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Buy Godfrey Phillips India Ltd For Target Rs.2,383 - Centrum Broking Godfrey Phillips (GP) reported Q1FY24 results beat our estimates; Revenue/EBITDA/PAT grew 26.2%/ 21.0%/ 115.5% respectively. Gross revenues in Tobacco grew 28.7%, backed by 8.1% volume growth in cigarettes and 120% growth in leaf tobacco exports to Rs3.1bn, whilst nontobacco (TFS+Funda Goli) grew 8.1%. GP’s performance was driven by, (1) clear focus on cigarette business, (2) expanded distribution for Marlboro led to 30% contribution, (3) strong exports of leaf tobacco and (4) PMI (asso...
Buy Godfrey Phillips India Ltd For Target Rs.2,383 - Centrum Broking
Buy Godfrey Phillips India Ltd For Target Rs.2,383 - Centrum Broking
Source: Centrum Broking Ltd
1/08/2023 4:21:14 PM
Hold VST Industries Ltd For the Target Rs.3300 by ICICI Direct About the stock VST Industries (VST) is a cigarette company in India, involved in manufacturing, marketing cigarettes & trading of unmanufactured tobacco. • The company has two cigarette manufacturing facilities in Hyderabad, AP. It has five major brands, which includes, ‘Total’, ‘Charms’, ‘Moment’, ‘Special’, & ‘Edition’ and a direct distribution reach of over 1.2 million outlets Q4FY23 Results: VST reported disma...
Hold VST Industries Ltd For the Target Rs.3300 by ICICI Direct
Hold VST Industries Ltd For the Target Rs.3300 by ICICI Direct
Source: ICICI Direct
22/05/2023 2:25:22 PM
Hold VST Industries Ltd For the Target Rs.3300 by Yes Securities What should investors do? VST industries’ share price has underperformed the market with mere 7% return in the last five years (from | 3061 in April 2018 to | 3276 in April 2023).                    • We remain cautious on cigarettes volume growth prospect; the company is losing market share given its limited presence in higher price cigarettes Target Price and Valuation: We maintain our HOLD rating with a revised target price...
Hold VST Industries Ltd For the Target Rs.3300 by Yes Securities
Hold VST Industries Ltd For the Target Rs.3300 by Yes Securities
Source: Yes Securities
9/05/2023 2:16:49 PM
ITC scrip touches a market cap of Rs 5 trillion and comes down Diversified fast moving consumer goods major ITC Ltd having interests in cigarette, paperboards, hotels, food products reached a market capitalisation of Rs 5 trillion on Thursday. The scrip with a face value of Re 1 opened at BSE at Rs 399.05 and touched a high of Rs 402.60 which was also the 52 week high. The scrip hit the magic Rs 5 trillion market cap figure. It is said ITC was the 11th company to touch the market cap figure of Rs 5 trillion. However, the market cap later came do...
ITC scrip touches a market cap of Rs 5 trillion and comes down
ITC scrip touches a market cap of Rs 5 trillion and comes down
Source: Accord Fintech
20/04/2023 1:50:37 PM
Buy ITC Ltd For Target Rs 470 - Centrum Broking ITC’s Q3FY23 delivered stable performance (though impacted by lower agri exports); revenue/ EBITDA/ PAT grew 2.5%/23.3%/21.0%. Cigarette saw strong volume/EBIT growth of 15.0%/ 16.9%. More importantly, the volume recovery from illicit trade on the back of stable taxation and product innovation to continue. FMCG revenue/EBIT grew 18.4%/43.9%, led by staples and convenience foods with rapid growth in MT/E-com. Hotels/Paper segment revenue/EBIT grew 50.5%/29.0% & 12.7%/26.3%. Agri busi...
Buy ITC Ltd For Target Rs 470 - Centrum Broking
Buy ITC Ltd For Target Rs 470 - Centrum Broking
Source: Centrum Broking
24/03/2023 12:32:59 PM
Buy ITC Ltd For Target Rs.450 - Motilal Oswal Financial Services Earnings visibility continues to drive outperformance As consumer companies continue to struggle in an uncertain operating environment, ITC is better placed than peers with accelerated earnings growth over the past two years, especially in FY23, and strong earnings visibility compared to peers into FY24 as well. Key factors behind its positive outlook are: * Healthy cigarette volume growth in the recent quarters is likely to sustain in the near term, leading to the best three-year and f...
