Legendary FMCG company ITC Limited released the results of the third quarter on Thursday. In this, the company has declared an interim dividend of Rs 6.50 per share for the financial year ending March 31, 2025. According to the Economic Times news, the company today said in its filing to the exchanges that it will be paid to investors between March 6 to March 8. ITC Limited has decided on Wednesday, February 12, 2025 as a record date. On the quarterly results of the company, it is said that it recorded a flexible performance amidst the decrease in demand and a sharp increase in input costs.
ITC results of third quarter
ITC Ltd., a business company in diverse fields. In the third quarter of the current financial year, integrated net profit declined by 7.27 percent to Rs 5,013.16 crore. ITC said in the information given to the stock market that the company had an integrated net profit of Rs 5,406.52 crore in the same quarter of the last financial year. ITC’s operational income in the October-December quarter of FY 2024-25 increased by 9.05 percent to Rs 20,349.96 crore, which was Rs 18,660.37 crore in the last financial year.
Acquisition of Prasuma and Meetigo brands
The ITC on Thursday announced the acquisition of Prasuma and Meetigo brands, expanding its appearance in frozen, children and ready-to-kuk foods. ITC has signed decisive agreements for the acquisition of Prasuma 1, a leading player in the field of frozen, children and ready-to-kuk foods in India. It operates through Prasuma Meetigo by Prasuma and Prasuma Momo kitchen brands.
How much stake with MSPL
The ITC said in a regulatory filing that it has entered into fixed agreements for acquiring 100 percent share capital of AAFL and Meat and Spice Private Limited with a 100 percent share capital of Emple Foods with Chao Chao Foods Private Limited. Ready-to-cuk snacks and food, sauce and spices, raw and spices, raw and daily meats, local and international marinade, cheese and frozen foods and snacks under AFPL and MSPL ‘Prasumma’ and ‘Meetingo’ brand names. He is engaged in business. MSPL has about 43 percent equity stake in AFPL.
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