ITC Ltd.

NSE: ITC | BSE: 500875 | ISIN: INE154A01025 |Industry: Cigarettes-Tobacco Products
|Expensive Performer
193.85 -4.85 (-2.44%)
NSE Jul 16, 2020 15:31
Volume: 22.1M

ITC Ltd.    
30 Jun 2020
Buy: ITC Ltd.
ITC's Q4FY2020 performance was affected by lockdown with revenues declining by 6.4% and adjusted PAT stood flat. Cigarette business revenue declined by ~6.5%, largely due to a 10-11% dip in cigarette sales volumes. The sales volumes stood almost flat in January-February. Non-cigarette FMCG business declined by ~3% (comparable revenue growth excluding stationary business and hived-off the retail business stood at 5%). Revenue and PAT grew by 2.2% and 23% (aided cut in the corporate tax rate) in FY2020. Manufacturing of essentials such as personal wash, hygiene...
ITC Ltd. is trading below it's 30 day SMA of 194.7
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