Board recommends Rs.4.45 dividend

ITC on Friday reported a 20.38 per cent increase in its consolidated net profit at Rs.5,017.93 crore in 2010-11, while its consolidated net sales stood at Rs.22,273.66 crore, a 16.39 per cent increase year-on-year.

ITC's board has recommended a total dividend of Rs.4.45 per share for 2010-11 including a special dividend of Rs.1.65 per share on the occasion of the company's 100th annual general meeting.

Net turnover growth was primarily driven by a 23 per cent growth in the non-cigarette FMCG (fast moving consumer goods) businesses, 23 per cent growth in agri-business and 18 per cent growth in the hotels segment.

For the fourth quarter (January-March 2010-11), net turnover at Rs.5,836.26 crore registered a growth of 15 per cent driven by robust performance in hotels, non-cigarette FMCG businesses and the paperboard, paper and packaging segment.

Pre-tax profits at Rs.1,836.77 crore and post-tax profits at Rs.1,281.48 crore grew at 22 per cent and 25 per cent respectively over the same quarter last year.