At IST, shares of the hotel cigarette conglomerate were trading percent higher at Rs on BSE. The stock is 0.39% off its 52-week high of Rs 305.9 on BSE.
Here’s how the company’s stock fared against the sector gauge:
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Here’s what to expect from the results:
The Kolkata-based Fast Moving Consumer Goods (FMCG) player’s cigarette volume growth will be closely watched. The CNBC-TV18 poll estimated volume growth at 25-28%.
According to the survey, the FMCG player’s margin could be affected due to rising input costs, which could cause the operating margin to decline by 20 to 30 basis points.
Meanwhile, the hotel industry is expected to experience a strong recovery, and any comments on the hotel split will be closely watched by the street.
“We will move it forward in line with the recovery momentum of the industry. Everything now indicates that the industry is on a positive trajectory. So that’s where it is, that’s very much on the table. “, President Sanjiv Puri had said at the conference. recent annual general meeting and a CNBC-TV18 interview.
ITC has 12 companies spanning FMCG, Food, Paperboard & Packaging, ITC Hotels and ITC Infotech.
ITC has more than 25 brands in food, personal care, commodity, education and stationery, agarbattis and matches, including Aashirvaad, Yipee!, Bingo!, Savlon+, Sunfeast, Classmate , Magaldeep, Fiama, B Natural, Nimyle, among others.
First post: STI