ITC Q1 PAT seen up 11.5% YoY to Rs. 3,142.3 cr: Reliance Securities

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Reliance Securities has come out with its first quarter (April-June’ 19) earnings estimates for the Consumer sector. The brokerage house expects ITC to report net profit at Rs. 3,142.3 crore up 11.5% year-on-year (up 19.8% quarter-on-quarter).

Net Sales are expected to increase by 7.8 percent Y-o-Y (down 4 percent Q-o-Q) to Rs. 11,377.4 crore, according to Reliance Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 9.7 percent Y-o-Y (up 0.8 percent Q-o-Q) to Rs. 4,608.5 crore.

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