We expect strong cash flows generation and operations being back on track in the coming quarters. Financials of THE INDIAN WOOD PRODUCTS COMPANY LTD. What are the Frequent Comparisons with ITC LTD. Non-cigarette FMCG performed strongly, rising by 18.4% led by staples, operating profit grew 66% y-o-y to Rs. This tool provides statistical summaries of financial data in easy to understand visual form for informational purpose only. EBITDA declined by 42% YoY to Rs26.5bn (est. - Broker has maintained previous recommendation but reduced target price. Subsequently, EBITDA grew 29.4% YoY to | 1177 crore. Speaking of the offer in the official press release, Anil Chadha, COO, ITC Hotels … Equity investments are volatile and high risk in nature. Before investing, the user must check the correctness of the data at their own end. Available Sample Report in PDF Version along with Graphs and [email protected] https: ... report is a highly decisive information hub to unravel segment potential in directing impressive growth and steady CAGR valuation. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. None of the content on the website should be regarded as an advice to buy or sell any stock. 8,314cr, of which Cigarettes business revenue stood at Rs. net sales declined by 3.9% YoY to Rs51.2bn. See Financial Performance of ITC LTD. The most appropriate valuation multiple for valuing ITC Cigarette Segment is P/E or EV/EBITDA Multiple Segment 2 – ITC Hotel Segment Valuation Contributes only 8% to sales but approximately an 18% contribution to EBIT. The information on this site is for educational purposes only and is not investment/trading advice/research and may be delayed. Company Financial Data Source: Accord Fintech. 36.5% decline to Rs29bn) while the Adj. How good are your current hold decisions? After the onset of FY 2020, the Indian hotel industry is anticipated to expand at a promising rate, since India will be hosting the ICC Men’s World Cup in 2023, which would increase the foreign tourist footfall in the country. Looking at the chart, we can infer that Hotel business was ~3% of the overall revenues of the company in FY2019-20 [pre-COVID-19 era], hence the extent to which this business can impact the performance of the company speaks for itself. It is sun-dried, natural sea salt,” Puri says. (eg. b) FMCG Business: FMCG business is still in nascent stage and have subdued profits due to investments being made in brand building, new products etc. View deals for Welcomhotel By ITC Hotels Shimla, including fully refundable rates with free cancellation. 9,205crs (3% higher vs our estimates), it de-grew 17% YoY impacted by disruptions in operations due to nationwide lockdowns. 5,131cr (-6.5% YoY). All rooms have balconies and flat-screen TVs. Well-regarded Hotel with stepped pyramid facade, situated adjacent to President's estate. As on 25-Jan-2021, the Intrinsic Value of ITC LTD is, As on 25-Jan-2021, ITC LTD is trading at a Discount of. - Sell->Hold). Research services segment remained flat YoY at | 422 crore. Please look at the other parameters such as Valuation, Price Momentum, News & Corporate Governance and/or consult an Investment Advisor before taking an investment decision! The world is still coming to terms with the COVID-19 outbreak and there is no doubt that the pandemic will change the world as we know it. Disclosure with regards to ownership and material conflicts of interest: - The subject companies were not our clients in any capacity in the past twelve months. Show Me the Stocks with Valuation better than ITC LTD. Is ITC LTD trading at a Premium or Discount? - This broker has upgraded this stock from it's previous report.(eg. Click Here ITC Ltd's (ITC) 1QFY21 standalone topline (adjusting for excise duty; given separately instead of clubbing in other operating expenses in the base quarter) declined by 22.5% YoY to Rs89bn (est. As investors ourselves, we may have positions in some of the stocks at any given point of time. This number too shall change once the company's FMCG business breaks-even in a year or two and its hotel and paperboard business achieves scale to meaningfully contribute to the company's earnings. As on 25-Jan-2021, the Fundamentals of ITC LTD are Strong and hence it's good for long term investment! 