ITC Q4 results preview: Cigarettes, sales growth FMCG biz, PAT; key factors here
ITC Ltd will report its fourth quarter results for FY23 on May 18. In addition to the results, the company’s board of directors will also consider and recommend a final dividend for fiscal year 2022-2023. The share price of the FMCG player will therefore be central. In Q4FY23, the cigarette and FMCG businesses could post double-digit sales growth, while post-Covid pent-up demand is likely to boost the hotel business. Agribusiness may see a drop in turnover.
Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.