Retail in Asia

In Sectors

FMCG boost for India’s ITC

While the outlook remains healthy, the threat of a spike in duties on cigarettes could act as an overhang for the stock.

ITC has done it again. After delivering better-than-expected results for the June quarter, the company has reported higher-than-estimated numbers for the September quarter too.

The numbers were driven by good performance of cigarettes, FMCG (others) and agri segments, and improvement in margins across a majority of businesses.