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Last Updated : Jan 20, 2012 05:51 PM IST | Source: Moneycontrol.com

ITC Q3 PAT seen up 17.3% at Rs 1630 cr

ITC, the biggest cigarette manufacturer in India, is expected to report a profit after tax of Rs 1,630 crore in the third quarter of FY12, a growth of 17.3% as compared to Rs 1,389.1 crore in a year ago quarter.


ITC, the biggest cigarette manufacturer in India, is expected to report a profit after tax of Rs 1,630 crore in the third quarter of FY12, a growth of 17.3% as compared to Rs 1,389.1 crore in a year ago quarter.


Sales are seen going up by 14.2% to Rs 6,230 crore from Rs 5,453.3 crore year-on-year. Operating profit margin (OPM) too is likely to be improved at 36.9% versus 36.11%
during the same period.


On quarter-on-quarter basis, company's sales growth may be 4.3% and profit after tax is likely to grow 7.6%.


Expectations 


* Cigarette volume growth momentum expected to sustain


* Expect 6-7% volume growth after a strong 8% last quarter


* Price hikes taken in Q2 will continue to drive margins YoY


* Market expecting a 100bps improvement in EBIT margins


* Non Tobacco FMCG sales expected to be up over 20%


* Losses on non tobacco FMCG to be down over 15% YoY


* Hotels to be the only drag on overall margins


* Paper boards and agriculture business seen largely stable


ITC: All eyes on Budget


* ITC hiked prices again at December end in preparation of the budget

* Prices of flag ship brand

First Published on Jan 20, 2012 11:01 am
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