Recovery in demand continued across segments as easing of restrictions lifted sentiments. ITC Revenue pie chart comparison of 2001-02 with 2019-2020. 19.16x. About ITC. from the last price of 207.80. The stock trades at a P/E of 13.0/10.5x FY21/22E EPS, which is ~20% discount to 5Y average. How good are your current hold decisions? Maintain BUY. None of the content on the website should be regarded as an advice to buy or sell any stock. Radico Khaitan:We continue to believe in quicker recovery in Radico. The beat in 1Q and gross margin expansion (~200bps) have led to our EPS estimate increasing by 13/10/9% for FY21/FY22/FY23. 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 founder has not engaged in market making activity for the subject company in the past twelve months. 207.80 10 each.... ITC Ltd.'s profit misses estimates, Q2 PAT declines 20% to Rs 3,232 cr Net sales fell 3.81% to Rs 11,098.24 crore in Q2 September 2020 over Q2 September 2019. - The founder/associates/relatives have not received any compensation for investment banking/merchant banking/brokerage services/other products & services from the subject company in the past twelve months. Despite the reduced growth divergence within categories, the divergence between urban and rural recovery continued to remain significant. 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. ABB India:We maintain SELL on ABB India Ltd. (ABB) with an increased target price of Rs 827/sh (42x), rolling forward to 2QCY22. ITC Hotels was named the Best Premier Hotel Brand at the Galileo-Express TravelWorld Awards 2008 & 2006. 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. for ITC Ltd. have an average target of 227.00. “Our salt is unique. 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. Ecomm will continue to gain pace as consumers remain wary about venturing into crowded MT stores. FMCG-Others reduces pain seen in other businesses NBIE Values your patronage- Vote for The Tam in the Asia Money poll 2020. Luxury Hotel Furniture Market to See Huge Growth by 2025. 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. 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. Hotels revenue dropped 8.4% YoY to Rs. volume would have declined by ~12% YoY (est. 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). 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. RoW markets grew 28.2% YoY to | 828 crore. 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 We believe that calculated cig. General Disclosures: It is based in the Hotels Division Headquarters at Kolkata, West Bengal. 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. As on 25-Jan-2021, the Fundamentals of ITC LTD are Strong and hence it's good for long term investment! 36.5% decline to Rs29bn) while the Adj. 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. - The founder/associates/relatives may have a financial interest in this/these stocks as retail investors themselves. (3 new), The Indian Railways Prime Lender Goes Public, RELIANCE INDUSTRIES LTD. - 500325 - Compliances-Reg. 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. Price to Earnings (PE) ratio. ITC generates revenue of 24,000 cr and Ebit of 16,000 cr. Three new hotels will be included in the recently renewed agreement represents an upside of 9.24% 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. With operations back on track and strong cash flows generation, the company is expected to fare better than its peers. Company Financial Data Source: Accord Fintech. We value ITC on SoTP and arrive at a target price of Rs 236 (implied P/E of 18x P/E Jun-22E EPS). However, we expect the divergence in demand to continue normalising and urban to bounce back, going forward. This press release was orginally distributed by SBWire. The company has invested heavily into FMCG, Agri-Business and Hotel business in the past 2 decades to diversify revenue streams. - Sell->Hold). volume decline). Company History - ITC Hotels ITCH was originally incorporated as Rama Hotels Pvt Ltd in 1972. Diversified conglomerate, ITC, will examine an “alternative structure” for its hotels business. It is sun-dried, natural sea salt,” Puri says. 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. Before investing, the user must check the correctness of the data at their own end. Zensar Technologies:We increase our P/E multiple to 12x (~8% discount to 5Y average) vs. 10x earlier. 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. What is the Financial Performance of Industry Peers of ITC LTD? List of Associates/Relatives: 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. Near Mall Road. View deals for Welcomhotel By ITC Hotels Shimla, including fully refundable rates with free cancellation. 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 … The user assumes the entire risk with respect to the use and results of such use. ITC has also entered the coffee and chocolates markets at the top-end luxury segments — via boutiques at ITC’s hotels and a few select malls. ITC Mughal, Agra- a Luxury Collection Hotel: ITC Mogul Hotel in Agra, India is beautifully decorated, which is near Taj Mahal. - Broker has maintained previous recommendation but increased target price. 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