ITCbet Stock Review
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The cigarette maker’s sales rose 11 per cent in the quarter, led by strong demand for its new variants. “We are expanding our portfolio to differentiate our brand in the fast-changing market, where Gen-Z and Gen-X consumers have been driving growth,” Kaul told investors. He also added that the company is enhancing its distribution reach by opening up more channels. “Currently, ITC’s products are available at 7.1 million outlets across the country,” he said.
The company has also launched its own mobile application to attract customers, which has a user-friendly interface and is designed to be Itcbet easy to use. Users can sign up on the site with their social media accounts and access a variety of games, including slots and poker. The app can be downloaded to iOS or Android devices.
Besides these apps, ITC is also planning to expand its retail presence through the opening up of more stores and increasing the number of its wholesale partners. This will allow it to increase its revenue and improve customer loyalty. The company is also looking at demerger of its hotel business to unlock value, which will be beneficial for its shareholders.
ITC’s shares have gained after its earnings beat expectations, prompting analysts to upgrade their rating on the stock. They expect the company to deliver more consistent earnings in the coming years and a higher dividend payout. The conglomerate also has a solid balance sheet and has been able to manage its debt levels. Its cash flow is also expected to increase in the coming years, despite the ongoing investment in its e-commerce venture and retail business. Moreover, ITC’s business is diversifying and the recent acquisitions have helped the company grow its revenue. The company is well-positioned to benefit from a favourable macroeconomic environment and rising consumer demand for healthy food. The company is expected to deliver a profit of Rs 2.6 billion this fiscal, up from Rs 1.8 billion last year. Its operating margin is expected to expand to 29.2 per cent from 27.7 per cent in the previous fiscal.
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