ITC Q4 Preview: PAT seen rising 17% YoY; cigarette biz to show strong growth

ITC is expected to report steady revenues in the March quarter, lifted by strong growth in the cigarettes business. The company’s revenues are seen rising 3-6% for the quarter ended March, according to an average estimate of five brokerages. Net profit for the quarter is likely to rise up to 17% to Rs 4,911 crore. While cigarette business is expected to put up a strong show, hotels business will likely benefit from the pent-up demand from Covid and price hikes.