ITC share value dips forward of buying and selling ex-date for ₹6.50 per share interim dividend

FMCG conglomerate ITC share value plunged over 1 per cent on Tuesday’s buying and selling session because the report date – February 12- for dividend approaches. At 12:10 pm, the ITC inventory was buying and selling at ₹422.75 per share on February 11.

After its demerger from ITC Motels, the corporate has declared its first interim dividend of ₹6.50 per share for FY2025, following the announcement of its Q3 outcomes.

“Declared Interim Dividend of ₹6.50 per Bizarre Share of Re 1 every for the monetary yr ending on thirty first March, 2025,” the corporate mentioned in an change submitting on February 6.

The corporate additional knowledgeable, “Fastened Wednesday, twelfth February, 2025 because the Report Date for the aim of figuring out entitlement of the Members for such Interim Dividend. Dividend might be paid between Thursday, sixth March, 2025 and Saturday, eighth March, 2025 to these Members of the Firm entitled thereto.”

Traders should personal ITC shares by the report date of February 12, 2025, to be eligible for the dividend.

The dividend might be distributed between March 6 and March 8, 2025, with the quantity being immediately deposited into the financial institution accounts of eligible shareholders related to their Demat accounts.

Earlier than the demerger, the conglomerate declared two dividends in 2024— ₹7.50 in June and ₹6.25 in February. As compared, the corporate distributed ₹15.50 per share in 2023 and ₹11.50 per share in 2022.

ITC Q3 FY25 outcomes highlights

In Q3 FY2025, ITC recorded a 7.27 per cent decline in its consolidated web revenue, which stood at ₹5,013.16 crore for the December quarter, in comparison with ₹5,406.52 crore in the identical interval final yr.

The decline was primarily resulting from subdued demand and a major improve in enter prices.

Nonetheless, the corporate’s income from operations noticed a 9.05 per cent rise, reaching ₹20,349.96 crore within the December quarter, up from ₹18,660.37 crore within the corresponding interval of the earlier yr.

Brokerage agency Centrum Broking has retained its ‘purchase’ ranking with a goal value of ₹515. “We consider with steady taxation, the authorized trade has been in a position to recoup volumes from unlawful cigarettes, whereas anticipate value hikes in subsequent 3-6 months by wanting greater rm stress. We anticipate, Cigarette phase would proceed to develop mid to excessive single digit with steady margin whereas FMCG is predicted to develop excessive single digit with ~11.5-12.5% EBITDA margin. We consider long run development technique intact for ITC coupled with capital effectivity and visual rural restoration to carry working efficiency. We tweaked our earnings for FY25E/FY26E 2.9%/7.5% and retain BUY, with a revised DCF-based TP of Rs515 (implying 28.7x FY27E EPS). Threat: greater inflation and native competitors,” the brokerage agency mentioned.

Prior to now 5 days, the ITC inventory has fallen by roughly 6 per cent, whereas during the last month, it has declined by 3 per cent. Over six months, it has dropped practically 13 per cent, however on a yearly scale, ITC has given a constructive return of over 4 per cent.