Buy ITC Ltd For Target Rs.450 - Motilal Oswal Financial Services
Buy ITC Ltd For Target Rs.450 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
11/03/2023 12:05:20 PM
Buy VST Industries Ltd For the Target Rs.4,026 - Centrum Broking Higher sales from leaf tobacco impacted margins VST Industries reported Q3FY23 performance below our estimates; Revenue grew 5.2% to Rs3.4bn, while EBITDA/PAT cut by 13.2/4.5% due to higher sales from leaf tobacco exports. We estimate cigarette volume decline of ~3.0%, due to high base along and also consumer shift, buying more of RSFT cigarettes (Rs10/ stick). Gross margin fell by 583bp to 47.3% due to (1) higher raw material cost - tobacco +10% and paper & filter +12% on the back of ...
Buy VST Industries Ltd For the Target Rs.4,026 - Centrum Broking
Buy VST Industries Ltd For the Target Rs.4,026 - Centrum Broking
Source: Centrum Broking Ltd
10/03/2023 12:44:30 PM
Stock of the day : Buy ITC Ltd For Target Rs.360 - Religare Broking ITC * FMCG sector has been seeing mixed trend wherein ITC is trading on strong footing. * After forming a strong base around 325 levels, it’s all set to resume the uptrend. * The existence of support of major moving average i.e. 100 EMA around 325 is added positive. Expect fresh momentum above 342 levels. * We thus suggest initiating fresh longs as per the given levels.   Technical Chart : Daily Buy ITC Ltd CMP: 338.90 Range: 335-337  SL: 325&nbs...
Stock of the day : Buy ITC Ltd For Target Rs.360 - Religare Broking
Stock of the day : Buy ITC Ltd For Target Rs.360 - Religare Broking
Source: Religare Broking Ltd
25/01/2023 10:12:17 AM
No scientific evidence that e-cigarettes are less harmful: Health experts The growing use of e-cigarettes or ENDS (Electronic Nicotine Delivery Systems), also known as vaping devices, has become a cause of great concern globally as well as in India. The perception that e-cigarettes are safe, less harmful than burned tobacco cigarettes and nicotine free has been challenged by experts and organisations like the WHO. Also, it has been disproved that e-cigarettes replace smoking and instead complement cigarette smoking. Claims of companies manufacturing e-cigaret...
No scientific evidence that e-cigarettes are less harmful: Health experts
No scientific evidence that e-cigarettes are less harmful: Health experts
Source: IANS
7/12/2022 1:49:33 PM
Tobacco control coalition in Karnataka seeks hike in taxes on tobacco products in Budget 2023 Consortium for Tobacco Free Karnataka (CFTFK) and Karnataka NO for Tobacco (KNOT), a coalition working on cancer prevention, youth protection and tobacco control, on Monday urged Finance Minister Nirmala Sitharaman to hike taxes on all tobacco products in the 2023 union budget. They have also sent representation letters to the Members of Parliament from Karnataka urging them to take steps to increase the tax on tobacco products like cigarettes, bidis and chewing tobacco. According to th...
Tobacco control coalition in Karnataka seeks hike in taxes on tobacco products in Budget 2023
Tobacco control coalition in Karnataka seeks hike in taxes on tobacco products in Budget 2023
Source: IANS
5/12/2022 5:01:03 PM
Add ITC Ltd For Target Rs.691 - Yes Securities Newer capacities to accelerate growth! Result Synopsis Century Plyboards Ltd (CPBIL) registered highest ever quarterly revenue of Rs9.08Bn, registering a 11.7%YoY growth & benign 2% sequential growth. Company’s plywood division (53% of revenue), reported 9%YoY & 2.5%QoQ growth. Laminates (19% of revenue) revenue stood at Rs1.74Bn, a growth of 7.3%YoY & 7.5%QoQ. MDF biz (17% of revenue) reported a 28%YoY growth & remained flat as compared to previous quarter. Partic...
