Financial Results for the Quarter and Year ended 31st March, 2019

                                                                                                            Highlights

Gross Revenue and Profit before Tax for the quarter up 12.7% and 14.3% respectively driven by Paperboards, Paper and Packaging, Hotels and FMCG-Others
 

Post-tax profit (before exceptional items) for the year up 13.8% to over 12000 crores; highest growth in 4 years
   

Board recommends Dividend of Rs. 5.75 per share for FY19

Financial year ended 31st March, 2019 :

FMCG-Others Segment Revenue up 12%, on a comparable basis and excluding the Lifestyle Retailing Business, with most major categories enhancing their market standing.

Robust growth in Segment EBITDA (up 51% to 688 cr.) driven by enhanced scale, product mix enrichment and cost management initiatives, notwithstanding increase in input costs, sustained investments in brand building, gestation costs of new categories and start-up costs of new facilities
     

Robust growth of 17.5% and 27.1% in Hotels Segment Revenue and Segment Results respectively, driven by improvement in RevPar and addition of two world-class properties to the portfolio.
 

Trading opportunities in Wheat, Coffee, Oilseeds and Spices along with enhanced focus on value-added portfolio drive Agri Business Revenue growth. Subdued demand for leaf tobacco in international markets, leaf cost escalation pertaining to Andhra 2017 crop weighed on Segment results.

Paperboards, Paper & Packaging Segment Profit up 19% driven by product mix enrichment, higher realisation, strategic investments in imported pulp substitution, process innovation and a cost-competitive fibre chain.

Legal cigarette industry remains under severe pressure due to the cumulative impact of increase in tax incidence over the last five years. Stability in taxes during the year provided some relief to the legal cigarette industry.

Quarter ended 31st March, 2019 :

Robust growth in Gross Revenue driven by trading opportunities in Oilseeds, Wheat & Coffee in Agri Business, higher volumes and improved realisation in Paperboards and improvement in RevPar in Hotels.

FMCG-Others Segment EBITDA up 31% to 228 cr. driven by enhanced scale and product mix enrichment.

Segment Revenue up 10% excluding impact of restructuring of Lifestyle Retailing Business and pipeline calibration in Education & Stationery Products Business

Overall performance impacted by slowdown in consumption space due to tight liquidity conditions and sluggish demand especially in rural markets

During the quarter, the Company divested the 'John Players' trademark/copyright and its variants in the apparel category along with related goodwill.