Company: ITC Ltd. Category: Result Analysis

ITC has reported 1.5% volume growth and 9% EBIT growth in cigarette business enabled by sustained recovery post 4Q price increase. GST council has increased cess on cigarettes resulting in 2‐8% price increase across various segments. Although uniform pricing and less hassles are positive, steep price increase in states with VAT rates less than 20‐25% would delay volume growth recovery to 2HFY18.
Aug. 9, 2017, 3:11 p.m.

ITC Ltd: Result Update -
July 31, 2017, midnight