Add ITC Ltd For Target Rs.691 - Yes Securities
Add ITC Ltd For Target Rs.691 - Yes Securities
Source: Yes Securities Ltd
4/12/2022 9:39:01 AM
Hold VST Industries Ltd For Target Rs.3725 - ICICI Direct Market share loss continues… About the stock: VST Industries (VST) is cigarette company in India, involved in manufacturing, marketing cigarettes & trading of unmanufactured tobacco. * The company has two cigarettes manufacturing facilities in Hyderabad. It has five major brands, which includes, ‘Total’, ‘Charms’, ‘Moment’, ‘Special’, and ‘Edition’ and a direct distribution reach of over 1.1 million outlets Q2FY23...
Hold VST Industries Ltd For Target Rs.3725 - ICICI Direct
Hold VST Industries Ltd For Target Rs.3725 - ICICI Direct
Source: ICICI Direct Ltd
15/11/2022 12:16:59 PM
Tobacco player VST logs 22% sales growth in Q2 Tobacco and cigarette manufacturer VST Industries registered a 22 per cent growth in sales and logged 15.4 per cent growth in net profit in the quarter ended September 30, 2022. The operating margin of the company stood at 21.1 per cent despite inflationary pressures that increased overall expenses considerably. The earning per share (EPS) for the quarter under review stood at Rs 59.7 as against Rs 51.7 for the corresponding quarter of the previous fiscal, marking a growth of 15.4 per cent...
Tobacco player VST logs 22% sales growth in Q2
Tobacco player VST logs 22% sales growth in Q2
Source: IANS
9/11/2022 9:09:11 AM
Add ITC Ltd For Target Rs. 400 - ICICI Securities Good all-round performance led by the ‘core’; reiterate ADD ITC (after several years) has been highlighting (since 1Q) a supportive macro translating to gains from illicit segment. Excerpt from ITC 2Q press release – “Stability in taxes on cigarettes, backed by deterrent actions by enforcement agencies, enable continued volume recovery from illicit trade”. We note that on volume recovery from illicit trade, in 1Q it said ‘green-shoots’ are visible ...
Add ITC Ltd For Target Rs. 400 - ICICI Securities
Add ITC Ltd For Target Rs. 400 - ICICI Securities
Source: ICICI Securities
27/10/2022 3:16:41 PM
Buy ITC Ltd For Target Rs.405 - ICICI Direct Splendid growth continues in cigarettes, FMCG About the stock: ITC is biggest cigarettes & second largest FMCG company in India with ~78% of market share in cigarettes & presence in staples, biscuits, noodles, snacks, chocolate, dairy products & personal care products. The company is also present in paperboard, printing & packaging business, agri & hotels businesses. * The company has more than 200 manufacturing facilities in India. It has a distribution reach o...
Buy ITC Ltd For Target Rs.405 - ICICI Direct
Buy ITC Ltd For Target Rs.405 - ICICI Direct
Source: ICICI Direct
26/10/2022 3:12:34 PM
Buy ITC Target Rs. 395 - JM Financial Institutional Securities When it rains, it pours ITC’s 2QFY23 report is as good as it gets – in a positive way. For yet another quarter, momentum in all the business segments moved in the same (right) direction. Strong volume growth of >20% in the cigarettes business was helped not only by increased socialising occasions post the pandemic but importantly, also by volume recovery from the illicit trade on the back of a stable taxation environment; of course, product innovations, enhanced accessibilit...
Buy ITC Target Rs. 395 - JM Financial Institutional Securities
Buy ITC Target Rs. 395 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
25/10/2022 2:06:29 PM
Add ITC Ltd For Target Rs. 400 - ICICI Securities ITC (after several years) has been highlighting (since 1Q) a supportive macro translating to gains from illicit segment. Excerpt from ITC 2Q press release – “Stability in taxes on cigarettes, backed by deterrent actions by enforcement agencies, enable continued volume recovery from illicit trade”. We note that on volume recovery from illicit trade, in 1Q it said ‘green-shoots’ are visible to now ‘continued volume recovery’. This is the single biggest ...
Add ITC Ltd For Target Rs. 400 - ICICI Securities
Add ITC Ltd For Target Rs. 400 - ICICI Securities
Source: ICICI Securities Ltd
21/10/2022 1:19:11 PM
Godfrey Phillips shines on executing agreement to sell Chewing business Godfrey Phillips India is currently trading at Rs. 1307.75, up by 14.25 points or 1.10% from its previous closing of Rs. 1293.50 on the BSE. The scrip opened at Rs. 1288.55 and has touched a high and low of Rs. 1318.75 and Rs. 1276.25 respectively. So far 6032 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1409.85 on 28-Oct-2021 and a 52 week low of Rs. 937.30 on 24-Feb-2022. Last one week high and low of the s...
