Company: ITC Ltd. Category: IPO Notes

FMCG business led by processed foods to show steady increase in profitability, personal care on urge of stabilizing, though Lifestyle retailing could remain a drag.
Jan. 24, 2019, 12:15 p.m.

Operating earnings were in line with our expectation at Rs 32bn, implying a growth of 11%, while PAT at Rs32 bn grew 26.4%.
Jan. 24, 2019, 11:35 a.m.

ITC reported a steady quarter with broad-based growth across segments. Cigarette volumes grew a healthy 7.5% with 8.8% EBIT growth as stable prices propelled steady increase in consumer demand.
Jan. 23, 2019, 11:12 a.m.

ITC has reported largely an in-line performance in Q2FY19 with an estimated cigarettes volume of ~7% YoY. Despite a robust YoY growth in cigarettes volume, cigarettes revenue declined by 2% QoQ.
Oct. 29, 2018, 11:33 a.m.

Supported by extremely favourable comps, ITC reported earnings growth in 2QFY19 which was marginally ahead of expectations. Overall revenues and operating profit grew 7.3% and 12% YoY respectively.
Oct. 29, 2018, 11:30 a.m.

ITC reported healthy 6% cigarette volume growth and 8.7% EBIT growth on QoQ improvement in cigarette demand.
Oct. 26, 2018, 11:50 a.m.

ITC’s revenue growth in 1QFY19 was in line with our expectations, but slightly below consensus estimate.
July 27, 2018, 1:19 p.m.

Near-term outlook uncertain, valuations fair. We pored over ITC’s FY18 annual report.
July 2, 2018, 11:13 a.m.

ITC reported sales and EBIT of Rs113bn and Rs1.64bn in FY18 as margins increased 118bps to 1.4%.
June 19, 2018, 3:58 p.m.

ITC’s growth in 4QFY18 was modest and in line with expectations. On the revenue side, core (cigarette) revenues were in line with continued weakness in underlying volume.
May 17, 2018, 1:55 p.m.