Shares of ITC Ltd. were trading 2% lower ahead of its Q2FY25 earnings report, scheduled for October 24, 2024. The company is set to announce its quarterly financials, and market participants are keenly watching the performance of the FMCG giant.
Key Expectations for ITC’s Q2FY25 Earnings:
- Revenue: Analysts expect ITC to report revenue of ₹18,051 crore, slightly higher than ₹17,774 crore recorded in the same quarter last year.
- EBITDA: Estimated to be ₹6,315 crore, slightly down from ₹6,454 crore YoY.
- EBITDA Margin: The margin is anticipated to be at 34.98%, compared to 36.31% in the previous year.
- Net Profit: ITC’s net profit is expected to be around ₹4,942 crore, an increase from ₹4,898 crore last year.
The stock has faced selling pressure ahead of the results, as investors remain cautious about the possibility of a slight contraction in margins and EBITDA performance.
Q2FY25 Earnings Calendar Highlights for October 24, 2024:
Other companies scheduled to report earnings today include:
- Aarti Drugs
- ACC
- IndusInd Bank
- NTPC
- Laurus Labs
- JSW Energy
- Patanjali Foods
- Radico Khaitan
- Ujjivan Small Finance Bank
Investors will closely monitor these announcements, particularly for sector trends and forward guidance from companies like IndusInd Bank and JSW Energy.