Godfrey Phillips shines on executing agreement to sell Chewing business
Godfrey Phillips shines on executing agreement to sell Chewing business
Source: Accord Fintech
13/10/2022 2:45:43 PM
Hold VST Industries Ltd For Target Rs.3425 - ICICI Direct Focus remains on high priced cigarettes... About the stock VST Industries (VST) is cigarette company in India, involved in manufacturing, marketing cigarettes & trading of unmanufactured tobacco * The company has two cigarettes manufacturing facilities in Hyderabad, AP. It has five major brands which includes, ‘Total’, ‘Charms’, ‘Moment’, ‘Special’, & ‘Edition’ and a direct distribution reach of over 1.1 million outlets...
Hold VST Industries Ltd For Target Rs.3425 - ICICI Direct
Hold VST Industries Ltd For Target Rs.3425 - ICICI Direct
Source: ICICI Direct Ltd
8/10/2022 10:55:33 AM
Buy VST Industries Ltd For the Target Rs.4,048 - Centrum Broking Obsessed with innovation-penetration led growth We attended FY22 AGM for VST Industries to understand its future plans. Chairman said, despite a challenging year, VST delivered good performance in FY22 with revenue/PAT growing at 6%/3%. Importantly VST is committed to deliver long term sustainable growth through product innovation and not using cheap product quality to shore up volumes. Its strategy revolves around, (a) expanding direct coverage – 1.1mn, (b) focus on premium brand po...
Buy VST Industries Ltd For the Target Rs.4,048 - Centrum Broking
Buy VST Industries Ltd For the Target Rs.4,048 - Centrum Broking
Source: Centrum Broking Ltd
5/09/2022 1:02:04 PM
Smoking also leads to thicker, weaker hearts: Study It is well known that smoking causes blocked arteries, leading to coronary heart disease and stroke. A new study on Thursday warned that smoking also leads to thicker, weaker hearts. The researchers found that the more people smoked, the worse their heart function became. Some function was restored when people kicked the habit. "It means that smokers have a smaller volume of blood in the left heart chamber and less power to pump it out to the rest of the body. The more you smoke, t...
Smoking also leads to thicker, weaker hearts: Study
Smoking also leads to thicker, weaker hearts: Study
Source: IANS
25/08/2022 1:03:25 PM
ITC posts robust growth in revenues & profits surpassing pre-pandemic levels In spite of significant disruptions during the year, ITC posted robust growth in revenues and profits, surpassing pre-pandemic levels. ITC's consumer-centricity, agility in seizing market opportunities, focus on execution excellence and proactive strategic interventions enabled it to post robust growth. Overall for FY 2021-22, gross revenue at Rs 59,101.09 crore increased by 22.7 per cent, while EBITDA increased by 22 per cent to Rs 18,933.66 crore. Profit before tax at Rs 19,829.53...
ITC posts robust growth in revenues & profits surpassing pre-pandemic levels
ITC posts robust growth in revenues & profits surpassing pre-pandemic levels
Source: IANS
23/06/2022 7:58:29 AM
ITC rises on the BSE ITC is currently trading at Rs. 274.85, up by 2.10 points or 0.77% from its previous closing of Rs. 272.75 on the BSE. The scrip opened at Rs. 271.25 and has touched a high and low of Rs. 275.70 and Rs. 269.85 respectively. So far 529075 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 282.30 on 20-May-2022 and a 52 week low of Rs. 200.85 on 09-Jul-2021. Last one week high and low of the scrip stood at Rs. 275.60...
ITC rises on the BSE
ITC rises on the BSE
Source: Accord Fintech
6/06/2022 3:30:40 PM
Buy Godfrey Phillips India Ltd For Target Rs.1,498 - Centrum Broking Holding ground, Q4 cigarette volumes grew 12.8% Owing to challenging market conditions and receding Covid impact Godfrey Phillips (GP) saw sequential recovery; Q4FY22 revenue/EBITDA/PAT grew 3.6%/6.9%/8.9. Gross revenue for tobacco segment grew 2.8%, backed by 12.8% growth in cigarette volumes. Though nontobacco including TFS remained flat YoY, yet International business including unmanufactured tobacco grew 4-5%. Management said, Omicron disruptions led weak Jan, but Feb/Mar saw strong re...
