ITC Q3 preview: Profit may grow 14% YoY, govt's rural push to boost volumes

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

FMCG major ITC is scheduled to report its December quarter results on Wednesday. The result will be watched for trends in cigarette volumes and the demand outlook for FMCG categories and segmental profitability.

The company had posted 11.9 per cent growth in its net profit for the quarter ended September 31, 2018, at Rs 2,955 crore. The same during the corresponding quarter of the previous financial year stood at Rs 2,640 crore.

Here’s what top brokerages expect from ITC’s December quarter earnings-

Motilal Oswal

We expect net sales to grow 9 per cent year-on-year (YoY) to Rs 10,650 crore, with