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Net Sales are expected to increase by 2 percent Y-o-Y (down 3.7 percent Q-o-Q) to Rs 19,022.1 crore, according to Prabhudas Lilladher.
Brokerages remain bullish on ITC despite margin pressures, citing strong cigarette volume growth and improving FMCG performance.
According to a Moneycontrol poll of eight brokerages, ITC will report a net profit of Rs 5,000 crore in the June quarter, higher by one percent YoY.
Going ahead, ITC expects consumption expenditure is expected to pick up progressively led by continued recovery in rural demand backed by a good monsoon.
ITC may post revenue of Rs 17,371 crore, up 4.8 percent YoY compared to Rs 16,579 crore in the same quarter last year, according to a Moneycontrol poll.
ITC's cigarette business' volumes grew by six percent, coming as a surprise to most brokerages, who pencilled in estimates of 4-4.5 percent growth.
According to a Moneycontrol poll, ITC is likely to report revenue of Rs 18,366 crore for the quarter ended December.
According to a Moneycontrol poll of eight brokerages, ITC is likely to report revenue of Rs 17,986 crore in September quarter
For the three months ended June, ITC is likely to report revenue at Rs 17,171 crore, rising 8.5 percent on-year.
The September quarter results of HUL, ITC, Nestle India and Colgate have thrown up some near-term headwinds, including increased competition and lower-than-expected consumption growth in some pockets, for the FMCG sector
The company's FMCG business is expected to report YoY growth of 12 percent, and the hotel segment 12.5 percent
FMCG companies had largely reported double-digit revenue growth in the same quarter last fiscal due to the price hikes taken on back of raw material inflation
Net Sales are expected to decrease by 10 percent Y-o-Y (down 5.1 percent Q-o-Q) to Rs 15,564.2 crore, according to Nirmal Bang.