ITC (LUX:ITC) Gross Profit : $5,083 Mil (TTM As of Dec. 2023)

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What is ITC Gross Profit?

ITC's gross profit for the three months ended in Dec. 2023 was $1,301 Mil. ITC's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $5,083 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. ITC's gross profit for the three months ended in Dec. 2023 was $1,301 Mil. ITC's Revenue for the three months ended in Dec. 2023 was $2,147 Mil. Therefore, ITC's Gross Margin % for the quarter that ended in Dec. 2023 was 60.60%.

ITC had a gross margin of 60.60% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of ITC was 64.38%. The lowest was 55.48%. And the median was 61.46%.

Warning Sign:

ITC Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.4%.

ITC Gross Profit Historical Data

The historical data trend for ITC's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ITC Gross Profit Chart

ITC Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Profit

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4,334.08

4,201.46

3,920.33

4,375.26

4,957.63

ITC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															1,296.18	1,233.85	1,274.98	1,272.82	1,300.94

Competitive Comparison of ITC's Gross Profit

For the Tobacco subindustry, ITC's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ITC's Gross Profit Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, ITC's Gross Profit distribution charts can be found below:

* The bar in red indicates where ITC's Gross Profit falls into.

ITC Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

ITC's Gross Profit for the fiscal year that ended in Mar. 2023 is calculated as

Gross Profit (A: Mar. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	8538.739	-	3581.107
	=	4,958

ITC's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	2146.769	-	845.827
	=	1,301

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,083 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

ITC's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	1,301	/	2146.769
	=	60.60 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

ITC (LUX:ITC) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

ITC had a gross margin of 60.60% for the quarter that ended in Dec. 2023 => Durable competitive advantage

ITC Gross Profit Related Terms

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ITC (LUX:ITC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » ITC Ltd (LUX:ITC) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

ITC:India 500875:India

Address

37 Jawaharlal Nehru Road, Virginia House, Kolkata, WB, IND, 700 071

Website

https://www.itcportal.com

ITC Ltd is an Indian conglomerate that primarily operates in the consumer goods space, particularly cigarettes. The company operates in four main business segments: Fast Moving Consumer Goods; Hotels; Paperboards, Paper, and Packaging; and Agri-Business. Roughly three-quarters of the company's total revenue comes from the Fast Moving Consumer Goods Business, which is dominated by cigarettes but also includes branded packaged foods, personal care products, and other categories. The company generates the vast majority of its revenue in India.