Industry: Tobacco & Cigarette Category: Broker Research

ITC delivered a steady performance against the backdrop of continuing pressure on cigarette industry, sluggishness in demand for FMCG products (exacerbated by destocking in trade channels due to GST) subdued demand and unabsorbed capacity in the domestic paperboard industry and lower crop output & adverse quality of the Andhra leaf tobacco due to drought in 2016. Company’s revenues increased by 4.1% YoY (7.3% fall QoQ) to Rs. 13,800.4 crore in Q1FY18 from Rs. 13,253.1 crore in Q1FY17
Aug. 31, 2017, 12:11 p.m.

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