 "A man talks on his mobile phone as he walks past an ITC office building in Kolkata. Photo: Reuters")
Even as cigarettes’ sales volume is likely to decline by 2-5 per cent during October-December period of the current financial year, increased revenue from other segments is likely to result in ITC Ltd posting an eight per cent growth in its topline at around Rs 99-100 billion. The company’s net profit is expected to hover around Rs 26-28 billion.
In the third quarter (Q3) of the last financial year, the company had posted a Rs 26.40 billion bottom line and a Rs 97.64 billion topline.
The EBIT (earnings before interest and tax) growth, as per HDFC Securities, Edelweiss Securities and
