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Last Updated : Oct 24, 2011 05:18 PM IST | Source: Moneycontrol.com

ITC Q2 sales seen up by 17.5% to Rs 5,945 cr

Cigarette major ITC is expected to report a profit after tax of Rs 1,470 crore for the second quarter of FY12, a growth of 17.9% as compared to Rs 1,246.7 crore in the corresponding quarter of last fiscal.


By Gautam Broker, CNBC-TV18


Cigarette major ITC is expected to report a profit after tax of Rs 1,470 crore for the second quarter of FY12, a growth of 17.9% as compared to Rs 1,246.7 crore in the corresponding quarter of last fiscal.


Sales are seen going up by 17.5% to Rs 5,945 crore from Rs 5,061.2 crore year-on-year. Operating profit margin is likely to be at 35.4% in the July-September quarter of FY12 as against 35.35% in same quarter the previous year and 32.66% in previous quarter.


On quarter-on-quarter basis, sales are expected to go up by 3.1% and PAT is likely to jump 10.3%.


Tobacco Division


* Cigarette volume growth and margins in focus


* ITC has taken a 10% hike in key brands in Q2 


* Price hikes mainly to counter higher VAT rates

* Q2 will show if there

First Published on Oct 24, 2011 12:07 pm
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