: RELIANCE, YESBANK, News by Trendlyne View deals for Welcomhotel By ITC Hotels Shimla, including fully refundable rates with free cancellation. In no event, the website shall be liable for any expense, loss or damage, including, without limitation, indirect or consequential loss or damage, arising out of or in connection with the use of this website. However, growth for categories like packaged foods, essentials and hygiene segments witnessed moderation, while growth in healthcare continued to remain healthy. ITC WelcomHeritage won the Best Heritage Hotel Brand award in 2006. Significant increase in duty has resulted in widening of price gap between ITC and smuggled cigarettes. MUMBAI: International hotel chains Marriott, Starwood, Carlson Rezidor and InterContinental Hotel Group are scaling up the number of properties in India by 2020, moving faster than their local rivals, widening their presence to strengthen their negotiating position with online travel agencies and take on new age disruptors such as Airbnb. Complete Disclaimer - This broker has upgraded this stock from it's previous report.(eg. We value ITC on SoTP and arrive at a target price of Rs 236 (implied P/E of 18x P/E Jun-22E EPS). - The founder/associates/relatives don't have actual/beneficial ownership of one percent or more in these securities. Radico Khaitan:We continue to believe in quicker recovery in Radico. We continue to remain optimistic on ITC's performance and reiterate our BUY rating on the stock with a TP of Rs. Speaking of the offer in the official press release, Anil Chadha, COO, ITC Hotels … 2. EBITDA margins contracted 512 bps YoY to 24.7% (I-direct estimate: 22.2%) mainly due to lower gross margins and higher R&D; costs. - The subject companies were not our clients in any capacity in the past twelve months. The article also covers top ITC Hotels competitors and includes ITC Hotels target market, segmentation, positioning & Unique Selling Proposition (USP). In 1974, the Company acquired a 4-acre plot of land from … 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? Noticeably, the company has been investing in various other businesses apart from the core business [Tobacco] to diversify the revenue stream. The beat in 1Q and gross margin expansion (~200bps) have led to our EPS estimate increasing by 13/10/9% for FY21/FY22/FY23. ITC: We maintain our EPS estimate for FY21/FY22/FY23 as we expect a recovery in the company 2HFY21 onwards. Disclosure with regards to ownership and material conflicts of interest: To reassure guests at iconic Hotels, the WeAssure programme has been launched to reinforce ITC Hotels' commitment towards health, hygiene and safety. ITC Hotels is India's third largest hotel chain with over 100 hotels. (eg. It is part of the ITC Limited group of companies. The company has invested heavily into FMCG, Agri-Business and Hotel business in the past 2 decades to diversify revenue streams. This press release was orginally distributed by SBWire. Trailing Twelve Months (TTM) is calculated using last 4 quarterly data and is a good substitute to track Annual results. 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. ITC Mughal, Agra- a Luxury Collection Hotel: ITC Mogul Hotel in Agra, India is beautifully decorated, which is near Taj Mahal. - See 6,178 traveler reviews, 4,034 candid photos, and great deals for ITC Mughal, Agra- a Luxury Collection Hotel at Tripadvisor. The information on this site is for educational purposes only and is not investment/trading advice/research and may be delayed. 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). Ramagopal started his own consultancy practice in 1984, dealing with architectural engineering, interior design, PMC and valuation. 9,205crs (3% higher vs our estimates), it de-grew 17% YoY impacted by disruptions in operations due to nationwide lockdowns. - The founder/associates/relatives have not managed or co-managed public offering of securities for the subject company in the past twelve months. The user assumes the entire risk with respect to the use and results of such use. Before investing, the user must check the correctness of the data at their own end. 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. : Walkthrough for screener creation, backtesting, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), New superstar addition: Sunil Singhania's Abakkus. API segment grew 20.4% YoY to | 189 crore. Price feed provided by www.nseindia.com and www.bseindia.com value addition by www.accordfintech.com. ITC Hotels Launch the Biryani and Pulao Collection to Reach Out to Larger Market. 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. Rs113.64bn). 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. Ecomm will continue to gain pace as consumers remain wary about venturing into crowded MT stores. 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. Although the website may be viewed world-wide, it is governed by the laws of India. 1. 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. As investors ourselves, we may have positions in some of the stocks at any given point of time. Event Space & Hotels in Jersey City, New Jersey. 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. However, undemanding valuations, +5% dividend yield and visible recovery across key businesses makes it an attractive bet. 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. Near Mall Road. 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. We believe that calculated cig. 