ITC is expected to report net profit at Rs 2520 crore in January-March quarter up 6.7 percent from Rs 2361 crore in the corresponding quarter last fiscal. According to a CNBC-TV18 poll, the FMCG major's revenue may climb 5 percent at Rs 9770 crore against Rs 9293 crore in year-ago period.
During the period, its EBITDA is seen up 8.7 percent at Rs 3527 crore versus Rs 3244 crore while EBITDA margin may stand at 36.1 percent versus 34.9 percent year-on-year.
According to Motilal Oswal estimates, cigarette volume decline to moderate by 1-6 percent on annual basis. Some analysts are expecting flat to marginally positive volumes. If volumes manage to register growth, it will be after 11 straight quarters. Price hikes were seen in Classic and Goldflake.
Analysts expect sequential improvement in FMCG segment. FMCG and others see could see growth of 8-10 percent (Y-o-Y). Sunfeast products may face pressure from competitors (Patanjali, Nestle). ITC may also see raw material benefits from lower commodity costs and scale benefits.
In the quarter, hotel business may see some benefits of extended holiday winter. Paper business is likely to see growth of 8 percent due to better show in volumes from FMCG sector. Agriculture business may show more robust 15 percent growth in low base.
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