ITC Q2 results preview: PAT may climb 3%; margin likely to slip 120 bps

Cigarette-to-hotel large ITC is acceptable to study its July-September net connected October 24, 2024 (Thursday). Zee Business probe estimates standalone nett aft taxation (PAT) astatine the conglomerate 
to emergence 3 per cent year-on-year (YoY) to Rs 5,079 crore. In the corresponding play past year, the company's PAT stood astatine Rs 4,927 crore.

Revenue during the reporting 4th is estimated to summation 7.5 per cent on-year to Rs 17,772 crore arsenic against Rs 16,550 crore reported successful the aforesaid play past year.

The EBITDA oregon net earlier interest, taxes, depreciation and amortization is besides seen to turn by 4 per cent YoY to Rs 6,272 crore. In the aforesaid play a year-ago, the company's EBITDA was reported astatine Rs 6,042 crore, portion the EBITDA borderline is expected to diminution to 35.3 per cent, a 120 bps diminution year-over-year.

During Q2FY24, the company's EBITDA borderline was 36.5 per cent. 

ITC stock price

Ahead of the company's results tomorrow, shares of the FMCG large traded level astatine 481.7, portion astatine the day's precocious it deed levels of Rs 483.15 and its day's debased terms is Rs 479.75 apiece connected the BSE. The banal implicit the past 1 twelvemonth has gained 10 per cent, portion the Nifty FMCG scale during the aforesaid play has moved higher by implicit 16 per cent.