ICICI Securities Ltd | Retail Equity Research ITC reported revenue growth of 8.3% YoY to | 13156.7 crore for Q1FY17. Adjusting for the impact of Ind AS, revenues stood at ~| 9957.7 crore (I-direct estimate: | 9679.4 crore). The company saw robust growth of 20.2% in agri business while cigarette business grew by 6.4%. In FMCG, 9.5% growth was largely driven by volumes. However, hotels & paperboard segments reported subdued performance with de-growth of 0.2% & 1.6% respectively...