ITC Hotels, Ceat Among Names Reporting Q1 Results Today
ITC Hotels is estimated to post Rs 925 crore revenue and Rs 162.6 crore profit at a 30.25% EBITDA margin. Ceat is seen at Rs 4,348.5 crore revenue and Rs 96 crore profit. Heritage Foods, Wipro, Tech Mahindra, BHEL and others also report Q1 FY numbers.
Q1 FY earnings estimates released ahead of July 16 results. ITC Hotels expected at Rs 925 crore revenue and Rs 162.6 crore profit; Ceat and Heritage Foods among consumer-facing names also reporting alongside IT and finance firms.
Why this matters
Follows the Q1 preview projecting ITC Hotels profit up 22% to Rs 162.6 crore, after the July 16 board meet was set and the ITC demerger of hotels amid BAT's exit.
Retail-company signals accelerating, up 816600% QoQ.