ITC Q1 PAT seen up 11.3% YoY to Rs. 2,850 cr: HDFC

HDFC has come out with its first quarter (April-June’ 18) earnings estimates for the FMCG sector. The brokerage house expects ITC to report net profit at Rs. 2,850 crore up 11.3% year-on-year (down 2.9% quarter-on-quarter).

Net Sales are expected to increase by 8.2 percent Y-o-Y (down 0.4 percent Q-o-Q) to Rs. 10,770 crore, according to HDFC.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 11.3 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 4,170 crore.

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