Q1 results today: ITC, Tata Motors among 88 companies will announce earnings on Thursday

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The first quarter earnings season is underway and as many as 88 companies will announce their quarterly numbers on Thursday. Key results to watch out for include ITC, Sun Pharma, Tata Motors, Adani Enterprises, Adani Ports, Zomato and Dabur.

Apart from the above, companies like AB Capital, Clean Science Tech, Emami, Escorts Kubota, Indegene, Le Travenues Technology, Max Healthcare, RailTel Corp, Tube Investments among others will also declare June quarter results.

ITC Q1 expectations

Diversified conglomerate ITC Ltd is expected to see a healthy revenue growth during the first quarter ended June 2024, led by cigarettes and hotels businesses.Revenue for the April-June 2024 period is seen growing 6% year-on-year, according to an average estimate of four brokerages. Meanwhile, net profit is likely to rise 3% year-on-year for the reporting period.

While the cigarettes, hotels and FMCG businesses are estimated to report decent growth during the June quarter, paper and agri segment continue to remain weak.

Dabur Q1 expectations

Domestic volume growth aided by improvement in rural market and international business to lead FMCG company Dabur India’s revenue growth in the first quarter.Revenue for the April-June 2024 period is likely to rise 6% year-on-year, according to an average estimate of four brokerages. Meanwhile, net profit is also seen rising 6% year-on-year.

Domestic volumes during the reporting quarter may see a growth of 5-6% year-on-year. Analysts also expect gross margins to improve by 100-200 bps YoY on account of benign input costs.

Tata Motors Q1 expectations

Leading automaker Tata Motors’ revenue growth for the first quarter will be driven by decent volume growth in JLR (Jaguar Land Rover) and CV (Commercial Vehicle) business even as PV (Passenger Vehicles) was subdued.

Revenue for the first quarter is seen rising 6% year-on-year, according to an average estimate of four brokerages. Net profit, meanwhile, is likely to see a solid growth of 48% year-on-year.

Analysts expect JLR volumes (excluding China JV) to increase by 9% YoY led by strong growth in Range Rover, Range Rover Sport and Defender model volumes. Overall, revenues (ex China JV) to increase by 6% YoY in 1QFY25.

Zomato Q1 expectations

Food delivery giant Zomato will continue its solid performance, seen in the last few quarters, through to the April-June 2024 period, led by robust show across businesses.

Revenue for the first quarter is likely to jump 62% year-on-year, according to an average estimate of three brokerages, while net profit is seen jumping multifold.

The food delivery business revenues are seen growing 35% year-on-year, while that of Hyperpure business may jump 65% year-on-year.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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