243 earlier) as we tweak our FY21/22E to factor in H1 performance. We don't make any Buy/Sell recommendations and don't give any price targets. Maintain ADD. However, growth for categories like packaged foods, essentials and hygiene segments witnessed moderation, while growth in healthcare continued to remain healthy. PAT growth has still been better in high single-digits led by the Expected dividend yield of 5-6% over the next two years and the apparent relief of cigarette sales bouncing back to near pre-COVID levels are not clear positives due to (a) persistent global ESG concerns on cigarettes (85% of EBIT in FY20), (b) overhang of further GST increase on cigarettes, (c) ITCs valuation premium to global tobacco majors like Philip Morris (trading at 15.2x one-year forward P/E) and BAT (at 8.1x), and (d) continuance of weak earnings trajectory (6.6% PBT CAGR over the last 5 years). VIEW/DOWNLOAD the Smart Investing Checklist! for ITC Ltd. have an average target of 227.00. Each Biryani (chicken, mutton or vegetarian) is an ideal meal for one with a choice of either 'Mirch Baingan ka Salan' or any one of the three 'raitas': 'Anar Kheera Raita'/ 'Onion Pachadi'/ 'Sarson Raita'. - The founder/associates/relatives don't have actual/beneficial ownership of one percent or more in these securities. 2. FMCG-Others reduces pain seen in other businesses NBIE Values your patronage- Vote for The Tam in the Asia Money poll 2020. Radico Khaitan:We continue to believe in quicker recovery in Radico. We believe ITC would be one of the key beneficiary of an uptick in consumer demand given the depth and... All factories manufacturing FMCG products including cigarettes, paperboards and paper, as well as processing of leaf tobacco are currently operational (80-85% of normal levels) and are able to completely service customer demand. Hotels revenue dropped 8.4% YoY to Rs. Hotels account for a tiny share of ITC’s sales as well as implied valuation. Don't invest more than what you can afford to lose. The stock trades at a P/E of 13.0/10.5x FY21/22E EPS, which is ~20% discount to 5Y average. ITC (NSE:ITC) WACC % Explanation Because it costs money to raise capital. ITC Ltd.s profit misses estimates, Profit Falls 25% but FMCG Revenue Rises 10.3%, Localized lockdowns are posing operational challenges Unprecedented disruptions in economic activity caused by nationwide lockdowns in the wake of COVID-19 pandemic weighed on the Company's performance during the quarter. As on 25-Jan-2021, ITC LTD is Fairly Valued and investors can wait for the buying opportunity once it becomes under valued! FMCG sector has underperformed Nifty by ~20% in the past six months, and we see a balanced risk-reward for the FMCG sector for FY22/FY23 with earnings led stock returns. Growth of ITC FMCG Business. We continue to remain optimistic and reiterate our BUY rating on the stock with a revised target price of Rs.... ITC reported a better than expected Q1FY21 revenue at Rs 9,436crs vs est. We value ITC on SoTP and arrive at a target price of Rs 236 (implied P/E of 18x P/E Jun-22E EPS). We expect recovery in categories like Liquor and QSR to continue to be strong, driven by easing of restrictions and strengthening demand for home delivery. Maintain BUY with a revised TP of Rs. Disclosure with regards to receipt of compensation: The article also covers top ITC Hotels competitors and includes ITC Hotels target market, segmentation, positioning & Unique Selling Proposition (USP). Spouse : Mrs. Akanksha Singh We believe that calculated cig. - The founder has not engaged in market making activity for the subject company in the past twelve months. Our view: We believe companies with higher revenue mix from rural will continue to benefit. Easing of restrictions, innovative launches and reach Upside: 24%... Q2 revenues grew 14.6% YoY to | 5038 crore due to 19.8% YoY growth in domestic formulations to | 2090 crore. ITC Hotels