ITC Q3 Results

Investor concerns are not without reason, considering the cigarette business accounted for 84.7% of ITC's consolidated earnings before interest and tax in 2018-19

HUL's profit before tax (PBT) grew 14.3 per cent to Rs 2,229 crore, while its net profit grew nearly 12 per cent Rs 1,616 crore year-on-year (YoY).

The company said that the macro-economic environment continues to be adversely impacted as reflected in GDP growth, and persistent weakness in consumption demand and investments

The company had posted a net profit of Rs 3,136.95 crore in the October-December quarter of the previous fiscal

Total income from operations for the quarter under review came in at Rs 12,267.65 crore, up 15.79 per cent against Rs 10,594.55 crore in the year-ago period.

Key monitorables include trends in cigarette volumes and demand outlook for FMCG categories, say analysts at Motilal Oswal Securities