Brokerages remain bullish on ITC. (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

FMCG heavyweight ITC Ltd. is set to announce its financial results for the September quarter on Thursday. Brokerages remain broadly constructive on ITC, driven by steady cigarette demand and gradual improvement in the FMCG business.

Brokerages expect commentary from FMCG companies to centre on the extent of GST-related trade disruption and its impact on volumes, particularly in rural markets. Analysts say demand normalisation, margin trends amid stable input costs, and early festive-season indicators will be key to assessing the recovery trajectory. Several companies are also expected to incur one-off GST transition costs, as they ran trade promotions to clear older, hig

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