We attended ITC Limited (ITC) analyst meet. Company aims to achieve double digit revenue and operating profit growth in near term. Cigarette business is witnessing improvement in revenue mix driven by new launches (new products contribute 11% to volume, while assortment increased 2x during last 8 years). Rich revenue mix should help in offsetting impact on cigarette volume growth due to tax driven price hikes taken earlier/if-any-in-future. On FMCG business; ITC expects to maintain EBITDA margin despite raw material cost inflation. In hotel business; company expects leisure segment to outperform in near term...