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Street not convinced with ITC post decent Q4, cigarette biz faces headwinds
FMCG, cigarette biz provide cheer, but all eyes on sustenance
ITC gains 4% after March quarter results; most brokerages maintain 'buy'
The company posted a 4.93 per cent decline in its revenue from operations at Rs 12,560.64 crore during the quarter.
Hit by Covid-19 and lockdown, ITC Q4 pre-tax profit declines by 7.75%
Rural markets, which account for around one-third of the industry and have been the key driver of growth in recent years, witnessed a steep fall in growth rates
ITC Q4 consolidated net profit rises 9.28% to Rs 3,926 cr; sales down 5%
Its total expenses stood at Rs 8,484.93 crore in Q4 FY 2019-20, down 3.14 per cent as against Rs 8,760.36 crore
ITC meets Street estimates; Q4 profit up by 9.89% at Rs. 29.33 billion
The net profit during the corresponding quarter of the 2016-17 fiscal year stood at Rs. 26.69 billion, backed by a revenue of Rs. 154.11 billion