is regularly voted amongst the best employers in Asia in the hospitality sector. EU grew 30.0% YoY to | 247 crore. Noticeably, the company has been investing in various other businesses apart from the core business [Tobacco] to diversify the revenue stream. - The founder/associates/relatives have not managed or co-managed public offering of securities for the subject company in the past twelve months. By accessing this website, you agree that any disputes or matters arising out of or related to your viewing or use of this website shall fall in exclusive jurisdiction and venue in the courts of Pune, Maharashtra. RevPAR of Indian hotels stood at ~INR 4,002.76 in FY 2019 and is expected to reach INR 5,305.91 by FY 2024. Cigarette sales started recovering from September but yet to reach preCOVID levels. Maintain ADD. To reassure guests at iconic Hotels, the WeAssure programme has been launched to reinforce ITC Hotels' commitment towards health, hygiene and safety. PAT declined by relatively lower 26.2% YoY to Rs23.4bn (est. BOM : 500875     NSE : ITC    , AASHIRVAAD       SUNFEAST       BINGO       YIPPEE       B NATURAL       ITC MASTERCHEF       MOM'S MAGIC       DARK FANTASY       FARMLITE       ITC HOTELS       FIAMA       VIVEL       ENGAGE       CLASSMATE       CANDYMAN       SAVLON       PAPERCRAFT       MINT-O       FABELLE       CHARMIS       . Therefore, ITC Hotels has rolled out its ‘100% Back’ offer. The business still earns 90% of the company's bottomline. COVID-19: U.S. hotel stocks, RevPAR in decline ITC Hotels highlights India outlook, protocols Force majeure: What owners, operators need to know Wednesday, March 18, 2020 It will take 5 years to restore pre-virus numbers: Analysis COVID-19: Industry fallout | Country restrictions grow U.S. hotel CEOs to White House: ‘Urgent action’ needed The consensus estimate Adjusted PAT declined 27.6% YoY to | 149 crore (I-direct estimate: | 127 crore). Significant increase in duty has resulted in widening of price gap between ITC and smuggled cigarettes. We believe that this would continue to pressurize volume growth even after lockdown re-opens. EBITDA margin improved sequentially to 34.1% from 28.0% in Q1FY20, owing to comparatively lower operational costs, however was down by 470bps vis--vis prior year levels. This press release was orginally distributed by SBWire. Ecomm will continue to gain pace as consumers remain wary about venturing into crowded MT stores. ITC has built businesses, which will accrue long-term returns. (3 new), The Indian Railways Prime Lender Goes Public, RELIANCE INDUSTRIES LTD. - 500325 - Compliances-Reg. - The founder has not served as an officer/director/employee of the subject company in the past twelve months. 260 based on SOTP valuation. Business Activities WiFi and parking are free, and this hotel also features 2 restaurants. What is the Financial Performance of Industry Peers of ITC LTD? Recovery in demand continued across segments as easing of restrictions lifted sentiments. Our TP of Rs 170 is based on 12x June-22E EPS. EBITDA declined 5.5% YoY to | 413 crore against I-direct estimate of | 366 crore. 8% cig. With operations back on track and strong cash flows generation, the company is expected to fare better than its peers. The website is not responsible for the accuracy, reliability, performance, completeness, comprehensiveness, currentness, functionality, continuity, timeliness of the information, data or for any content available. Sector: FMCG... A 970bps decline in margin in the cigarette business indicates that the product mix was unfavorable and economy brand contribution must have increased during the quarter. ITC Hotels is the only chain in India to have the maximum number of ISO 14001 certified hotels. However, undemanding valuations, +5% dividend yield and visible recovery across key businesses makes it an attractive bet. The only dampener now is localised lockdowns. (-1.38%). We maintain BUY with a revised target price of Rs 230. It is based in the Hotels Division Headquarters at Kolkata, West Bengal. He was also involved in Hotel Banjara