ITC Q2 PAT seen up 12% YoY to Rs. 2,960 cr: HDFC Securities

HDFC Securities has come out with its second quarter (July-September’ 18) earnings estimates for the FMCG sector. The brokerage house expects ITC to report net profit at Rs. 2,960 crore up 12% year-on-year (up 4.9% quarter-on-quarter).

Net Sales are expected to increase by 10.3 percent Y-o-Y (down 0.9 percent Q-o-Q) to Rs. 10,770 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 11.6 percent Y-o-Y (down 0.1 percent Q-o-Q) to Rs. 4,200 crore.

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