Buy Godfrey Phillips India Ltd For Target Rs.1,498 - Centrum Broking
Buy Godfrey Phillips India Ltd For Target Rs.1,498 - Centrum Broking
Source: Centrum Broking Ltd
2/06/2022 11:57:19 AM
ITC gains on acquiring 10.07% shares of Blupin Technologies ITC is currently trading at Rs. 270.50, up by 1.35 points or 0.50% from its previous closing of Rs. 269.15 on the BSE. The scrip opened at Rs. 270.00 and has touched a high and low of Rs. 270.85 and Rs. 269.10 respectively. So far 19813 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 282.30 on 20-May-2022 and a 52 week low of Rs. 200.85 on 09-Jul-2021. Last one week high and low of the scrip stood at Rs. 282.00 ...
ITC gains on acquiring 10.07% shares of Blupin Technologies
ITC gains on acquiring 10.07% shares of Blupin Technologies
Source: Accord Fintech
30/05/2022 9:37:49 AM
Buy ITC Ltd For Target Rs.315 - JM Financial Services Well-positioned for value-creation; we cite three key drivers We see potential for ITC to reverse the long period of lacklustre performance. We cite government’s increasingly logical stance on tobacco taxation to be one key value driver for the stock going forward. To us, it’s not so much about tax-hike being skipped for one more year, but more about how the government is likely now able to better appreciate the legal industry’s logic that a punitive taxation regime on le...
Buy ITC Ltd For Target Rs.315 - JM Financial Services
Buy ITC Ltd For Target Rs.315 - JM Financial Services
Source: JM Financial Services Ltd
21/05/2022 10:44:59 AM
Buy ITC Ltd For Target Rs.308 - Yes Securities Strong all-round performance with normalization of cigarette volumes and solid FMCG growth; maintain BUY Our view ITC delivered a solid performance with another quarter of robust growth in cigarette volumes (~9%) which surpassed pre-Covid levels and now seems on growth trajectory, a steady 12% growth in FMCG business despite a high base with sequential improvement in margins, hotels business turning around and above expected growth in both the Agri (29% growth) and paperboards (32% grow...
Buy ITC Ltd For Target Rs.308 - Yes Securities
Buy ITC Ltd For Target Rs.308 - Yes Securities
Source: Yes Securities Ltd
19/05/2022 12:17:32 PM
ITC surges on reporting 12% rise in Q4 consolidated net profit ITC is currently trading at Rs. 273.80, up by 7.30 points or 2.74% from its previous closing of Rs. 266.50 on the BSE. The scrip opened at Rs. 264.20 and has touched a high and low of Rs. 279.15 and Rs. 263.00 respectively. So far 1364362 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 279.15 on 19-May-2022 and a 52 week low of Rs. 200.85 on 09-Jul-2021. Last one week high and low of the scrip stood at Rs. 267.6...
ITC surges on reporting 12% rise in Q4 consolidated net profit
ITC surges on reporting 12% rise in Q4 consolidated net profit
Source: Accord Fintech
19/05/2022 11:16:41 AM
Hold VST Industries Ltd For the Target Rs.3425 - ICICI Direct Losing market share with high competitive intensity About the stock VST Industries (VST) is a cigarette company in India, involved in manufacturing, marketing cigarettes & trading of unmanufactured tobacco * The company has two cigarettes manufacturing facilities in Hyderabad, AP. It has five major brands which includes, ‘Total’, ‘Charms’, ‘Moment’, ‘Special’, & ‘Edition’ and a direct distribution reach of over 1.1 mill...
Hold VST Industries Ltd For the Target Rs.3425 - ICICI Direct
Hold VST Industries Ltd For the Target Rs.3425 - ICICI Direct
Source: ICICI Direct
30/04/2022 10:04:55 AM
LKP Spade, Weekly Pick - Godfrey Phillips India Ltd For Target Rs.1230 - LKP Securities Godfrey Phillips India Limited * The stock after a steep correction is witnessing fresh momentum around the previous demand zone 1070-1050 levels. * The stock has surpassed its 200DMA in today's trading session with decisive volumes indicating the resumption of an uptrend. * The momentum oscillators are showing signs of reversal on the lower time frame which confirms the up move. Godfrey Phillips India Ltd BUY @ Rs. 1120-1110 Stop Loss Below Rs. 1059 CB Targ...
