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ITC to announce Q3 results today; here's what to expect from FMCG major

Shares of ITC have underperformed the market by falling over 8.5 per cent during October-December period against 6 per cent rise in the Nifty.

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SI Reporter New Delhi
Cigarette-to-soap conglomerate ITC is expected to deliver sales, earnings before interest, tax, depreciation, and amortisation (EBITDA) and adjusted profit after tax (PAT) growth of 5.7 per cent, 7 per cent and 14.8 per cent YoY, respectively in 3QFY20. Cigarette volume is likely to grow at 3 per cent YoY on a base of 7 per cent growth while cigarette segment earnings before interest and tax (EBIT) is expected to grow at 7 per cent YoY, said analysts at Nirmal Bang Securities in its earnings preview note. "Mirroring the industry, Other-FMCG business growth will be subdued at 5 per cent YoY.

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First Published: Jan 31 2020 | 9:06 AM IST

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