ITC Q1 PAT seen up 11.6% to Rs 2529.1 cr: Axis Securities

Axis Securities has come out with its first quarter (April-June) earnings estimates for the India Consumer sector. The brokerage house expects ITC to report a growth of 11.6 percent year-on-year in net profit at Rs 2529.1 crore.

Net Sales are expected to up 10 percent Y-o-Y to Rs 9357 crore, according to Axis Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to up 10.4 percent Y-o-Y to Rs 3739.0 crore.On the low base of last year (7.2 percent net sales decline in Q1FY16), topline to register 10 percent growth in Q1FY17. Cigarette volumes to post steady improvement to 3-5 percent (1 percent volume growth in Q4FY16). Cigarette EBIT to grow 12 percent Y-o-Y (considering no IND AS impact).Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.