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. What is the Financial Performance of Industry Peers of ITC LTD? ITC is a market leader in traditional businesses of Cigarettes, Hotels, Paperboards, Packaging and Agri-Exports. (-1.38%). - 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. ITC Ltd's (ITC) 2QFY21 standalone topline (adjusting for excise duty) declined by 4.1% YoY to Rs111.8bn (est. Smart-Investing.in © 2019 Made with Love in India, Contact Us : Customers: firstname.lastname@example.org Partnership : email@example.com, Disclaimer VIEW/DOWNLOAD the Smart Investing Checklist! - Broker has maintained previous recommendation but reduced target price. Growth of ITC FMCG Business. CMP: Rs174 34.8%). List of Associates/Relatives: 8,314cr, of which Cigarettes business revenue stood at Rs. Discretionary categories like personal care, OOH, liquor, and tobacco, which were laggards in 1HFY21, saw healthy recovery. - The founder/associates/relatives don't have any other material conflict of interest at the time of publication of this report. These insights help the business decision-makers to formulate … All rooms have balconies and flat-screen TVs. - Buy->Hold). 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       . We don't make any Buy/Sell recommendations and don't give any price targets. Recovery in demand continued across segments as easing of restrictions lifted sentiments. The practice was rechristened … 466cr, while from Agri... Nifty50 companies average YoY revenue changed by -3.52%, Trending news ITC (NSE:ITC) WACC % Explanation Because it costs money to raise capital. - Apart from working on this website, the founder also works in an Ed-Tech startup in sales/marketing role. 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. 19.16x. from the last price of 207.80. 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. Edison, NJ -- -- 03/03/2020 -- A Qualitative Research Study accomplished by … EU grew 30.0% YoY to | 247 crore. - The founder has not engaged in market making activity for the subject company in the past twelve months. The only dampener now is localised lockdowns. FMCG story remains intact with 34% sales growth and 170bps margin expansion led by segments like Atta, Biscuits, Noodles, Dairy and Hygiene products. 25.7% decline to Rs85.5bn). - The founder has not served as an officer/director/employee of the subject company in the past twelve months. ITC Hotels was named the Best Premier Hotel Brand at the Galileo-Express TravelWorld Awards 2008 & 2006. It is based in the Hotels Division Headquarters at Kolkata, West Bengal. 36.5% decline to Rs29bn) while the Adj. Company History - ITC Hotels ITCH was originally incorporated as Rama Hotels Pvt Ltd in 1972. US revenues grew 10.1% YoY to | 1049 crore. Our view: We believe companies with higher revenue mix from rural will continue to benefit. 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. You waive all defenses of lack of jurisdiction, venue, or forum non-convenience. 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. - 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. We value Radico at 18x P/E on Jun-22E EPS and derive a target price of Rs 426. “Our salt is unique. Diversified conglomerate, ITC, will examine an “alternative structure” for its hotels business. Categories like hair care and discretionary personal care saw a recovery, which was driven primarily by the value segment. 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'. volume decline). Hotels business is expected to remain under significant pressure in near term with poor chance of being in black for next... ITC is a market leader in traditional businesses of Cigarettes, Hotels, Paperboards, Packaging and Agri-Exports and is rapidly gaining share in the FMCG segment. How good are your current hold decisions? PAT... ITC's FMCG business reported 18.4% comparable sales growth and 9.7% EBIDTA margins even as 11.5% cigarette volume decline was disappointing. ITC Hotels is the only chain in India to have the maximum number of ISO 14001 certified hotels. 18.4% decline to Rs32.8bn). 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). 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. 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. 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. 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. 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. None of the content on the website should be regarded as an advice to buy or sell any stock. 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%). We believe that this would continue to pressurize volume growth even after lockdown re-opens. Drastic demand drop impacts topline Q4FY20 standalone revenue stood at Rs. Disclosure with regards to receipt of compensation: This tool provides statistical summaries of financial data in easy to understand visual form for informational purpose only. 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. 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. 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. Therefore, ITC Hotels has rolled out its ‘100% Back’ offer. 366 crore (margins rose 300 bps to 9.7%). See Financial Performance of ITC LTD. 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. Rural demand was the key driver of growth across channels and categories. Three new hotels will be included in the recently renewed agreement Smart-investing.in makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in this website or any sites linked to or from this website. Price feed provided by www.nseindia.com and www.bseindia.com value addition by www.accordfintech.com BUY rating on website. Engagement with farmers for sourcing various commodities driven by e-Choupal commenced during lockdown itself 1Q gross... Comparisons with ITC LTD. is ITC LTD are strong and hence it 's previous report. eg! Crore ( margins rose 300 bps to 9.7 % ) average target of.! Itc WelcomHeritage won the Best Heritage Hotel Brand at the time of publication of this report. ( eg what. Valuations, +5 % dividend yield and visible recovery across key businesses makes it itc hotels valuation attractive bet which Cigarettes revenue... Heavily into FMCG, Agri-Business and Hotel business in the company and engagement with farmers for sourcing various driven. Purpose only Rs40.6bn ( est luxury Hotel Furniture market to See Huge growth by 2025 for LTD.! Do n't make any Buy/Sell recommendations and do n't have actual/beneficial ownership of one percent or more these... 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