Doomsayer’s predicted Cigarettes is a dying business and ITC clocks 13% volume growth in its Cigarettes business.
ITC is:
Number one cigarette company
Second largest FMCG
Largest agri commodity exporter
Number one paper company
Number one packaging company
Second largest hotel chain
Best supply chain in the country
Profitable IT company
Fantastic Result:
ITC Q3 results: Profit rises 12.7% YoY to Rs 4,156.20 crore, revenue jumps 32.5%.
The company also announced an interim dividend of Rs 5.25 per share.
ITC Major Revenue Sources :
1) Cigarettes – Rs 212.02B
2) FMCG – Rs 128.44B
3) Agri Business – Rs 102.41B
4) Paper & Packaging – Rs 61.07B
5) Hotel- Rs 18.37B
ITC Infotech margin of 27.5% is industry leading margin. Even TCS, Infy don’t have such high margins.
ITC’s FMCG business:
Segment EBITDA up 46% over Q3 FY20; EBITDA margin at 9.1% (+140 bps Vs. Q3 FY20; -50 bps YoY) in spite of unprecedented inflation in commodity prices.
Given what others FMCG players have faced, commendable.
My Investment Notes 