ITC dividend: FMCG giant declares second dividend of ₹6.50 for FY25; Record date fixed on THIS day | Stock Market News

ITC dividend: ITC announced its October-December quarter results for fiscal 2024-25 (Q3FY25) on Thursday, February 6, and declared its second dividend for the fiscal. The tobacco-to-hotels conglomerate fixed an interim dividend of ₹6.50 per share of Re 1 each for FY25, and the record date for determining members entitled to the dividend is fixed on February 12, 2025. 

“The ITC board declared an interim dividend of ₹6.50 per ordinary share of Re 1/- each for the financial year ending on March 31, 2025; such dividend will be paid between Thursday, March 6, 2025, and Saturday, March 8, 2025, to those members of the company entitled thereto.

(ii) Fixed Wednesday, February 12, 2025, as the record date to determine Members’ entitlement for such Interim Dividend,” said the fast-moving consumer goods (FMCG) leader in a regulatory filing to the stock exchanges on Thursday.

Also Read: ITC share price: Should you buy, sell, or hold the FMCG giant’s stock after Q3 results? Explained

ITC dividend history

According to Trendlyne data, ITC has declared 29 dividends since July 3, 2001. In the past 12 months, the FMCG giant has declared an equity dividend of ₹13.75 per share. At the current share price of ₹441.1000, ITC’s dividend yield is 3.12 per cent. ITC’s first dividend for FY25 was ₹7.50 per equity share, with a record date of June 4, 2024. That was a final dividend, while the current dividend announced is ITC’s first ‘interim dividend’ for FY25.

ITC Q3 Results

The diversified entity reported a 7.27 per cent decline in consolidated net profit to ₹5,013.16 crore for the December quarter due to subdued demand and a sharp escalation in input costs. It had posted a net profit of ₹5,406.52 crore in the year-ago period. Revenue from operations was up 9.05 per cent to ₹20,349.96 crore in the third quarter of FY25, compared to ₹18,660.37 crore in the corresponding quarter of the previous fiscal year.

ITC had a “resilient performance amidst a subdued demand environment & sharp escalation in input costs”. The Kolkata-headquartered company added that key input materials such as edible oil, wheat, potato, leaf tobacco, wood, and packaging witnessed a sharp cost escalation during the quarter.

Also Read: ITC Q2 Results: Net profit rises 3% to ₹5,078 crore, revenue up 17% YoY; 5 key highlights

In the December quarter, revenue from the gross sale of ITC products and services was ₹20,140.15 crore, up 8.74 per cent. ITC’s total expenses were 12.18 per cent higher during the quarter, to ₹14,413.66 crore. Total income, which includes other income, rose 8.47 per cent to ₹20,945.82 crore. It was ₹19,308.85 crore a year ago.

ITC’s revenue from the ‘total FMCG’ segment, including the cigarettes business, was up 6.35 per cent to ₹14,372.53 crore. It was ₹13,513.43 crore in the corresponding September quarter. Revenue from the cigarette business was up 7.83 per cent to ₹8,944.83 crore during the December quarter of FY25, compared to ₹8,295.18 crore in the year-ago period.

ITC announced that it has signed definitive agreements to acquire Prasuma, a frozen and ready-to-cook foods brand. ITC will acquire a 100 per cent stake in the Gurugram-headquartered momo-maker over a three-year period.

“Strategic portfolio and market interventions, with focus on competitive belts and to counter illicit trade, drive volume-led growth and reinforce market standing,” ITC said, adding that it partially mitigated cost escalation in leaf tobacco “through product-mix enrichment”.

ITC’s revenue from the FMCG-others segment was up four per cent to ₹5,427.7 crore during the quarter under review. The growth in the segment was driven by atta, spices, snacks, frozen snacks, dairy, premium personal wash, homecare and agarbatti. The notebooks business was impacted by the high-base effect and a sharp drop in paper prices. 

Follow Live Updates: ITC Q3 Results 2025: Net profit falls 7% to ₹4,935 crore, interim dividend of ₹6.5 per share declared

ITC’s agri business was up 10.77 per cent to ₹3,626.01 crore in the quarter, led by leaf tobacco and value-added agri products such as coffee, spices, etc. Revenue from the “paperboards, paper and packaging” segment was ₹2,144.86 crore, up 3.07 per cent. ITC remains impacted by low-priced Chinese and Indonesian supplies in global markets, including India, soft domestic demand conditions, and an unprecedented surge in wood prices.

“Subdued realisation and surge in domestic wood prices continue to weigh on margins,” ITC said, adding that it continues to mitigate the near-term challenges in the segment through a sharp focus on portfolio augmentation, export customer/market development and structural cost management interventions.

Revenue from other segments, including information technology services, branded residences, etc., was up 14.25 per cent to ₹1,121.33 crore, as against ₹981.4 crore a year earlier. ITC demerged its hotel business into a separate entity, ITC Hotels Ltd. Updating the performance of the demerged business, ITC said it also had its “best-ever quarterly performance”, with revenue growing 14.6 per cent to ₹922 crore.