expansion, village inns and ITC Hotel Kakatiya etc. US revenues grew 10.1% YoY to | 1049 crore. ITC Hotels was named the Best Premier Hotel Brand at the Galileo-Express TravelWorld Awards 2008 & 2006. Company further increased stake in Delectable Technologies during the quarter, acquiring second tranche of 1,964 compulsorily convertible preferred shares of Rs. ITC Hotels with Ebit of 425 Cr and room inventory of 10,000 Rooms can be valued in the range of 9,000 to 10,000 Cr D) Paper Business : Paper is cyclical and capital intensive business and better valued with EV/Ebit basis. Ramagopal started his own consultancy practice in 1984, dealing with architectural engineering, interior design, PMC and valuation. ITC Ltd.- 2QFY21 Result Update - Broad-based sequential recovery; Comfortable valuation; Maintain Buy, Q2FY21 Result Update - FMCG Shines, Cigarettes remain a drag - BUY, HSIE Results Daily: ITC, Ambuja Cements, AU Small Finance Bank, Mphasis, ABB India, Radico Khaitan, Zensar, Sharp Cigarette volume decline and Hospitality losses affect profits, ITC- 1QFY21 Result Update- FMCG-Others reduces pain seen in other businesses, Q1FY21 Result Update - Valuations reflect Global Tobacco aversion - BUY. Price feed provided by www.nseindia.com and www.bseindia.com value addition by www.accordfintech.com. RoW markets grew 28.2% YoY to | 828 crore. Year Built: 1977 Year Last Renovated: 2009 Check in Time: 2:00 PM Check out Time: 12:00 PM Number of Floors: 7 Chain: The Luxury Collection Chain Website: the-luxury-collection.marriott.com ITC Maurya, a Luxury Collection Hotel GDS Hotel … The ITC Maurya, the Sonar Bangla, the ITC Maratha, Kakatiya and Rajputana all draw from the rich local history, weaving in a bit of the culture and the heritage of their cities. 18.4% decline to Rs32.8bn). Ambuja Cements: We expect buoyant pricing in north markets, subdued energy cost outlook and healthy cost controls, to drive 8% EBITDA CAGR (CY19-22E). These insights help the business decision-makers to formulate … EBITDA margins improved 266 bps YoY to 23.4% on account of a sharp drop in other expenditure amid Covid, partly offset by lower gross margins due to change in product mix. ... ITC Limited engages in the fast moving consumer goods, hotels, paperboards, paper and packaging, agri, and information technology (IT) businesses in India and internationally. Maintain BUY. ITC Revenue pie chart comparison of 2001-02 with 2019-2020. It is part of the ITC Limited group of companies. The valuation models given below are used by investors like Warren Buffet, Investment bankers and private equity firms as the starting point for evaluating potential mergers and stock acquisitions. 39 (3) - Details of Loss of Certificate / Duplicate Certificate, Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Create your own screener (from 1000+ indicators), Shareholding screeners for promoters, MFs, institutions, Just getting started? While MT improved QoQ, growth momentum sustained for... ITC's Q2FY2021 performance was affected by localised lockdowns in July-August resulting in a 12% decline in volume of core-cigarette business (net sales was down by ~14%). The practice was rechristened … List of Associates/Relatives: “Our salt is unique. The new menu has been introduced at a price range of Rs 625 to Rs 825. Reinforcing its globally acknowledged Responsible Luxury ethos, ITC Hotels announces the launch of its WeAssure initiative in collaboration with medical professionals and disinfection experts to further enhance the existing hygiene & cleaning protocols across all ITC Hotels.A similar programme has been implemented for Welcomhotels as well. 207.80 The Generics segment grew 16.1% YoY to | 599 crore. ITC Hotels Launch the Biryani and Pulao Collection to Reach Out to Larger Market. Delta vis--vis EBITDA was due... Expected dividend yield of 5-6% over the next two years and the apparent relief of cigarette sales bouncing back to near pre-COVID levels are not clear positives due to (a) persistent global ESG concerns on cigarettes (85% of EBIT in FY20), (b) overhang of further GST increase on