LKP Spade, Weekly Pick - Godfrey Phillips India Ltd For Target Rs.1230 - LKP Securities
LKP Spade, Weekly Pick - Godfrey Phillips India Ltd For Target Rs.1230 - LKP Securities
Source: LKP Securities Ltd
11/04/2022 11:28:31 AM
Buy ITC Ltd For Target Rs.270 - Emkay Global Good all-round performance ITC delivered a strong performance in Q3 with EBITDA growth of 18% to Rs51bn (7% beat). Net sales grew 33% (16%, excluding agribusiness), driven by 13.6% growth in cigarettes, 9% in FMCG and strong growth in Paper/Hotels. ITC saw an encouraging recovery in cigarette. Sales growth was largely led by volumes, which were above pre-Covid levels (sales 4% above Q3FY20). Cigarette margins rose 55bps, driving 14% growth in EBIT. FMCG performance, with sales/EBITDA gr...
Buy ITC Ltd For Target Rs.270 - Emkay Global
Buy ITC Ltd For Target Rs.270 - Emkay Global
Source: Emkay Global Financial Services Ltd
7/04/2022 2:30:26 PM
Hold ITC Ltd For Target Rs.260 - ICICI Direct Cigarette volume, paper surpass pre-Covid sales… About the stock: ITC is the biggest cigarettes & second largest FMCG company in India with ~78% of market share in cigarettes & presence in staples, biscuits, noodles, snacks, chocolate, dairy products & personal care products. The company is also present in paperboard, printing & packaging business with revenues of | 4549 crore, agri business with | 8001 crore The company has more than 200 manufacturing faciliti...
Hold ITC Ltd For Target Rs.260 - ICICI Direct
Hold ITC Ltd For Target Rs.260 - ICICI Direct
Source: ICICI Direct
28/03/2022 3:09:16 PM
Buy ITC Ltd For Target Rs.341 - Centrum Broking Business Overview ITC being a leader in the cigarette industry enjoys complete monopoly. It’s business is built around consumption categories such as cigarettes, staples and value add foods, personal care, value add paper, stationary, agri commodities and hotels The FMCG business continues to scale up; it is second largest listed player in India. Though policy makers are committed to cut tobacco consumption, the unpredicted tax incidences remains key over hang for the company.....
Buy ITC Ltd For Target Rs.341 - Centrum Broking
Buy ITC Ltd For Target Rs.341 - Centrum Broking
Source: Centrum Broking Ltd
24/02/2022 3:04:22 PM
ITC is both a top dividend-yielding and a growth stock The company has a good dividend-paying track record and has consistently declared strong dividends for the last 5 years. The company is also focussed on delivering growth. Diversified multi-business conglomerate ITC has remained an attractive dividend bet for investors, coupled with very promising long-term growth prospects across multiple business segments. For the current year, the ITC Board has recommended an Interim Dividend of Rs 5.25 per share (previous year Rs 5.00 per share) for th...
ITC is both a top dividend-yielding and a growth stock
ITC is both a top dividend-yielding and a growth stock
Source: IANS
23/02/2022 12:45:38 PM
Large Cap : Buy ITC Ltd For Target Rs.291 - Geojit Financial Supreme performance; Promising outlook ITC limited is a diversified conglomerate with presence in FMCG, Hotels, Paperboards & Specialty Papers, Packaging, and Agri-business. The company directly employs over 36,500 people across businesses. * Standalone revenue up 31.3% YoY to Rs. 16,634cr (+24.5% QoQ) in Q3FY22, led by strong performance across all operating segments. * EBITDA grew 18.2% YoY to Rs. 5,102cr, however EBITDA margin contracted 330bps YoY to 30.7% due to unprecedente...
Large Cap : Buy ITC Ltd For Target Rs.291 - Geojit Financial
Large Cap : Buy ITC Ltd For Target Rs.291 - Geojit Financial
Source: Geojit Financial Services Ltd
10/02/2022 11:21:31 AM
Buy ITC Ltd For Target Rs.295 - JM Financial Services Stage well-set: supportive tax regime, and now an earnings-beat ITC’s 3QFY22 earnings report was a positive surprise and delivered a kind of beat (4-5% on profits) that has not been seen for a long time now. Cigarette volumes and profits were both ahead of expectations with volumes (+12% yoy, as per workings; 2-year CAGR of 2%) now well-settled at pre-pandemic run-rate. Overall EBITDA grew 18.2% yoy during the quarter - Cigarettes EBIT +14.4%, Non-cigarettes EBIT +58.6%. With governm...
