ITC Q2 preview: Revenue from hotels biz may fall over 90%; FMCG to do well

Key monitorables include cigarette volume growth, outlook on hotel, and paper businesses.

ITC, the Kolkata-headquartered diversified conglomerate, is slated to announce its September quarter results (Q2FY21) on Friday, November 6. The company's revenue from the cigarette business is likely to reach up to 90 per cent of the pre-Covid levels; however, its hotel business will be the most adversely impacted due to the outbreak of coronavirus leading to a revenue dip of over 90 per cent. FMCG business, on the other hand, is estimated to do well on the back of both foods and personal care doing well, analysts say.

At the bourses, shares of ITC slipped nearly 12 per cent during