ITC vs Britannia: Which FMCG Giant Delivered Highest Profit in Q4 FY25?

India’s consumer goods giants, ITC Ltd and Britannia Industries, have released their financials for the March quarter of FY25. Both companies posted growth in revenue, but their profitability narratives showcase contrasting pictures—one shaped by a transformational corporate action, and the other by consistent business expansion.

Let’s take a closer look at how these two stalwarts of the FMCG sector stacked up against each other this quarter.

ITC vs Britannia (Q4 FY25)

ITC Ltd

ITC reported a consolidated net profit of ₹19,807 crore for Q4 FY25, which includes a one-time exceptional gain of ₹15,145 crore due to the demerger of its Hotels Business. Adjusted for this, the core net profit stood at ₹4,662 crore, a decline from ₹5,190 crore in the same period last year.

Despite the dip in net profit, revenues saw a healthy 10% rise, reaching ₹20,376 crore, beating analysts’ expectations. However, EBITDA margins narrowed to 33.5% from 35.8%, reflecting higher operational costs.

ITC Segment Highlights

• Cigarettes revenue rose to ₹9,229 crore (up from ₹8,689 crore).
• FMCG - Others increased modestly to ₹5,503 crore.
• Agri business saw a sharp uptick to ₹3,695 crore.
• Paper and Packaging grew to ₹2,189 crore.

ITC also declared a final dividend of ₹7.85 per share, to be paid after its AGM on July 25, 2025.

Britannia Industries

Britannia posted a more modest but stable performance for Q4 FY25. The company clocked sales of ₹4,376 crore, a 9% year-on-year growth, and net profit of ₹559 crore, up 4% from the previous year.

For the full fiscal year, Britannia reported:

• Revenue of ₹17,535 crore (up 6% YoY)
• Net profit of ₹2,178 crore (up 2% YoY)

The board proposed a whopping ₹75 per share dividend, continuing Britannia’s trend of rewarding shareholders generously.

Also Read: Check Full Details of ITC Q4FY25 Earnings.

Conclusion

ITC’s quarter was dominated by structural changes that impacted its reported numbers, whereas Britannia showcased steady operational growth with controlled costs and solid shareholder returns.

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