<p>ITC Ltd on Wednesday reported an 11.60% rise in its consolidated net profit to Rs 4,259.68 crore for the fourth quarter ended in March 2022 (Q4FY22).</p>.<p>The company had posted a net profit of Rs 3,816.84 crore during the January-March quarter of the previous fiscal, ITC said in a regulatory filing. Analysts at Edelweiss had expected the profit after tax to come in at Rs 4,197 crore for Q4FY22.</p>.<p>Its revenue from operations was up 15.25% to Rs 17,754.02 crore during the quarter under review, as against Rs 15,404.37 crore in the corresponding period of the previous fiscal. </p>.<p>Akshay D’Souza, Chief of Growth & Insights at Bizom believes that maker of Aashirvaad Atta and salt continues to fire growth in the FMCG sector driven by “levers of expanded direct distribution reach and a flurry of new product launches (110 in FY22) despite strong downtrading seen in discretionary and a hygiene portfolio highly dependent on Covid cases”.</p>.<p>ITC total expenses were at Rs 12,632.29 crore, up 15.41% in Q4/FY 2021-22, as against Rs 10,944.64 crore in the year-ago period. India’s largest cigarette-maker said its revenue from the segment rose 10% to Rs 7,177 crore during the fourth quarter. The company has had partially raised prices on its dairy products to put a lid on diminishing margins.</p>.<p>D’Souza says that ITC is also trying to build a B2B channel in “Unnati” that has now reached a reasonable scale of 3 lakh outlets. “This is a positive sign for being future ready as the industry is seeing direct retailer ordering channels becoming even more prevalent across many large companies thus supplementing the field sales capabilities”.</p>.<p>The company had rolled out its B2B app ‘Unnati’ earlier this year, to further bolster its retailer engagement capabilities.</p>.<p><em>(With PTI inputs)</em></p>
<p>ITC Ltd on Wednesday reported an 11.60% rise in its consolidated net profit to Rs 4,259.68 crore for the fourth quarter ended in March 2022 (Q4FY22).</p>.<p>The company had posted a net profit of Rs 3,816.84 crore during the January-March quarter of the previous fiscal, ITC said in a regulatory filing. Analysts at Edelweiss had expected the profit after tax to come in at Rs 4,197 crore for Q4FY22.</p>.<p>Its revenue from operations was up 15.25% to Rs 17,754.02 crore during the quarter under review, as against Rs 15,404.37 crore in the corresponding period of the previous fiscal. </p>.<p>Akshay D’Souza, Chief of Growth & Insights at Bizom believes that maker of Aashirvaad Atta and salt continues to fire growth in the FMCG sector driven by “levers of expanded direct distribution reach and a flurry of new product launches (110 in FY22) despite strong downtrading seen in discretionary and a hygiene portfolio highly dependent on Covid cases”.</p>.<p>ITC total expenses were at Rs 12,632.29 crore, up 15.41% in Q4/FY 2021-22, as against Rs 10,944.64 crore in the year-ago period. India’s largest cigarette-maker said its revenue from the segment rose 10% to Rs 7,177 crore during the fourth quarter. The company has had partially raised prices on its dairy products to put a lid on diminishing margins.</p>.<p>D’Souza says that ITC is also trying to build a B2B channel in “Unnati” that has now reached a reasonable scale of 3 lakh outlets. “This is a positive sign for being future ready as the industry is seeing direct retailer ordering channels becoming even more prevalent across many large companies thus supplementing the field sales capabilities”.</p>.<p>The company had rolled out its B2B app ‘Unnati’ earlier this year, to further bolster its retailer engagement capabilities.</p>.<p><em>(With PTI inputs)</em></p>