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homevideos Newsearnings NewsITC Q3 Earnings: Cigarette business to drive net profit of 20%

ITC Q3 Earnings: Cigarette business to drive net profit of 20%

Cigarette-to-soap conglomerate ITC is set to declare its third-quarter results on Friday. 

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By Mangalam Maloo  Jan 31, 2020 11:39:04 AM IST (Updated)

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Cigarette-to-soap conglomerate ITC is set to declare its third-quarter results on Friday. Here are the key expectations:

  • The revenue is likely to grow at 6.5 percent to Rs 12,000 crore.
  • The EBITDA is likely to see a growth of around 7.5 percent, meaning a slight margin expansion.
  • Analysts are working with a margin expansion of 50 basis points (bps).
  • The net profit, aided by lower taxes, should increase by about 20 percent to Rs 3,850 crore.
  • The key business for the company would be the cigarette segment. Analysts are expecting a revenue growth of anywhere between 5 percent and 6 percent.
  • Cigarette volume growth will be 2-3 percent and cigarette realisation growth is seen at around 3 percent.
  • The street is hopeful of a 100 basis points improvement in the FMCG business.
    • First Published: Jan 31, 2020 11:38 AM IST
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    ITC cigarette businessITC cigarettesITC Net profitITC Q3 earningsITC Q3 earnings previewITC Q3 Resultsrevenuevolumes

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