ITC Q1 PAT seen up 2.8% YoY to Rs. 2,632 cr: KR Choksey

KR Choksey 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. 2,632 crore up 2.8% year-on-year (down 10.3% quarter-on-quarter).

Net Sales are expected to increase by 5.6 percent Y-o-Y (down 0.7 percent Q-o-Q) to Rs. 10,512.1 crore, according to KR Choksey.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.3 percent Y-o-Y (down 4.8 percent Q-o-Q) to Rs. 3,943.1 crore.

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