ITC Q3 preview: Net profit likely to rise over 3%, revenue up by 5%
₹5,183 crore for the current quarter, reflecting a 3 percent increase compared to the corresponding quarter in the previous fiscal year, as per analysis by several brokerage firms. Concurrently, revenue is anticipated to experience growth, reaching ₹17,425 crore. Also read: Bajaj Finance Q3 results: NII likely to rise 26% led by strong AUM growth, say analysts The anticipated EBITDA is expected to hover around ₹6,482 crore, reflecting a year-on-year increase of approximately 4 percent.
The EBITDA margin is projected to remain stable on a quarterly basis, maintaining a rate of 36.5 percent. According to brokerage firm Motilal Oswal, the FMCG giant is expected to report a 2% year-on-year (YoY) growth in cigarettes' with 5-year average volume growth in mid-single digits. “The cigarette business continues to deliver volume growth and market share gains in the softening of competition from illicit trade," the firm said.
The brokerage firm Elara Securities projects that the hotel business is poised for strong performance in anticipation of the wedding and festive seasons and is likely to grow around 8% YoY. Also read: Q3 results this week: Bajaj Fin, ITC, L&T, Tata Motors, Adani Enterprises among others to declare earnings. Full list here “ITC is set to sustain robust growth in its hotels business, capitalizing on rising average room rate (ARR) and occupancy rate.
The company targets expansion to 200 hotels with 18,000 keys in the next five years via a managed portfolio which accounts for two-thirds of keys," it said. Meanwhile, its Agri business is projected to achieve a 10% year-on-year growth, influenced by the comparative impact of a ban on wheat and rice imports during the base quarter. Conversely, paperboards may
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