- Cigarettes staged a recovery with revenues at Rs 6,959 Cr
- Compared with Rs 6,091 Cr a year ago
- Pre-tax profits from the segment stood at Rs 4,187 crore
- Compared with Rs 3,659 Cr in the year-ago period
Cigarettes business Performance
- Stable taxation on cigarettes would result in high growth in cigarette volumes in the medium term.
- Cigarettes business was one of the worst impacted businesses in last two years due to Covid-19 disruptions
- Cigarette business growth in the current quarter reflects that volumes surpassed pre-covid high levels
- Margins of this segment : 14% year-on-year growth in earnings before interest and tax (EBIT)
Paperboard business Performance
- Demand recovery from the user industries
FMCG business
- Growth was at a slower pace of 9.3%
- Still stronger growth compared to most other FMCG peers
End of financial highlights
Tech Analysis With its peers loosing all the gains of previous year, Itc has been maintaining its support on 215 for quite a few months now, another good support stands at 201 levels. However Itc has always proven itself as a zig zag stock so the next resistance is at 236, which can again bring profit booking in this stock. Look out for these levels and keep a stop loss in ratio of 1:2.
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