Buy ITC Ltd For Target Rs.295 - JM Financial Services
Buy ITC Ltd For Target Rs.295 - JM Financial Services
Source: JM Financial Services Ltd
9/02/2022 11:39:33 AM
Neutral ITC Ltd For Target Rs.245 - Motilal Oswal EBITDA in line; Cigarette volumes higher than expected * Revenue was higher than our expectations, led by outperformance in the Agri and Hotels businesses, but overall EBITDA and PAT was in line. * Among the internals, the positive surprise was the Cigarette volume growth of ~13%. We were expecting some disruption towards the end of 3QFY22 on account of the COVID-led restrictions beginning from the last fortnight of Dec’21. It is true that this growth was on a 7% volume decli...
Neutral ITC Ltd For Target Rs.245 - Motilal Oswal
Neutral ITC Ltd For Target Rs.245 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
5/02/2022 10:06:29 AM
Hold VST Industries Ltd For Target Rs.3425 - ICICI Direct Cigarettes volume nearly back to pre-Covid levels… About the stock VST Industries (VST) is among the oldest cigarette players in India, involved in manufacturing and marketing cigarettes as also trading unmanufactured tobacco. * The company has two cigarettes manufacturing facilities in Hyderabad, AP. It has five major brands, which includes, ‘Total’, ‘Charms’, ‘Moment’, ‘Special’, & ‘Edition’ and a direct distributi...
Hold VST Industries Ltd For Target Rs.3425 - ICICI Direct
Hold VST Industries Ltd For Target Rs.3425 - ICICI Direct
Source: ICICI Direct
25/01/2022 10:31:51 AM
Add ITC Ltd For Target Rs.250 - ICICI Securities Time to ADD - Macro & micro turning favourable We expect ITC (stock) to benefit from (1) expectation of Value (on current FCF profile basis) to outperform Growth/Expensive basket, (2) potential price hikes in cigarettes in the current inflationary environment (better consumer acceptance likely), (3) good underlying performance in the FMCG business along with higher profit (& EVA) focus, and (4) improving outlook for the hotels business (likely cyclical upturn). Besides, focus conti...
Add ITC Ltd For Target Rs.250 - ICICI Securities
Add ITC Ltd For Target Rs.250 - ICICI Securities
Source: ICICI Securities Ltd
20/01/2022 10:11:12 AM
Hold ITC Ltd For Target Rs.250 - ICICI Direct Outlines capital allocation path… About the stock: ITC is the biggest cigarettes & second largest FMCG company in India with ~78% market share in cigarettes & presence in staples, biscuits, noodles, snacks, chocolate, dairy products & personal care products. * The company is also present in paperboard, printing & packaging business with revenues of | 4549 crore, agri business with | 8001 crore * ITC has more than 200 manufacturing facilities in India. It has a ...
Hold ITC Ltd For Target Rs.250 - ICICI Direct
Hold ITC Ltd For Target Rs.250 - ICICI Direct
Source: ICICI Direct
21/12/2021 10:17:13 AM
Buy ITC ltd For Target Rs.345 - Centrum Broking Strategy refresh to build investor confidence In its first-ever analyst interaction, ITC showcased its strategy refresh focusing on ITCNext growth drivers for various business verticals. We believe such interactions are a step towards transparency and will enhance investor confidence. We note that its growth strategy has a lot of substance and will enable ITC to become a future-ready organization by banking on advanced technology and enhanced digital capability, driving growth as well as c...
Buy ITC ltd For Target Rs.345 - Centrum Broking
Buy ITC ltd For Target Rs.345 - Centrum Broking
Source: Centrum Broking Ltd
15/12/2021 5:01:38 PM
Buy ITC Ltd For Target Rs.270 - Emkay Global More transparent, agile and futureready ITC in its analyst meet highlighted its growth initiatives across divisions and is hopeful of delivering double-digit growth ahead. The company does not expect a major change in cigarette taxation and continues to target long-term improvement in FMCG margins, though it could be challenging in the near term due to high inflationary pressures. Management seems open to acquisitions in FMCG/IT and exploring unlocking potential at an opportune time, which...
