25 Jan 2024 , 08:39 AM
Result date: January 29, 2024
Recommendation: Buy
Target price: ₹510
Analysts at IIFL Capital Services believe ITC’s consolidated net sales could increase by ~6% over the year-ago quarter, with the EBITDA margin remaining flat at ~36.4%. The Cigarette and FMCG segment is expected to report a top-line growth of ~7% and 12% respectively whereas the revenues from agri business is expected to be flat over the year-ago quarter.
ITC’s Profit After Tax (PAT) could grow 1.7% as compared to the year-ago quarter.
Important management insights to watch out for:
| Rs. Million |
December 2023 estimates |
YoY change |
| Revenue |
1,85,709 |
5.6% |
| EBITDA |
67,534 |
0.7% |
| Profit After Tax |
50,938 |
1.7% |
Source: IIFL Research
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