{"id":948,"date":"2021-06-09T16:22:31","date_gmt":"2021-06-09T10:52:31","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=948"},"modified":"2021-06-09T16:22:33","modified_gmt":"2021-06-09T10:52:33","slug":"itcs-margins-to-improve-changing-consumer-behavior-to-drive-demand-stock-may-surge-20","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/itcs-margins-to-improve-changing-consumer-behavior-to-drive-demand-stock-may-surge-20\/","title":{"rendered":"ITC\u2019s margins to improve, changing consumer behavior to drive demand; stock may surge 20%"},"content":{"rendered":"\n

ITC reported a strong uptick in revenue, across segments during the January-March quarter as demand recovery aided the topline performance. The performance of the FMCG-to-hospitality is expected to get better going forward, improving margins of the company, domestic brokerage firm Geojit Financial Services said. \u201cWith constant focus on innovation and improving product mix, ITC is well-placed to capture demand across segments,\u201d the brokerage firm said while maintaining a \u2018Buy\u2019 rating on the stock. Currently, ITC trades at Rs 212 per share, down 0.61% on Wednesday.<\/p>\n\n\n\n

All segments of ITC saw strong on-year growth in revenue during the January-March quarter, except hotels. Standalone revenue was up 24.1% from the previous year to Rs 14,023 crore on account of robust recovery across all the segments boosted by increased demand for discretionary products, analysts at Geojit Financial Services said.<\/p>\n\n\n\n

Changing consumer preferences to help FMCG biz<\/strong><\/p>\n\n\n\n

Going forward, the brokerage firm expects ITC\u2019s FMCG business to continue witnessing the growth momentum. \u201cIntegration of Sunrise Foods should help ITC focus on value-adding niche products which further enables margin expansion for this segment,\u201d the report said.<\/p>\n\n\n\n

The FMCG business of ITC, according to analysts at Gejoit Financial services, will also benefit from the changing consumer buying preferences from private labels to branded ones. \u201cThis shift in behaviour could largely be attributed to increased concerns over hygiene and safety in the current pandemic scenario. ITC is well-positioned to benefit from this opportunity with adequate inventory levels, coupled with rapid expansion on outlet and stockists front to capture demand going forward,\u201d they added.<\/p>\n\n\n\n

Over 20% upside potential<\/strong><\/p>\n\n\n\n

So far this year, ITC\u2019s share price has traded flat, hovering around Rs 212 levels. \u201cSteady topline growth along with improved margins going forward should help reduce its operational leverage, further boosted by its ability to implement structural changes in its value chain,\u201d the report said. Geojit Financial Services has a target price of Rs 256 per share on ITC, translating to 20% upside from current levels.<\/p>\n\n\n\n

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ITC reported a strong uptick in revenue, across segments during the January-March quarter as demand recovery aided the topline performance. The performance of the FMCG-to-hospitality is expected to get better going forward, improving margins of the company, domestic brokerage firm Geojit Financial Services said. \u201cWith constant focus on innovation and improving product mix, ITC is well-placed to capture demand across segments,\u201d the brokerage firm said while maintaining a \u2018Buy\u2019 rating on the stock. Currently, ITC … Continue reading “ITC\u2019s margins to improve, changing consumer behavior to drive demand; stock may surge 20%”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":672,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,210,75,158,166,311,228,227,103,254,102,224,257,298,300,101,373,105,301,165,327,329,76,77,78,79,247,347,365,356,308,358,361,355,353,352,350,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,232,231,250,374,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,145,14,11,150,153,120,9,271,190,191,13,18,8,10,269,148,151,146,25,285,27,21,194,50,229,226,124,33,253,126,225,119,20,28,49,127,121,230,295,22,113,29,245,357,309,310,351,213,26,182,111,130,31,62,30,42,57,112,343,321,186,169,56,171,64,132,206,59,53,264,128,43,51,32,187,35,55,44,270,288,196,47,37,195,45,39,40,203,38,143,152,129,142,46,63,67,61,65,234,71,235,54,256,117,233,68,287,193,241,335,205,66,204,70,109,259,221,291,274,222,163,69,58,342,239,208,114,178,181,179,180],"class_list":["post-948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-investment","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-telegram-channel","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-intraday-tips-provider-in-india","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-option-trading-telegram-channel","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-sebi-registered-telegram-channel","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-best-stock-tips-provider-in-telegram","category-eqwires-best-stock-tips-provider-on-telegram","category-eqwires-genuine-stock-tips-provider","category-eqwires-high-accuracy-stock-tips-provider","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","ca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