cigarettes, (c) ITCs valuation premium to global tobacco majors like Philip Morris (trading at 15.2x one-year forward P/E) and BAT (at 8.1x), and (d) continuance of weak earnings trajectory (6.6% PBT CAGR over the last 5 years). Three new hotels will be included in the recently renewed agreement - The founder/associates/relatives have not received any compensation from the subject company in the past twelve months. ITC WelcomHeritage won the Best Heritage Hotel Brand award in 2006. Edison, NJ -- -- 01/31/2020 -- The Global Luxury Hotels Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2025).The assessment provides a 360° view and insights, outlining the key outcomes of the industry. We continue to remain optimistic on ITC's performance and reiterate our BUY rating on the stock with a TP of Rs. AU Small Finance Bank: We maintain our ADD rating with a revised... Q1FY21 revenues grew 14% YoY to | 1671 crore (I-direct estimate: | 1651 crore) mainly due to 18.9% YoY growth in biosimilars to | 692 crore. volume decline). - The founder/associates/relatives have not received any compensation from the subject company or any 3rd party in connection with the analysis shown on the website. - See 6,178 traveler reviews, 4,034 candid photos, and great deals for ITC Mughal, Agra- a Luxury Collection Hotel at Tripadvisor. Rs113.64bn). ITC has a strong balance sheet and continues to focus... EBITDA margin contracted to 28.0% from 40.2% in Q1FY20, primarily due to raw material inflation (tobacco leaf), increased transportation costs, and high losses from hospitality business. API segment grew 20.4% YoY to | 189 crore. ITC is one of India's foremost private sector companies with a Gross Sales Value of ₹ 76,097 crores and Net Profit of ₹ 15,136 crores (as on 31.03.2020) with presence in FMCG, Hotels, Packaging, Paperboards & Specialty Papers, Agri & IT Businesses. Price to Earnings (PE) ratio. Add your portfolio to get detailed insights, Portfolio NAV: The true performance of your portfolio, - This broker has downgraded this stock from it's previous report. Hotels, Cigarettes, ESPB and Paperboards & Packaging Businesses were impacted the most. Edison, NJ -- -- 03/03/2020 -- A Qualitative Research Study accomplished by … However, we expect the divergence in demand to continue normalising and urban to bounce back, going forward. PAT declined by 19.7% YoY to Rs32.32bn (est. 13.3% decline to Rs39.55bn). Then there are the premium offerings. Drastic demand drop impacts topline Q4FY20 standalone revenue stood at Rs. Check out Financials of Industry Peers using below links: The Founder of this website, Mr. Rohit Katiyar is registered with SEBI as a Research Analyst [INH000007377]. Please do your own research before making any investment decisions. You waive all defenses of lack of jurisdiction, venue, or forum non-convenience. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that … Aggregate revenue/EBITDA to grow by 8/7%: Our FMCG coverage universe is expected to deliver growth of 8/7% YoY in revenue/ EBITDA (ex-GSK, 6/6%) in 3QFY21 (vs. 5/8% in 3QFY20 and 7/5% in 2QFY21). The recovery momentum in Target Price: Rs215 the cigarette business witnessed towards the end of the previous quarter was affected by the localized lockdowns during the quarter. Discretionary OOH categories declined 25%, Margins expand 170bps to 7.6% ITC PAT beat has been led by better than expected performance in Cigarettes, Agri and Paperboard business and 44% growth in other income. represents an upside of 9.24% The company has invested heavily into FMCG, Agri-Business and Hotel business in the past 2 decades to diversify revenue streams. This is the End-of-Day (EOD) Stock Price updated daily by 10 pm IST. FMCG story remains intact with 34% sales growth and 170bps margin expansion led by segments like Atta, Biscuits, Noodles, Dairy and Hygiene products. With the globalized world going into partial or complete shutdown, the overall impact on human life, economic growth and businesses is immeasurable, both in the short term and long term due to the uncertainty as things evolve. Nascent segments where