Net Sales are expected to increase by 6.5 percent Y-o-Y (up 4.3 percent Q-o-Q) to Rs. 11,784.2 crore, according to Kotak.
Net Sales are expected to increase by 6.6 percent Y-o-Y (up 2.6 percent Q-o-Q) to Rs. 11,797 crore, according to ICICI Direct.
Morgan Stanley estimates ITC to deliver 19 percent FY20 earnings growth, while it sees FY20 & FY21 cigarette volume growth at 3 percent and 5 percent, respectively.
A three-bench SAT led by presiding officer Tarun Agarwala and CKG Nair and MT Joshi in a 44-page order posted on its website dismissed the main contention that "the transaction is related-party in nature".
Any company paying 33% tax rate will see its earnings go up by 12%. Overall, Nifty earnings going up by ~5-6% in FY20.
Investors in cigarette stocks are celebrating the ban on e-cigarettes but they may be jumping the gun
The decision not to sell a stake in Coffee Day Global follows talks with potential suitors including ITC and Coca-Cola.To pare debt, the promoters are also exploring the possibility of inducting an investor in Coffee Day Enterprises
In line with other industry players, ITC has witnessed growth in their premium health and wellness products segment, but the lower-end was impacted due to a slowdown.
The company, which sells stationery primarily through its Rs 1,500-crore Classmate brand, is focussing on innovation of new products to push sales and tide over the current slowdown and overcome challenges during the off-season period from July to October.
ITC has been approached to bid for Café Coffee Day. Diversification is ITC’s forte and it also knows a bit about the business, but the café business is not an easy one to crack
Risk-reward ratio is turning for the better on the back of a stable taxation regime for cigarettes and an improving business mix
Sharekhan is bullish on ITC has recommended buy rating on the stock with a target price of Rs 325 in its research report dated August 05, 2019.
ICICI Direct is bullish on ITC has recommended buy rating on the stock with a target price of Rs 315 in its research report dated August 05, 2019.
Prabhudas Lilladher is bullish on ITC has recommended buy rating on the stock with a target price of Rs 367 in its research report dated August 02, 2019.
HDFC Securities is bullish on ITC has recommended buy rating on the stock with a target price of Rs 362 in its research report dated August 05, 2019.
Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, with 0.04 percent gain or 4 points. Nifty futures were trading around 10,869-level on the Singaporean Exchange.
Dolat Capital is bullish on ITC has recommended buy rating on the stock with a target price of Rs 320 in its research report dated August 02, 2019.
ITC’s sales growth may have been unimpressive but margins in cigarettes have improved and barring punitive taxes or policy actions it could sustain
HSBC said Q1 cigarette volume growth was slightly below its expectations. While valuation undemanding, taxation path remains a key risk, it added.
Profit increased to Rs 3,173.94 crore in quarter ended June 2019, from Rs 2,818.68 crore in year-ago period.
Cigarette volume growth could be around 5-6 percent in Q1FY20 on lower base of 1.5 percent growth in the year-ago. The volume growth in March quarter was 7.5 percent.
Net Sales are expected to increase by 7.8 percent Y-o-Y (down 4 percent Q-o-Q) to Rs. 11,377.4 crore, according to Reliance Securities.