ITC Q1 PAT seen up 33.4% YoY to Rs 3,125 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the FMCG sector. The brokerage house expects ITC to report net profit at Rs 3,125 crore up 33.4% year-on-year (down 3.3% quarter-on-quarter).

Net Sales are expected to increase by 29.3 percent Y-o-Y (up 2.6 percent Q-o-Q) to Rs 12,284.9 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 45.8 percent Y-o-Y (down 5 percent Q-o-Q) to Rs 3,858.3 crore.

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