Page 3 - Itc Ltd News Today

There is no strategic intent from BAT to be a minority shareholder of a hotel company in the Indian market, said BAT CEO Marroco

While the lower tax propped up profit, revenue from operations inched up by 2.4 per cent to Rs 19,484.5 crore from Rs 19,020.65 crore

ITC Q3 results: Nuvama Institutional Equities said it liked the hotel business performance as the segment posted its best-ever quarter with segment revenue up 18 per cent YoY and Ebitda margin of 36.2 per cent

ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 556911.17 Crore) operating in Tobacco sector.

ITC Ltd is set to release its earnings for the December quarter today. Investors will be focusing on the performance of the cigarette business, FMCG vertical, and hotels segment. Steady volume growth in cigarettes and non-cigarette FMCG, along with strong traction in hotels, is expected to support the conglomerates quarterly performance. However, the agri and paper and paperboards businesses are likely to have been sluggish, potentially impacting overall revenue growth.

Q3 results today: Over 900 companies including Aditya Birla Sun Life AMC, Adani Green Energy, Bajaj Finance, BEL, GAIL, ITC, L&T, Marico, NTPC, PEL, SRF Ltd, Sun Pharma, Tata Motors, and UPL are slated to unveil their Q4 results 2024 on January 29.

ITC Q3 earnings: Emkay Global expects ITC to report a 7 per cent year-on-year (YoY) rise in net profit at Rs 5,373.80 crore compared with Rs 5,031 crore in the same quarter last year. It expects sales for ITC to rise 8 per cent YoY

ITC Ltd on Monday reported 10.8% year-on-year growth in net profit at Rs 5,572 crore for the third quarter ending December 23, while gross revenue went up by 2.1% to Rs 17,483 crore. Both revenue and profit exceeded street estimates.

FMCG major ITC is seen reporting a nearly 5% YoY growth in revenue for the quarter ended December to Rs 17,016 crore, according to the average of estimates given by eight brokerages. The companys EBITDA is likely to increase 2.5% YoY to Rs 6,378 crore, and the profit may grow 2% to Rs 5,137 crore

David Robert Simpson was on the ITC board as a representative of Tobacco Manufacturers (India) Ltd, a subsidiary of British American Tobacco plc.