ITC - FMCG Profits On Track, Cigarettes Remain A Drag: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.ITC Ltd.’s fast moving consumer goods business continues its upward trajectory with 11% comparable sales growth and 9.2% Ebitda margins.Cigarette volume continue to disappoint with 5% decline. Hotel business turned Ebitda positive in December 2020 though we do not expect it to impact overall Ebitda significantly.We believe strong sales momentum in foods, hygiene and growth across the discretionary portfolio will aid in overall recovery.We believe the company would be one of the key beneficiaries of an uptick in consumer demand given the depth and width of its portfolio, fast paced launches and innovations..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ITC - FMCG Profits On Track, Cigarettes Remain A Drag: Prabhudas Lilladher