ITC This autumn preview: PAT prone to rise 16% YoY, demerger replace and commentary on development outlook eyed

ITC Q4FY23 Preview: ITC, the cigarette-to-hotel conglomerate, is slated to launch its March quarter outcomes (Q4FY23) on Might 18, Thursday. Based on Zee Enterprise Analysis, the corporate will report a standalone income of Rs 16,361 crore, up 5 per cent year-on-year (YoY) in opposition to Rs 15, 531 crore logged in March 2022 quarter. EBITDA or earnings earlier than curiosity, tax, depreciation, and amortisation is pegged at Rs 6,234 crore, up 19 per cent YoY whereas margins are estimated to return in at 38 per cent in opposition to 34 per cent within the corresponding quarter of fiscal 2021-22. Revenue after tax (PAT) or internet revenue is anticipated to rise 16 per cent YoY to Rs 4,850 crore in opposition to Rs 4,191 crore within the year-ago interval. 

Additional, cigarette volumes are estimated to develop 13-14 per cent whereas its FMCG section is anticipated to see a development of 15-17 per cent. Nevertheless, a fall in agribusiness might impression the corporate’s total revenue. The Inns section, alternatively, is prone to submit strong development for the quarter underneath overview. These aside, the corporate’s replace on the demerger plan and administration’s commentary on the expansion outlook in addition to on rural demand shall be key issues to be careful for. 

In the meantime, as per a report, ITC and Godfrey Phillips have elevated the costs of their cigarettes. The value hike is to the magnitude of 3-5 per cent, the report added.


On Might 17, the inventory of the diversified FMCG firm ended  0.97 per cent greater at Rs 428.05 on the NSE. The shares of the Sanjiv Puri-led firm have seen a powerful rise within the final 12 months. As per Trendlyne knowledge,  the scrip has zoomed 61.5 per cent between Might 17, 2022, and Might 17, 2023. As compared, the Nifty FMCG index has risen 31.75 per cent. The Nifty50 index, alternatively, has gained almost 12 per cent through the window.

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