The company that sells cigarettes to hotels, ITC, is scheduled to release its fourth-quarter earnings, which concluded on March 31, on Thursday, May 23. Analysts at Zee Business predict that the company's standalone net profit for the quarter ending March 31, 2024, would be Rs5,064 crore as opposed to Rs5,014 crore in the previous year, indicating a 1% increase. Furthermore, the FMCG behemoth is probably going to announce a 3% increase in standalone revenue to Rs 16,626 crore from Rs 16,116 crore YoY. 

Analysts predict that the FMCG giant's stand-alone profits before interest, taxes, depreciation, and amortization, or EBITDA, will stay unchanged. Compared to Rs 6,209 crore YoY, the EBITDA is estimated at Rs 6,187 crore. Furthermore, it is anticipated that the company's margin would be reported at 37% as opposed to 39% in the previous year.

In addition, it is anticipated that the rise in cigarette volume will stay unchanged. However, the FMCG market, whose margins are anticipated to be between 9 and 10 percent, may see growth of up to 8%. It is anticipated that the hotel industry would rise by 16 percent. However, it is predicted that the agriculture industry would contract by 13% in the upcoming quarter. Weakness in the paper industry is also anticipated. Investors will be watching for comments from management on margins and demand.

In Q3, how did ITC fare?

ITC Ltd. released its December quarter results on Monday (January 29, 2024), revealing a spike of 10.75 percent in its standalone profit after tax (PAT) and an increase of 8.52% in revenue from operations year over year.

Revenue for the firm increased by 8.52% year over year to Rs 17651.85 crore from Rs 16265.48 crore. 

Dividend for ITC 

The massive FMCG company ITC has already notified markets that it will report its fiscal year 2024 fourth-quarter results and that its board will review the final dividend at a meeting on May 23.

Historical performance of the ITC share price 

ITC's shares have increased by more than 3% in a year, while the Nifty50 has increased by more than 23%.