FMCG has stated that there is going to be consistent growth which is going to be in double digits which they have stated for the quarter as they have stated that this is going to be happening as there is a demand for the packaged foods more than ever as it seems like that people do enjoy frozen food.
ITC LTD Q4 Earnings Results
There has been a decline in the number in cigarette-FMGC to the hotel and the ITC has been claimed to report a moderate decline in their profit which is going to be their profit for the quarter for March 2021 and the earning will be announced by the company on in the 1st of June.
there has been a nationwide lockdown for about 10 days and that is going to be resulting in the growth of some segments which would be agriculture and the paper business which are expected to report double-digit growth but it seems like that the hotel is going to go through some more suffering because of the lockdown situation and is continually getting impacted by COVID19.
It has been calculated by the analyst that there is going to be revenue growth which is going to be in the range of 6-10% which is going to be the figure for the quarter as compared to the quarter profits a year ago, the cigarette business is seeing a growth of 6-9% and is seeing around 8% sales growth as compared to previous months and also the FMCG segment is going to see a continuous growth as the packaged foods are something that is being bought by most of the people as they find it easier to make and also the quality of the packaged foods has changed for good and it seems like that the industry is going to see consistent growth for the quarter year.
ICICI Directs is also going to see a growth of about 9.9% and the cigarette business is expected to grow with a rate of 7.5%, it seems like that the company has taken a hike in the cigarette price in the times of lockdown and it seems like it is going to see a decline of 1.2% in the profit.
The lockdown has helped some businesses and has really affected some businesses in the worst possible manner and it seems like that this is going to be the case for some time as the demand for some products is going to take a leap and some of the products and services are going to come on a halt or are not going to work in an effective manner to generate revenue.