What to expect from ITC Q1 results on Tuesday? Q1 PAT seen up 16% YoY

NEW DELHI: ITC Ltd is scheduled to report its results for the quarter ended June 30 on Tuesday.

The FMCG major is expected to report a 16 per cent YoY growth in its net profit number to Rs 2,200 crore for the first quarter of the current fiscal FY15, as compared to Rs 1,891 crore reported in the year-ago period, according to ET Now estimates.

Revenues for ITC Limited, a multi-business conglomerate, is expected to grow by 12 per cent to Rs 8,300 crore for the June quarter, as compared to Rs 7,410 crore reported the corresponding quarter of last fiscal.

Operating margin, rose by 100 bps to 38 per cent as compared to 37 per cent reported in the year-ago period. A basis point is a hundredth of a percentage point.

According to ET Now estimates, Cigarette volumes are likely to decline by 2 per cent impacted by rise in prices. FMCG revenues are likely to see 14 per cent YoY growth but Hotel revenue growth is likely to remain sluggish.

Foods biz to contribute to growth in FMCG segment, while mild recovery could be seen in paper margins on higher capacity utilisation.

ITC closed 0.3 per cent lower at Rs 356 on Monday. It hit a low of Rs 354.60 and a high of Rs 358.70 n trade today.

Factors to watch

Volume growth in Cigarettes biz Price hikes in Cigarette ARR, occupancy in Hotels segment