ITC Q1 PAT seen up 11.5% YoY to Rs 4,650 cr: Nirmal Bang

Nirmal Bang has come out with its first quarter (April - June’ 24) earnings estimates for the FMCG sector. The brokerage house expects ITC to report net profit at Rs 4,650 crore up 11.5% year-on-year (down 7.6% quarter-on-quarter).

Net Sales are expected to decrease by 10 percent Y-o-Y (down 5.1 percent Q-o-Q) to Rs 15,564.2 crore, according to Nirmal Bang.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.1 percent Y-o-Y (down 3.5 percent Q-o-Q) to Rs 5,992.2 crore.

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