Dolat Capital has come out with its first quarter (April-June) earnings estimates for the consumer goods sector. The brokerage house expects ITC to report a 0.7 percent degrowth quarter-on-quarter (growth of 21.2 percent year-on-year) in net profit at Rs 1942 crore.
Revenues are expected to decrease by 3.7 percent Q-o-Q (up 18.4 percent Y-o-Y) to Rs 7950 crore, according to Dolat Capital.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.6 percent Q-o-Q (up 19.5 percent Y-o-Y) to Rs 2830 crore.
Dolat Capital report on ITC
We expect ITC cigarettee business to post a 1 percent decline in volumes.
Ciagrette business will drive over all improvement in operating performance.
EBITDA margins will expand by 32bps Y-o-Y to 35.6 percent.
We estimate PAT to increase by 21 percent Y-o-Y.
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