' 29 ' subscriber features found. Displaying results 1 - 10
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ITC: Robust all round performance 
(Jul 23, 2010)
ITC Limited has announced its 1QFY11 results. The company has reported a 15.5% YoY and 21.8% YoY growth in sales and net profits respectively. Here is our analysis of the results.
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ITC: Cigarettes boosts top line
(May 21, 2010)
ITC Limited has announced its FY10 results. The company has reported a 16.3% YoY and 24.4% YoY growth in sales and net profits respectively. Here is our analysis of the results.
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ITC: Cigarette business boosts growth
(Jan 22, 2010)
Top line grows by 19% YoY in 3QFY10 bolstered by a strong growth in cigarettes business.
Operating profits grow at a higher rate of 24% YoY as the company achieves scale in its FMCG business.
Net profit margins come in higher at 25%, an increase of 1.6% over 3QFY09. This growth was aided by higher operating income as well as other income.
Bottomline grows 24% YoY during 9mFY10 on the back of higher profitability in the FMCG, agri and paper and paperboard businesses.
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ITC: Cigarettes stand rock solid
(Oct 23, 2009)
Topline grows nearly 13% YoY during the quarter led by strong performance of the cigarettes division
Operating profits grow at a higher rate of 31% YoY as the company manages to trim costs and expand its margins by nearly 500 basis points
Net profit growth pulls back a bit and comes in at 26% YoY on the basis of jump in interest costs and lower other income
Half yearly bottomline grows by 22% YoY on the back of a 9% growth in topline
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ITC: Volume growth disappoints
(Oct 15, 2009)
In this article, we discuss the performance of ITC’s cash cow businesses, cigarette and tobacco during FY09.
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ITC: Agri business profitability improves
(Oct 12, 2009)
In this article, we discuss the performance of the agri commodity business, one of the important divisions of ITC during FY09.
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ITC: Hotel business up in smoke
(Jul 23, 2009)
Net sales increase by 5% YoY on the back of 23% YoY growth in sale of cigarettes and 16% YoY growth on sales from the paperboard, paper and packaging business. However, this was offset by a decline of 49% YoY and 28% YoY in sales from the agri and hotels businesses respectively.
Operating (EBITDA) margins increase to 34% in 1QFY10, from 30% for 1QFY09. This improvement comes due to a drop in cost of goods sold which fell from 46% of sales in 1QFY09 to 39% this quarter.
Net profit grew by 17% YoY while net profit margins increased from 19% in 1QFY09 to 21% in the current quarter.
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ITC: Diversification saves the day
(May 22, 2009)
For the full year, sales improve by 10% YoY. A 16% YoY growth in the FMCG portfolio (cigarette and non cigarette) coupled with a growth of 23% YoY in the paperboard division leads to the growth.
The operating margins remain stable at 32% during FY09.
Higher interest costs (up nearly 300% YoY) and depreciation charges coupled with lower other income (down 10% YoY) leads to the muted 4.6% YoY growth in the bottomline.
The Board declares a dividend of Rs 3.7 per share (dividend yield of 2%).
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ITC: Tough times ahead
(Jan 19, 2009)
Topline grows by 10% YoY during 3QFY09 and by 15% YoY in 9mFY09.
Operating margins drop from 35.8% in 3QFY08 to 35.7% in 3QFY09. For the 9 month period they drop from 34.4% in 9mFY08 to 32.2% in 9mFY09.
Lower margins coupled with higher interest expenses and lower other income restricts the bottomline growth to 4% YoY during the quarter.
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ITC: Mixed performance
(Oct 24, 2008)
Topline grows by 16.4% YoY during the quarter. The topline for half year period jumps 17.5% YoY
Operating margins for the quarter declines by 1.1%, while the margins for 1HFY09 are down 3.1%.
Lower margins coupled with higher interest and lower other income restricts the bottomline growth to 4% YoY during the quarter.
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