BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
The management of ITC Ltd. 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 ITC in November 2021, this move on the part of the management is highly appreciated as it enabled a forum to discuss the progress and concerns in each segment.
Demand recovery in cigarettes after the second Covid-19 wave has been much faster versus the first wave, with demand returning to pre-pandemic levels.
Improving margin in other fast moving consumer goods is expected to be a challenge this fiscal (flat in H1 FY22 over FY21 levels) because of steep material cost inflation, but the same is likely to resume in subsequent years.
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