ITC Q1 PAT may jump 18% at Rs 1888 cr: KR Choksey

KR Choksey has come out with its first quarter (April-June) earnings estimates for the consumer goods sector. The brokerage house expects ITC to report a 2 percent degrowth quarter-on-quarter (growth of 18 percent year-on-year) in net profit at Rs 1888 crore.

Revenues are expected to decrease by 5 percent Q-o-Q (up 17 percent Y-o-Y) to Rs 7851 crore, according to KR Choksey. Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1 percent Q-o-Q (up 15 percent Y-o-Y) to Rs 2721 crore. KR Choksey report on ITC Increase in price led to better realisation on Y-o-Y basis. FMCG business growth will drive EBITDA margins. Net profit will increase on Y-o-Y basis due to overall improvement on operating side.