ITC Q4 Preview: Revenue to grow around 3% YoY; margins to contract

Brokerages anticipate ITC to report muted growth in revenue for the fourth quarter, results to be declared on May 23. According to various brokerage estimates, profit is likely to grow 3% year-on-year and the hotels business will continue to do well. In the preceding December quarter, ITC reported 6% growth in consolidated net profit to Rs 5,335 crore.