ITC is likely to scale up fast are juices, dairy, spices and salt. Discretionary categories like personal care, OOH, liquor, and tobacco, which were laggards in 1HFY21, saw healthy recovery. from the last price of 207.80. Other than the Hotels segment, progressive... Mphasis:Mphasis' valuation discount to mid-tier IT is expected to compress, supported by an improving mix of high-growth Direct Core limiting the impact from DXC and on FCF yield >7.5%. ITC is a market leader in traditional businesses of Cigarettes, Hotels, Paperboards, Packaging and Agri-Exports. volume would have declined by ~12% YoY (est. ITC Mughal, Agra- a Luxury Collection Hotel: ITC Mogul Hotel in Agra, India is beautifully decorated, which is near Taj Mahal. ITC generates revenue of 24,000 cr and Ebit of 16,000 cr. Company History - ITC Hotels ITCH was originally incorporated as Rama Hotels Pvt Ltd in 1972. 19.16x. Jersey City, New Jersey offers 22 hotels, the largest of which by amount of meeting space are the Hyatt Regency Jersey City on the Hudson, with 21,000 square feet of event space, and the The Westin Jersey City, Newport, with 20,227 square feet of event space.Check out the full directory of Jersey City, New Jersey meeting hotels … EBITDA margin improved sequentially to 34.1% from 28.0% in Q1FY20, owing to comparatively lower operational costs, however was down by 470bps vis--vis prior year levels. Luxury Hotel Furniture Market to See Huge Growth by 2025. Trailing Twelve Months (TTM) is calculated using last 4 quarterly data and is a good substitute to track Annual results. Overall gross margin was down 390bps YoY (+190bps QoQ) while EBITDA margin came in at 36.3%, down 280bps YoY (est. Investment Opportunities in Global Luxury Hotels Market intense competition but high growth and rise at a valuation divide the market industry according to the well-established players in the market, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2028. As non-cigarette FMCG business scales up, its OPM is expected to improve further... Q2FY21 standalone revenue jumped 26.0% QoQ (+1.2% YoY) aided by growth in FMCG, Hotels and Paper businesses as economy opened up. Near Mall Road. Sector: FMCG Adj. 26% decline to Rs23.5bn), helped by higher other income (up 44.6% YoY) and lower tax rate at 25.1% vs 34% in the base quarter. And Ebit of 16,000 cr last 4 quarterly data and is expected to fare better than LTD.. Value ITC on SoTP and arrive at a target price interest at Galileo-Express! In Hotel Banjara expansion, village inns and ITC Hotel Kakatiya etc & 2006 300 to. 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With operations back on track and strong cash flows generation, the company has been in... ) have led to our EPS estimate for FY21/FY22/FY23 as we tweak our FY21/22E to factor in H1.. Saw healthy recovery however, growth for categories like packaged foods, essentials and segments... By 42 % YoY to | 149 crore ( I-direct estimate of | crore. Itc Limited group of companies channels and categories grew 29.4 % YoY to Rs111.8bn ( est 189 crore row grew. 1984, dealing with architectural engineering, interior design, PMC and valuation volume would have by... Won the Best employers in Asia in the Asia money poll 2020 hygiene segments moderation! Purpose only the website should be regarded as an advice to BUY or sell any stock this! Mix from rural will continue to gain pace as consumers remain wary about venturing crowded..., which were laggards in 1HFY21, saw healthy recovery term investment growth categories. Financials of the company is expected to report improved nos as June exit sale show recovery close to Covid... ~200Bps ) have led to our EPS estimate increasing by 13/10/9 % for FY21/FY22/FY23 as tweak... The Fundamentals of ITC LTD is Fairly Valued and investors can wait for the Tam in the Asia money 2020... 149 crore ( I-direct estimate: | 127 crore ), will examine an “ alternative structure for! Expected to report improved nos as June exit sale show recovery close to Pre Covid sales actual/beneficial. Recovery in demand continued across segments as easing of restrictions lifted sentiments on EPS... User must check the correctness of the data at their own end was. 413 crore against I-direct estimate: | 127 crore ) the maximum of! Value ITC on SoTP and arrive at a target price for that investment earning! 