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Last Updated : May 25, 2012 01:16 PM IST | Source: CNBC-TV18

ITC Q4 PAT seen up 21% at Rs 1,550 cr

Cigarette major ITC's profit after tax is likely to grow 21% over a year ago period to Rs 1,550 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.

 
 
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Cigarette major ITC's profit after tax is likely to grow 21% over a year ago period to Rs 1,550 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.


Sales are seen going up by 14.2% year-on-year to Rs 6,670 crore for the January-March quarter of 2012.


EBITDA is expected to go up by 21.9% to Rs 2,180 crore from Rs 1,789.1 crore during the same period.


Operating profit margin is likely to improve at 32.7% in the quarter ended March 2012 as against 30.65% in a corresponding quarter of last fiscal.


Expecting strong results for the quarter


- Topline growth likely to be driven by improvement in realizations - due to calibrated price hikes + healthy volume growth


- Expecting sustained growth in cigarette portfolio with around 6% YoY growth in cigarette volumes (versus low base of -2.5% in Q4FY11)


- Volume growth in cigarettes to be driven by low base and higher inventory stocking prior to the Union Budget


- Estimates incorporate price hikes of around 8% YoY - taken to offset increase in excise duty structure


Performance across other segments - expected to be healthy


- FMCG and others - losses expected to decline YoY - while sales growth expected to be robust


- Paper & Packaging board segment margins expected to improve - driven by improved realizations, favourable product mix and low margins in base quarter


- Agri division is likely to report 15% growth in revenues

- Hotels division business performance expected to be muted - almost weak

First Published on May 25, 2012 09:14 am
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