NIFTY 50

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

Updated : January 31, 2020 11:39 AM IST

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.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you