 "ITC")
ITC is slated to announce its March quarter results for the financial year 2020-21 (FY21) on Friday, June 26. The company, according to analysts, is expected to post up to 14 per cent decline in its cigarette volumes due to hike in excise duty and Covid-19 lockdown. The company's FMCG business may also take some hit while its Hotels business will be impacted most, they say.
During the period under review, ITC's stock dipped 27.7 per cent as compared to a 9 per cent fall in the NIfty FMCG index and 28.65 per cent slump in the S&P BSE Sensex,