Buy ITC Ltd For Target Rs.270 - Emkay Global
Buy ITC Ltd For Target Rs.270 - Emkay Global
Source: Emkay Global Financial Services Ltd
15/12/2021 12:49:02 PM
Neutral ITC Ltd For Target Rs.240 - Motilal Oswal A digitally integrated organization with synergy and sustainability at its core The management of ITC held an analyst meeting, which featured a comprehensive overview of each of its businesses provided by respective business heads and the senior management team. While there was nothing new to change our view on the prospects of its business as highlighted in our detailed note on the company in Nov’21, this move on the part of the management is highly appreciated as it enabled a forum...
Neutral ITC Ltd For Target Rs.240 - Motilal Oswal
Neutral ITC Ltd For Target Rs.240 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
15/12/2021 10:21:00 AM
Neutral ITC Ltd For Target Rs.240 - Motilal Oswal Muted Cigarette volumes; Other FMCG margin pressures weigh on ITC * Tapering in-home consumption and sharp commodity cost inflation could affect strong EBIT growth in the Other FMCG segment, preventing the contribution of Cigarettes in overall EBIT to decline much (likely to reduce to ~80% in FY23E which is still within its ten-year range of 80-86%). * Cigarette volumes for ITC and even other players globally have been on a declining trend, given the increased health consciousness among...
Neutral ITC Ltd For Target Rs.240 - Motilal Oswal
Neutral ITC Ltd For Target Rs.240 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
29/11/2021 12:54:15 PM
Hold ITC Ltd For Target Rs.260 - ICICI Direct Cigarette volumes closer to pre-Covid levels… About the stock: ITC is biggest cigarettes & second largest FMCG company in India with ~78% of market share in cigarettes & presence in staples, biscuits, noodles, snacks, chocolate, dairy products & personal care products. * The company is also present in Paperboard, printing & packaging business with the revenues of | 4549 crore, agri business with | 8001 crore * The company has more than 200 manufacturing facilit...
Hold ITC Ltd For Target Rs.260 - ICICI Direct
Hold ITC Ltd For Target Rs.260 - ICICI Direct
Source: ICICI Direct
20/11/2021 9:38:23 AM
Buy ITC Ltd For Target Rs.270 - Emkay Global Steady performance; stable tax policy remains key * Q2 performance was slightly ahead of estimates, with PAT growth of 14%. Cigarette sales/EBIT grew 10% yoy, recovering to 95% of pre-Covid levels. FMCG grew 3% yoy on high comparables (2-year CAGR 11%) and maintained 10% EBITDA margins. * Cigarette recovery appears healthy with exit volumes at near pre-Covid. A further increase in mobility and ITC’s initiatives on portfolio expansion should drive a healthy recovery. However, a sta...
Buy ITC Ltd For Target Rs.270 - Emkay Global
Buy ITC Ltd For Target Rs.270 - Emkay Global
Source: Emkay Global Financial Services Ltd
19/11/2021 11:20:45 AM
Buy ITC Ltd For Target Rs. 235 - Religare Broking Derivative Ideas ITC FUT has added around 1% in open interest as fresh long positions. Current chart pattern also indicates further upside levels in stock at around 236 levels. Strategy:- BUY ITC at 225-227, sloss at 219, trgt 235.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants a...
Buy ITC Ltd For Target Rs. 235 - Religare Broking
Buy ITC Ltd For Target Rs. 235 - Religare Broking
Source: Religare Broking Ltd
3/11/2021 11:49:10 AM
ITC posts strong quarter on all fronts ITC's 2Q FY22 was ahead of estimates with EBITDA and PBT growing 13 per cent year-on-year (YoY), Credit Suisse said in a report. Net cigarette revenue grew 10.3 per cent YoY as the recovery post the second Covid-19 wave has been rapid. Cigarette volumes were back to near pre-Covid levels towards the end of the quarter. Cigarette EBIT also grew 10.4 per cent YoY as margins were stable. FMCG business had a very high base due the surge in packaged foods in 2Q FY21, and thus revenue gro...
ITC posts strong quarter on all fronts
ITC posts strong quarter on all fronts
Source: IANS
30/10/2021 3:36:47 PM