VERIFIEDET Stocks·20 May 2026neutral

ITC Q4 preview: Will cigarette slowdown, tax hit weigh on earnings despite FMCG strength?

AI Summary

·ITC's Q4 earnings are anticipated to be muted due to flat cigarette volumes and increased taxes impacting margins.
·The FMCG business is expected to show strong double-digit growth.
·Brokerages predict marginal revenue growth, pressure in agri and paper segments, and a contraction in EBITDA.