ITC Ltd.    
13 Jul 2020
193.85
-2.44%
buy
Buy: ITC Ltd.
Axis Direct
ITC is a market leader in traditional businesses of Cigarettes, Hotels, Paperboards, Packaging and Agri-Exports and is rapidly gaining share in the FMCG segment. ITC is a market leader in traditional businesses of Cigarettes, Hotels, Paperboards, Packaging and Agri-Exports
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ITC Ltd. is trading below it's 30 day SMA of 194.7
ITC Ltd.    
02 Jul 2020
193.85
-2.44%
buy
Buy: ITC Ltd.
Geojit BNP Paribas
With operations back on track and strong cash flows generation, the company is expected to fare better than its peers. We continue to remain optimistic on ITC's performance and reiterate our BUY rating on the stock with a TP of Rs. 260 based on SOTP valuation. Drastic demand drop impacts topline Q4FY20 standalone revenue stood at Rs. 11,300cr (-6.3% YoY). FMCG revenue declined 5.0% YoY to Rs. 8,314cr, of which Cigarettes business revenue stood at Rs. 5,131cr (-6.5% YoY). Hotels revenue dropped 8.4% YoY to Rs. 466cr, while from Agri...
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ITC Ltd. has an average target of 253.50 from 12 brokers.
ITC Ltd.    
30 Jun 2020
193.85
-2.44%
buy
Results Update: ITC Ltd.
SMC online
ITC Ltd.s profit beats estimates, lower tax rate led to growth in profits ITC net sales fell 8% to Rs 11782.16 crore for quarter ended Mar20 compared to corresponding previous year period. The company operating margins increased 40 bps to 38.2%. As a result operating profits fell 7% to Rs 4503.62 crore. Other income of the company fell 3% to Rs 667.76 crore. Interest cost was Rs 14.68 crore...
ITC Ltd. has an average target of 253.50 from 12 brokers.
ITC Ltd.    
30 Jun 2020
193.85
-2.44%
buy
Buy: ITC Ltd.
Sharekhan
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
ITC Ltd.    
29 Jun 2020
193.85
-2.44%
buy
Buy: ITC Ltd.
Axis Direct
ITC's Q4FY20 print was largely in line with our estimates on key metrics, but positively surprised us on the Gross Margins front. We note, Cigarette volumes likley declined by 9-10% vs our/street estimate of 4%/7-8% decline in Q4.
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Number of Mutual Funds holding stock fell by 10 to 383 in Mar 2020 qtr.
ITC Ltd.    
28 Jun 2020
193.85
-2.44%
HDFC Securities
We value ITC on SoTP and arrive at a TP of Rs 221 (implied P/E of 17x). Risk reward remains attractive. Maintain BUY. ITCs 4Q was marginally lower than estimates but lockdown impact was not as severe as it was visible in other cos. Net revenue was down by 6% yoy while HUL/Dabur/Colgate/Marico clocked decline of 9/17/7/8% yoy in the domestic business. Cig revenues declined by 6% yoy with ~10% yoy volume dip. FMCG comparable growth of 5% yoy was better than estimate (even better than Britannias 2% growth). Recovery in Cig and FMCG in May and June is encouraging. FMCG, Paperboards and Packaging are now operating at 80-85% of normal levels. Co has not witnessed downtrading trend or any meaningful drop-outs of cig consumers due to lockdown. Packaged food enjoyed pantry loading benefits and part of personal care also recovered. Co has good portfolio to capitalise on health and hygiene trend. FCF grew by robust 30% yoy, FCF and dividend yield stands at 7% and 5% in FY20. We cut EPS estimate by 5% for FY21 to factor impact of extended lockdown.
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Axis Direct released a Buy report for ITC Ltd. on 13 Jul, 2020.
ITC Ltd.    
27 Jun 2020
193.85
-2.44%
Nirmal Bang Institutional
FMCG-Others and Agri business poised to do well; Upside limited NBIE Values your patronage- Vote for The Tam in the Asia Money poll 2020. Click Here ITC Ltd's (ITC) 4QFY20 standalone topline (adjusting for excise duty; given separately this quarter) declined by 9.6% YoY to Rs108bn (est. 3.1% growth to Rs124bn). EBITDA declined by 8.9% to Rs41.6bn (est. 4.7% growth to Rs47.9bn). Adj. PAT grew by 9% to Rs38bn (est. -0.6% growth to Rs34.6bn), largely led by lower tax rate at 15.8% (tax rate stood at 20.9% for the full year vs est. 25.2%). Cigarette net sales declined by 6.5% YoY to Rs51.3bn. We believe that calculated cigarette Sector: FMCG...
Number of Mutual Funds holding stock fell by 10 to 383 in Mar 2020 qtr.
ITC Ltd.    
27 Jun 2020
193.85
-2.44%
buy
Buy: ITC Ltd.
ICICI Securities Limited
Though cigarettes sales have returned to previous levels on a daily sales basis by mid-June after lockdown was slowly lifted in most states, we believe ITC would have lost 40-45 days of sales in Q1FY21. FMCG business saw a 2.8% sales dip during the quarter with supply chain & manufacturing disruption in the last 10-15 days of March 2020. However, the business is likely to witness sharp growth in Q1FY21 given most of the product portfolio consist of essentials (packaged food & soaps). The hotels business was worst hit due to lockdown with occupancy levels coming down from ~65%...
ITC Ltd. has an average target of 253.50 from 12 brokers.
ITC Ltd.    
27 Jun 2020
193.85
-2.44%
Motilal Oswal
Prior to the COVID-19 outbreak, the segment was on track to register double-digit revenue growth for 4QFY20, on a comparable FMCG - Others net sales declined by 2.8% YoY to INR31.8b. While capacity addition in the value-added Paperboards segment bolstered revenue, slowdown in customer off-take due to sluggish demand in end-user industries (FMCG and liquor industry) weighed on the performance of the Net sales of Paper and Paperboard business declined 5.1% YoY to INR14.6b. overhang of further GST increase on cigarettes, (c) ITCs valuation premium to global tobacco majors like Philip Morris and BAT, and (d) continuance of weak earnings trajectory (6.6% PBT CAGR in the last 5 years), outweigh the apparent relief of cigarette sales bouncing back to near pre-COVID levels and the dividend.
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ITC Ltd. has lost -28.72% in the last 1 Year
ITC Ltd.    
09 Jun 2020
193.85
-2.44%
buy
Buy: ITC Ltd.
ITC Ltd. has lost -28.72% in the last 1 Year