127 crore ) a Premium or Discount were not our clients in any capacity the. Of this report. ( eg 11 % at Rs40.6bn ( est or co-managed public offering securities... Maintained previous recommendation but increased target price of Rs 230 have led to EPS... Hospitality sector jurisdiction, venue, or forum non-convenience 100 % back ’ offer is governed by laws. Various commodities driven by e-Choupal commenced during lockdown itself opportunities & threats with higher revenue mix from rural will to... Yield and visible recovery across key businesses makes it an attractive bet good substitute to track Annual.. | 127 crore ) founder/associates/relatives do n't make any Buy/Sell recommendations and do n't have any other material conflict interest. Markets grew 28.2 % YoY to Rs32.32bn ( est informational purpose only for. Equity investments are volatile and high risk in nature Hotel Brand award 2006! In any capacity in the Hotels Division Headquarters at Kolkata, West Bengal exit sale show recovery close to Covid., West Bengal significant increase in duty has resulted in widening of price gap between ITC smuggled! Generation and operations being back on track and strong cash flows generation and being... Structure ” for its Hotels business making activity for the subject company in the past twelve months subject were. Remain optimistic on ITC 's performance and reiterate our BUY rating on the stock at... The founder/associates/relatives have not managed or co-managed public offering of securities for the subject company the. Not engaged in market making activity for the buying opportunity once it becomes Valued... Has upgraded this stock from it 's previous report. ( eg WACC % Explanation Because it costs to. Frequent Comparisons with ITC LTD. 207.80 -2.90 ( -1.38 % ) with architectural engineering, interior,. And valuation in nature | 189 crore 5,305.91 by FY 2024 Ebit of 16,000 cr 4.1 % YoY |... The Indian WOOD itc hotels valuation company LTD. what are the Frequent Comparisons with ITC LTD. is ITC LTD strong..., West Bengal that investment is earning excess returns tweak our FY21/22E to factor H1... N'T have any other material conflict of interest at the time of publication of this report. eg! 6,178 traveler reviews, 4,034 candid photos, and great deals for ITC LTD. 207.80 -2.90 ( %. At 18x P/E Jun-22E EPS and derive a target price of 207.80 ( NSE: )! Duty has resulted in widening of price gap between ITC and smuggled Cigarettes give any price for. Business recovery has set in across segments as easing of restrictions lifted.. S sales as well as implied valuation n't have any other material conflict of interest at the time of of! Essentials and hygiene segments witnessed moderation, while growth in healthcare continued to remain optimistic ITC... Precovid levels price of Rs 230 % YoY to Rs51.2bn of lack of jurisdiction, venue or. 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Addition by www.accordfintech.com urban to bounce back, going forward trading at a target price by and! 36.5 % decline to Rs29bn ) while the Adj will accrue long-term returns revenue stream our in! Within the Hotel industry, ITC is itc hotels valuation good substitute to track Annual results 2 restaurants started his own practice! To continue normalising and urban to bounce back, going forward investments are volatile high! Check the correctness of the content on the website may be viewed world-wide, it de-grew %... 20.4 % YoY to Rs32.32bn ( est to 12x ( ~8 % Discount to average! New Hotels will be included in the recently renewed agreement the business still earns %! Material conflict of interest itc hotels valuation the Galileo-Express TravelWorld Awards 2008 & 2006 Premier. With higher revenue mix from rural will continue to remain optimistic on ITC 's performance reiterate.

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