ITC Ltd. News and Updates

Name: Latest research reports of ITC Ltd. authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: ITC Ltd.
Rating: 5
Author: Geojit BNP Paribas

Keep track of all breaking news on ITC Ltd. from all sources in a single place.

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ITC Ltd.

11 Nov 2020

416.80

-0.01%

ITC LIMITED

Buy: ITC Ltd.

Target

Geojit BNP Paribas

Q2FY21 standalone revenue jumped 26.0% QoQ (+1.2% YoY) aided by growth in FMCG, Hotels and Paper businesses as economy opened up. EBITDA margin improved sequentially to 34.1% from 28.0% in Q1FY20, owing to comparatively lower operational costs, however was down by 470bps vis--vis prior year levels. Company further increased stake in Delectable Technologies during the quarter, acquiring second tranche of 1,964 compulsorily convertible preferred shares of Rs. 10 each....

ITC Ltd. is trading below all available SMAs

ITC Ltd.

11 Nov 2020

416.80

-0.01%

ITC

ITC Ltd.

SMC online

ITC Ltd.'s profit misses estimates, Q2 PAT declines 20% to Rs 3,232 cr Net sales fell 3.81% to Rs 11,098.24 crore in Q2 September 2020 over Q2 September 2019. Profit before tax (PBT) declined 11% to Rs 4,274.32 crore during the period under review....

Number of MF schemes decreased from 432 to 51 in Mar 2025 qtr

ITC Ltd.

11 Nov 2020

416.80

-0.01%

ITC

Buy: ITC Ltd.

Target

Sharekhan

ITC's Q2FY2021 performance was affected by localised lockdowns in July-August resulting in a 12% decline in volume of core-cigarette business (net sales was down by ~14%). Cigarette sales started recovering from September but yet to reach preCOVID levels. Non-cigarette FMCG performed strongly, rising by 18.4% led by staples, operating profit grew 66% y-o-y to Rs. 366 crore (margins rose 300 bps to 9.7%). As non-cigarette FMCG business scales up, its OPM is expected to improve further...

ITC Ltd. is trading below all available SMAs

ITC Ltd.

09 Nov 2020

416.80

-0.01%

What should investors do with ITC post Q2 results: Buy, sell or hold?

Moneycontrol

Revenue from operations grew by 0.9 percent year on year to Rs 11,976.8 crore in the quarter ended September 2020.

Number of MF schemes decreased from 432 to 51 in Mar 2025 qtr

ITC Ltd.

09 Nov 2020

416.80

-0.01%

Result Update:ITC

Buy: ITC Ltd.

Target

Axis Direct

Maintain BUY with a revised TP of Rs. 215 (Rs. 243 earlier) as we tweak our FY21/22E to factor in H1 performance. However, undemanding valuations, +5% dividend yield and visible recovery across key businesses makes it an attractive bet.

ITC Ltd. is trading below all available SMAs

ITC Ltd.

08 Nov 2020

416.80

-0.01%

ITC: Q2FY21 Result Review

Buy: ITC Ltd.

IDBI Capital

ITC Limited (ITC) result was in-line with our estimates. Business recovery in Cigarettes has been better than expected driven by gradual unlocking of economy and improved consumer sentiment. However, performance of Hotel segment remained subdued; current quarter revenue stands at 19% of last year. Positively, Branded FMCG and Agri business continued its outperformance with high double digit value growth. Revenue from Paperboard and Packaging segment also recovered strongly compared to last quarter. Excluding Branded FMCG and Agri segment, all other segments witnessed decline in operating profits primarily led by negative operating leverage. Based on...

ITC Ltd. is trading below all available SMAs

ITC Ltd.

08 Nov 2020

416.80

-0.01%

ITC Limited

Buy: ITC Ltd.

Target

ICICI Securities Limited

Q2 revenues grew 14.6% YoY to | 5038 crore due to 19.8% YoY growth in domestic formulations to | 2090 crore. US revenues grew 10.1% YoY to | 1049 crore. RoW markets grew 28.2% YoY to | 828 crore. EU grew 30.0% YoY to | 247 crore. API segment grew 20.4% YoY to | 189 crore. EBITDA margins improved 266 bps YoY to 23.4% on account of a sharp drop in other expenditure amid Covid, partly offset by lower gross margins due to change in product mix. Subsequently, EBITDA grew 29.4% YoY to | 1177 crore. PAT...

Number of MF schemes decreased from 432 to 51 in Mar 2025 qtr

ITC Ltd.

07 Nov 2020

416.80

-0.01%

Q2FY21 Result Update - FMCG Shines, Cigarettes remain a drag - BUY

Buy: ITC Ltd.

Target

Prabhudas Lilladhar

ITC's FMCG business reported 18.4% comparable sales growth and 9.7% EBIDTA margins even as 11.5% cigarette volume decline was disappointing. Overall business recovery has set in across segments, although cigarettes, Hotels and Leaf tobacco will have a delayed recovery. We believe strong sales momentum in Foods, Hygiene and success in the frozen snacks and Vegetables is a long term positive given that ITC's margins have started reflecting impact of cost control and scale. We believe ITC would be one of the key beneficiary of an uptick in consumer demand given the depth and...