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The Economic Times

Veer Sharma

ITC shares fall 2% after Q4 results. What Goldman Sachs, Morgan Stanley and others are saying?

ITC Goldman Sachs Morgan Stanley FMCG Nomura

Shares of cigarette maker ITC fell 2% to their day’s low of Rs 303 on the BSE on Friday despite reporting a 5% year-on-year rise in standalone net profit for the March quarter at Rs 5,113 crore, compared with Rs 4,875 crore in the corresponding period last year.

Revenue from operations rose 17% year-on-year to Rs 21,695 crore from Rs 18,495 crore a year ago. Profit before tax increased 4% to Rs 6,694 crore, while total expenses climbed to Rs 15,656 crore from Rs 12,873 crore in Q4FY25.

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