Connect with us

Hi, what are you looking for?


ITC may report 7% YoY rise in Q3 PAT

NEW DELHI: FMCG major ITC is likely to report single-digit r..

NEW DELHI: FMCG major ITC is likely to report single-digit rise in bottomline growth for the quarter ended December 31, 2017.

However, with the steep hike in the goods and services tax (GST) rates on cigarettes, the company would continue to report dip in volume growth during the quarter. The company will announce its quarterly numbers on Friday.

Its FMCG segment is likely to report double-digit growth in revenues with base quarter impacted by demonetisation.

Brokerage firm sees 6.8 per cent year-on-year rise in net profit of ITC at Rs 2,827.90 crore during the quarter under reivew, while revenue figures can jump 14.70 per cent YoY to Rs 10,495.80 crore. EBITDA may increased by 2.9 per cent YoY to Rs 3,650 crore in Q3FY18.

Motilal Oswal Financial Services sees flattish YoY growth in cigarette EBIT, while other FMCG to post revenue growth of around 11 per cent YoY. "We estimate PAT growth of 6.9 per cent YoY to Rs 2,830 crore for ITC," the brokerage firm said in a report.

In the upcoming quarterly numbers of ITC, investors should watch trends in cigarette volume as well as demand for FMCG categories and segmental profitability.

Original Article


ET Markets



In an interview with ET Now, Dabur India Director Mohit Burm..


The 147th Open championship will be at Carnoustie Golf Club in Scotland. Jan Kruger/R&A Golfers ..


Enlarge Oliver Morris/Getty Images) In response to an Ars re..


Enlarge/ You wouldn't really want to use Nvidia's ..