The results of the third quarter of the JRC will be declared tomorrow
NEW DELHI: ITC , the fast moving consumer goods company (FMCG) is likely to submit its performance report for the third quarter on Friday, January 31.
According to market analysts, ITC is expected to report over 20 per cent jump in net profit for the December quarter owing to corporate tax cuts. Cigarette volume for the company is expected to grow at 3-4 per cent. Growth in cigarette sales is seen at 5-8 per cent.
In the quarter ended September 2019, the company reported a 36.16 percent year-on-year increase in independent earnings to Rs 4,023.10 rupees. In addition, the company received a one-time tax credit boost of Rs 166.16 million
In the past five years, ITC’s share price has declined from Rs 368.60 on January 30, 2015 to Rs 234.65 on January 27, 2020 on BSE.
With its share quoting at Rs 234.70 on NSE and BSE AT 02:02 pm on Thursday, January 30, it would be interesting to see how ITC has earned in the third quarter of 2020.
Key points to consider:
- Diversification in the area of consumer goods (frozen food)
- Guidance on price and volume.
- New product launches and product mix.
- The demand perspective for the consumer goods and cigarettes segment
- Increase in cigarette tax