Preview: India's ITC inches lower ahead of Q1 results
BUZZ-PREVIEW-India's ITC inches lower ahead of Q1 results ** Shares of ITC ITC.NS down 0.8% at 282.95 rupees per share ahead of June quarter earnings
** Philip Capital says ITC's FMCG business is likely to see steady revenue growth in 1QFY27, supported by calibrated pricing actions and resilient urban demand, though margin expansion may remain limited due to elevated input costs
** Expects ITC's earnings growth to lag peers, forecasting only single-digit percentage topline growth and a decline in EBIT, reflecting continued pressure in the FMCG segment despite an improving demand environment
** Motilal Oswal expects ITC to post double-digit revenue growth in Q1, aided by GST-led formalisation, calibrated price hikes and improving consumption trends across key FMCG categories
** Thirty five analysts have a "hold" rating on avg; median PT is 336 rupees - data compiled by LSEG
** YTD, ITC down ~30% vs Nifty FMCG index's .NIFTYFMCG 11.1% decline
(Reporting by Urvi Dugar and Kashish Tandon in Bengaluru)
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