Financials
ITC records Q4 net profit of Rs 3,817 cr
New Delhi: ITC Ltd on Tuesday reported a consolidated net profit of Rs 3,816.84 crore for the fourth quarter ended March 2021.
The cigarette-FMCG-to-hotel major had posted a net profit of Rs 3,926.46 crore during the January-March quarter of the previous fiscal, according to the regulatory filing. The revenue from operations rose to Rs 15,404.37 crore during the quarter under review. It was Rs 12,560.64 crore in the corresponding period of 2019-20.
However, ITC said its results for this quarter are not comparable with the earlier period as it also includes the revenue of Sunrise Foods, which it had acquired on 27 July last year. “The financial results of the group and ‘FMCG Others’ of the quarter and the financial year ended on 31 March 2021 include those of Sunrise from 27 July 2020 and consequently are not comparable with previous periods,” it said in the filing.
The total expenses of ITC stood at Rs 10,944.64 crore in Q4 FY 2020-21.
The sale of cigarettes recorded significant improvement during the quarter under review, while the ITC hotel business was severely impacted by the pandemic. Revenue from its cigarette business rose nearly 14.2 per cent to ₹5,859 crore for March quarter, compared with ₹5,130 crore in the corresponding period. On the other hand, the revenue from the hotel business reported a 38 per cent year-on-year decline to ₹287.77 crore in Q4FY21. Revenue of the remaining FMCG business fell 1.5 per cent to Rs 3,694.8 crore.
For the full fiscal year 2020-21, ITC’s net profit was at Rs 13,389.80 crore, with a net profit of Rs 15,584.56 crore in FY20. Revenue from operations came in at Rs 53,155.12 crore, compared to Rs 51,393.47 crore in 2019-20.
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
