Senior Correspondent, IndianRetailer.com & Retailer Magazine Jan 19, 2018 / 2 MIN READ
FMCG major ITC is likely to report single-digit rise in bottom-line growth for the quarter ended December 31, 2017.
However, with the steep hike in the goods and services tax (GST) rates on cigarettes, the company would continue to report dip in volume growth during the quarter. Its FMCG segment is likely to report double-digit growth in revenues with base quarter impacted by demonetisation.
Brokerage firm ICICIdirect.com sees 6.8 per cent year-on-year rise in net profit of ITC at Rs 2,827.90 crore during the quarter under reivew, while revenue figures can jump 14.70 per cent YoY to Rs 10,495.80 crore. EBITDA may increase by 2.9 per cent YoY to Rs 3,650 crore in Q3FY18.
Motilal Oswal Financial Services sees flattish YoY growth in cigarette EBIT, while other FMCG to post revenue growth of around 11 per cent YoY.
In the upcoming quarterly numbers of ITC, investors should watch trends in cigarette volume as well as demand for FMCG categories and segmental profitability.
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