1392300000.00 0.00 1392300000.00 2666800000.00 4059100000.00 Items that will not be reclassified to profit or loss -1917600000.00 Items that will not be reclassified to profit or loss 1097500000.00 -1917600000.00 1097500000.00 -138200000.00 -3800000.00 Items that will be reclassified to profit or loss 2169300000.00 Items that will be reclassified to profit or loss -410500000.00 2169300000.00 -410500000.00 112200000.00 -219400000.00