“Revenues from the tobacco business are anticipated to increase by 13% YoY, helped by volume growth of 9% to 10%, while FMCG sales outside of the cigarette industry are anticipated to increase by 16% YoY. The hotel industry is anticipated to expand 30% YoY thanks to persistently high demand. While the agribusiness is probably going to have a 25% YoY drop, the paper business is predicted to rise by 15% YoY.
Kotak Institutional Equities reports a profit increase of 14.9% YoY to Rs 4,791.80 crore on a growth in sales of 4.6% YoY to Rs 18,087.10 crore. Ebitda margin is expected to increase
Despite mediocre sales growth, ITC is anticipated to record a double-digit profit gain. The hotel industry is expected to increase rapidly, while the agricultural sector might experience a drop on a large base due to the ongoing wheat export embargo. However, improved sales mix and declining raw material costs may help profitability. All eyes would be on future hotel industry criticism and any corporate IT business activity.
According to Sharekhan, ITC would record a net profit increase of 11.3% YoY to Rs 4,640 crore from Rs 4,169 crore in the same quarter last year. Sales are expected to increase by 2.5% YoY to Rs 17,729 crore from Rs 17,290 crore in the same quarter last year. operating margin is
Despite mediocre sales growth, ITC is anticipated to record a double-digit profit gain. The hotel industry is expected to increase rapidly, while the agricultural sector might experience a drop on a large base due to the ongoing wheat export embargo. However, improved sales mix and declining raw material costs may help profitability. All eyes would be on future hotel industry criticism and any corporate IT business activity.
According to Sharekhan, ITC would record a net profit increase of 11.3% YoY to Rs 4,640 crore from Rs 4,169 crore in the same quarter last year. Sales are expected to increase by 2.5% YoY to Rs 17,729 crore from Rs 17,290 crore in the same quarter last year. operating margin is
“We estimate 9.3 per cent YoY growth in cigarette volumes, translating into 12 per cent YoY growth in cigarette sales. Our estimate imply fairly steady growth (4-year CAGR) trends in cigarette volumes. We expect cigarette EBIT margin to contract by 50 bps QoQ (flat YoY) owing to some inflation in tobacco prices. In the FMCG segment, we estimate 13 per cent YoY revenue growth and 140 bps QoQ contraction in EBIT margin to 8.5 per cent. We expect 15 per cent growth in hotels (EBIT margin of 21 per cent). Agri business is expected to decline by 23 per cent YoY (on a high base and continued impact of ban on wheat exports) while paperboards could be flat YoY (muted demand and price correction),” it said.
Phillip Capital, in fact, sees sales for ITC falling 3 per cent YoY to Rs 16,624.50 crore. It sees profit at Rs 4,712 crore, up 13 per cent YoY