ITC Q2 PAT seen up 17.3% at Rs 2153.2 cr: ICICIdirect
According to ICICIdirect.com, ITC may report a 13.8 percent growth quarter-on-quarter (up 17.3 percent Y-o-Y) in net profit at Rs 2,153.2 crore.
October 25, 2013 / 11:05 IST
ICICIdirect.com has come out with its second quarter (July-September) earnings estimates for the FMCG sector. The brokerage house expects ITC to report a 13.8 percent growth quarter-on-quarter (up 17.3 percent Y-o-Y) in net profit at Rs 2,153.2 crore.
Revenues of ITC are expected to increase by 13.4 percent Q-o-Q (up 16.5 percent Y-o-Y) to Rs 8323.9 crore, according to ICICIdirect.com.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 14 percent Q-o-Q (up 18.4 percent Y-o-Y) to Rs 3,182.4 crore.ICICIdirect.com's Report on ITC:With sustained price hikes in cigarettes (Gold Flake - 10 percent), cigarette sales growth would remain healthy at 15 percent. FMCG and agri business would post strong growth of 17 percent and 19 percent, respectively, while paperboards and hotels growth would remain grim at 10 percent and 5 percent, respectively. Savings in RM would be absorbed in higher advertisement expenses on the back of several new launches in FMCG category. Hence, margins would expand 60 bps Y-o-Y to 38.2 percent.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. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
