ITC declares 6.64 lakh shares to employees as ESOPs

In an exchange filing, the company disclosed the issuance and allotment of 6,64,000 ordinary shares of ₹1 each. This allotment was made following the exercise of 66,400 options by eligible employees under the company's ESOP. The committee overseeing this process convened and concluded the meeting at 7:05 p.m. on the same day, marking the completion of this allotment phase.

The increase in the ESOPs has led to an increase in ITC's issued and subscribed share capital. Post-allotment, the share capital stands at ₹1,251,41,19,781, divided into 1,251,41,19,781 ordinary shares of ₹1 each.

Shares of ITC closed 1.03% lower at ₹407.80 apiece on the NSE.

ITC reported a 7.27% decline in consolidated net profit to ₹5,013.16 crore for the December quarter. The company had posted a consolidated net profit of ₹5,406.52 crore in the year-ago period.

However, the company’s revenue from operations increased 9.05% to ₹20,349.96 crore during the reporting quarter as compared to ₹18,660.37 crore in the corresponding quarter of the previous fiscal year.

The company's revenue from gross sale of products and services was ₹20,140.15 crore, up 8.74%, in Q3FY25.

During the quarter, ITC's revenue from the 'total FMCG' segment, which also includes the cigarettes business, was up 6.35% 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% to ₹8,944.83 crore during the quarter of this fiscal year. It was ₹8,295.18 crore in the corresponding quarter of the previous fiscal year.

ITC had also declared an interim dividend of ₹6.50 per share of ₹1 each for 2024-25.